Cryptocurrencies

Crypto Contest February 25: Enjin Coin

Enjin Coin (Binance: ENJBTC) 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, Enjin Coin began a wave one advance in November 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in January 2018, and the red wave two (blue sub-waves a-b-c) correction ended in August 2018. If this wave count is correct, Enjin Coin should be heading next towards the January 2018 peak in the red wave three.

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

Funnymentals

Enjin Coin is a deflationary token and resource that can be used by developers, entrepreneurs, organizations, and individuals to create (“mint”) ERC-1155 tokens for the gaming, entertainment, and retail markets. You can view their December 2018 presentation below.

(Sources: Enjin Coin and YouTube)

If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “Enjin Coin will takeout the April 2018 peak”.

If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “Enjin Coin will drop below the August 2018 low”.

If you think Enjin Coin is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Enjin Coin will stay in a trading range between the August 2018 low and the April 2018 peak until April 1”.

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

You can upvote the comment until 3 PM EST February 28 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first).

Bonus 1

I will be sending one Trophy Token (@trophy-token) or one Steem Monsters (@steemmonsters) card to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address.

Bonus 2

Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize.

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