Enjin Efinity Ready to SUPERCHARGE!! ENJ EFI PRICE Prediction

Hey guys what’s up it’s frank here from Altcoin buzz today we’re going to be Looking at enj which is the ticker for Engine and we’re going to be doing an Analysis on efi which is the ticker Symbol for infinity token as usual we’re Going to look at the bigger picture Going from the monthly all the way down To the four hour to give you all the Information that you need to potentially Enter trades in this market now there’s A common theme across several altcoins And enj and efi Are no exception so stay tuned to find Out Why now is a very important time to be Paying attention to the markets even Though most people aren’t i’ll be giving You a technical analysis as well as of Course a price prediction by the end of The video now for those of you who don’t Know altquin buzz is first and foremost A crypto investment research company and We have been providing you numerous 100x Returns since 2017. so if you want to get in on that Action join our alt queen buzz access Group where we document up-to-date Research covering undervalued altcoin Gems nft minting opportunities and our Portfolio strategies so click the link Up above or down in the pin comment Section below to take advantage of the Action now

And also please don’t forget to like Subscribe and click the notification Bell so that you don’t miss any of our Future updates and finally please note That none of this is investment advice [Music] Okay so starting off with enj engine you Know engine has been one of our favorite Coins on the channel for a long time and As you can see we have a very Interesting support being formed by the 20 ema that’s the exponential moving Average marked by this red sloping line First we found support multiple times From the lows of the candles in may in June in october 2021 we came close to it Then unfortunately we had a break Through this line however we have Noticed that the candles are not closing Below this ema support line so there is Some reason to believe that we are Actually at the support and that this May hold support moving forward as it Has for the past year also worthy to Note is that we have an inside bar on The monthly which formed in march and April now we have eight days left it Will be very telling to see what happens Because if we have a break above the Previous high which is 1.973 dollar mark this will be a very Good sign moving forward as you can see We had actually two inside bars Previously in june 2021 we had one

Inside bar then another inside bar in July and then after that when we broke Bullish we saw a lot of Bullish price action in the preceding Months so we may see something very Similar here where we have one inside Bar yet another inside bar and then if We break bullish out of this inside bar In may then again we are very likely to See some Positive price action over the months That follow Now coming down to the three-day chart We are seeing some market structure by Market structure i mean that there has Been a support at this 1.155 level we’ve seen support once here And once again we came down to touch it With the low of this candle on the 24th Of february and what this means is that This is a level at which Buyers are buying so as long as we stay Above this level we are in the green Zone but more importantly we are seeing A very very bullish signal which is of Course the macd crossover On the three day time frame now the Higher the time frame the more relevant The signals that we see as you see we Have a bullish cross over here which Occurred on the 17th of march 2022 since Then we saw a move up and now we’ve seen A retracement and similarly we saw a Bullish crossover of the macd below the

Zero line on the 12th of july 2021 and although we had a Few days of red after that this actually Led to one of the more Intense moves up for engine from that Point we actually saw a 250 percent Price increase so definitely a good sign That we have this bullish crossover now When we come down to the daily time Frame there is a somewhat concerning Pattern for the bulls out there and this Is of course a descending triangle now What this means is that the price is Coming down and testing the bottom of This triangle which currently is at the 1.3 level and every time we come down And test it the buyers get more and more Exhausted and as you see we’ve tested it Multiple times this 1.3 dollar level so If we are to test it again it becomes More and more likely that we break that Level and come to the downside however These triangles don’t always break Bearish and certainly if we break to the Upside if we break past the 1.99 level which is the previous major Pivot point of the daily high Then we are likely to see action to the Upside And coming down to the four hour time Frame you can see that we have this Descending channel here many touches on The top part of this channel and two Major touches at the bottom part of this

Channel So we are going to be looking to see Which direction this will go currently We are somewhat in the middle of this Channel however as you can see there is A very very important resistance which Is the 1.62 level we had a double top over here And if we are to touch this again Similar to how we talked about in the Descending triangle where the buyers are Getting exhausted if we keep on touching This 1.62 level the sellers will get Exhausted and then we will potentially Have a bullish break out of this Descending Diagonal channel also the four hour has Had quite a notable move ever since April 2022 we had several green candles Here with above average volume And now we’ve had a small retracement so It’s only natural that we would see Another move up given how notable this Previous move was we had a Almost 18 Move up And now we’ve had a retracement so i Wouldn’t be surprised my personal guess Is that we actually in the short term Will break this 1.6 dollar level in the Next move up however it must be admitted That there are mixed signals in the Market right now and this descending Triangle is something to be wary of but

Let me know down in the comments section Below do you think we will break bullish Out of this descending triangle or do You think we will break bearish okay Next we are looking at e5 starting by Looking at the three day time frame First of all you can see this large Descending wedge here which of course is A bullish pattern and currently we Haven’t had really a major break out of It we just had a lot of sideways action Coming out of this pattern however we Had a clear downtrend here on the Three-day time frame which now is Potentially being challenged certainly We are out officially out of the Downtrend but we do not yet have an Official uptrend if we want an uptrend We will have to break the 0.658 Level but the good news is that We broke this previous high of 0.555 And now we have the potential to have Another move up to break the More recent high and certainly you can See again a lot of green candles here With volume way above the average so This is definitely a good sign that the Bulls are winning Furthermore we also have the bullish Crossover on the macd here and this is What i mentioned at the beginning of the Video Now not a lot of people are looking at These markets because it’s kind of going

Sideways like i mentioned we don’t have An official uptrend we’ve just basically Been going sideways for almost one or Two months now But this is the time when there’s money To be made this is where the patient Will outperform the inpatient so really What we’re looking for is a strong sign That this is going to start moving up Again and we have seen this so i’m sure That a lot of investors are dollar cost Averaging in at the current price levels Now going from the three day down to the Four hour And we can see that We had a lot of Market structure between the 0.36 dollar level and the 0.4 level and The bulls broke out with flying colors Again a lot of strong volume on these Candles suggesting that we are ready for Yet another move up now we’ve had a bit Of a slow down over here but again this Doesn’t look like anything other than a Bull flag So certainly on the four hour time frame Things are looking good not to mention That we have more important market Structure at the 0.43 level as marked by this volume Profile here which basically means that Actually it’s between the 0.41 dollar and the 0.449 Level there’s just been a lot of back

And forth with the bulls and the bearers Fighting it out and the fact that we are Above that is a very good sign as you Can see There is not much resistance on the way Up so there is certainly much more Potential for upside price movement than There is for downward price movement So my parting words for you today are The words from none other than Warren buffett himself which is the Market is a device for transferring Money from the inpatient to the patient And furthermore by charlie munger the Big money is not in the buying or Selling but in the waiting So as mentioned we have some good signs That the downtrend is reversing the Downtrend of the past six months or so For efi and engine but the real wisdom Here the real takeaway is that we want To wait and see we want to be patient to See if we have breaks of critical levels If you enjoyed this video and this Analysis feel free to check out my video On tara luna posted yesterday for more Technical analysis which is accessible To everyone And with that being said guys I’ll see you in the next one [Music] You