cornelius20

ENJ/BTC false breakdown fib 1?

BINANCE:ENJBTC   EnjinCoin / Bitcoin
Just an update from my point of view, although there was a lots of ups and falls in price movements since the end of the December, the trend line still looking good . I think there could of be a false sign of breaking down through 1 fib (support) which could be a potential for the price break through new resistance at 0.78 fib. Maybe it is a good time to look at the symmetrical triangle however trend lines are with much time frame difference (not sure if I am interpreting this correctly). I know this sounds like very basic analyze but it would be much appreciated if I could have some feedback.

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