Crypto Contest December 6: Enjin Coin

Crypto Contest December 6: Enjin Coin

Enjin Coin (HitBTC: ENJUSD) has broken out of the triangle pattern in the weekly chart.

(Chart courtesy of Tradingview.com (log scale))

Elliott Wave Analysis

In Elliott Wave terms, ENJ began a wave one advance in November 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in March this year, and the red wave two (blue sub-waves a-b-c) correction ended in November. If this wave count is correct, ENJ should be heading next towards the March peak in the red wave three.

(Chart courtesy of Tradingview.com (log scale))

Zooming out in the weekly chart, I believe ENJ is currently in the red wave three (blue sub-wave iii).

(Chart courtesy of Tradingview.com (log scale))
Funnymentals

Enjin offers an ecosystem of integrated products for managing, exploring, distributing, and integrating blockchain assets. BlockchainBrad interviewed Enjin Co-Founder & CTO in October this year.

How Will Enjin Coin Trade?

Enjin Coin (HitBTC: ENJUSD) weekly chart by Tradingview.

(Chart courtesy of Tradingview.com (log scale))

Prizes

I will be giving upvotes to the correct answers with minimum reputation of 25.

Rules

This poll will expire in one week. Only one vote per person.

Which one will happen first?

Please select one of the three choices.

• ENJ will takeout the May peak

• ENJ will drop below the November low

• ENJ will stay in a trading range between the November low and the May peak until January 11

Answer the question at dpoll.xyz.