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Technical Analysis: Enjin and Decentraland

Both bearish and bullish scenarios for Enjin and Decentraland.

Written by . 2 min read Updated
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enjin decentraland

The latest price movements and possible scenarios for Enjin Coin (ENJ) and Decentraland (MANA).

ENJIN Technical Analysis

Most Likely Scenario: Bullish

  • Uptrend / Higher Highs & Lows.
  • Broken the bullish flag pattern.
  • The 2.4000 USDT level holds the price from a move to the downside.

Least Likely Scenario: Bearish

  • Potential Bearish Flag formation.
  • 61.8% Fibonacci retracement.
  • Break and close below the 1.9650 USDT, the bullish scenario will be invalidated

Decentraland (MANA) Technical Analysis

Most Likely Scenario: Bullish

  • Price faced strong resistance around the 1.1813 USDT level.
  • A lower correction is expected.
  • Buyers might ride the trend again around the 1.0058 USDT level.

Least Likely Scenario: Bearish

  • The expected correction might turn to be a bearish channel.
  • The potential of a Double Top formation.
  • A break and close below the 0.8008 USDT level will invalid our bullish scenario.
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