Thanks Chris. Its good to see ENJ recovering again after its sudden rise and subesquent fall. Technicals aside, it the platform has some good partnerships so should be popular. I'm interested in hearing your analysis of one of the coins ie BCH or DASH
I’m a bit skeptical of technical analysis against markets. There is just too many influences to account. Just look at how tweets or appearances from Elon Musk can move markets… TA cannot account for that. Still under normal conditions I can see the use and it is a tool that can be used in conjunction with others to help make more informed decisions. Well written and I should take a look at ENJ as I don’t know much about it.
Technicals always lead Fundamentals in the markets, as the technicals are a representation in real-time of the emotional influence of the market participants. If uneasy / unsure leading up to a "market event", that unease will lead to consolidation as price won't be able to be pushed either way. When the event occurs, the pattern breaks. The only difficulty lies in judging how "priced in" these emotions & events are, as you have to read beyond what is directly happening and into what people don't even realize they're feeling. This is when you realize technicals can be profitable 100% on their own. But regardless, I am about 85% technicals, 15% fundamentals at this point, and it's suited me fine.
You're welcome! ENJ has held up nicely in this drop. UOS as well. I will be writing more about UOS as it's shown significant strength lately. With esports getting bigger and bigger, I've been turning more toward things like ENJ, UOS, and WAX as all these are targeting esports industry in some way or another.
Again.
I could understand all you said, but some way everything made sense in my head 😂
Thanks for sharing all your knowledge with us and I hope to see you and you charts soon !
My pleasure, as always :}
Interesting, I've been looking at ENJ lately too, may have to move some more assets.
Thanks Chris. Its good to see ENJ recovering again after its sudden rise and subesquent fall. Technicals aside, it the platform has some good partnerships so should be popular. I'm interested in hearing your analysis of one of the coins ie BCH or DASH
I’m a bit skeptical of technical analysis against markets. There is just too many influences to account. Just look at how tweets or appearances from Elon Musk can move markets… TA cannot account for that. Still under normal conditions I can see the use and it is a tool that can be used in conjunction with others to help make more informed decisions. Well written and I should take a look at ENJ as I don’t know much about it.
Technicals always lead Fundamentals in the markets, as the technicals are a representation in real-time of the emotional influence of the market participants. If uneasy / unsure leading up to a "market event", that unease will lead to consolidation as price won't be able to be pushed either way. When the event occurs, the pattern breaks. The only difficulty lies in judging how "priced in" these emotions & events are, as you have to read beyond what is directly happening and into what people don't even realize they're feeling. This is when you realize technicals can be profitable 100% on their own. But regardless, I am about 85% technicals, 15% fundamentals at this point, and it's suited me fine.
Bought some more ENJ after seeing this chart and i am not that expert but thanks that you posted it for us :D
Thanks for sharing the chart's every week
You're welcome! ENJ has held up nicely in this drop. UOS as well. I will be writing more about UOS as it's shown significant strength lately. With esports getting bigger and bigger, I've been turning more toward things like ENJ, UOS, and WAX as all these are targeting esports industry in some way or another.
I'd like to see WAXP and EOS please. Thanks for your insight
Absolutely!
Can you do it for Waxp?
And thank you for the wonderful comments.
Great job!
Have a nice day.