Cryptocurrencies Price Prediction: Cardano, Enjin & Filecoin — Asian Wrap 22 Apr
|Cardano price compression brings false sense of calm, as a sharp decline awaits
Cardano price may close with the fourth Doji pattern in the last five weeks. A steady balance between market timers and long-term holders fills chart with contradictions. ADA needs institutional investor commitment to overcome 2018 high.
Enjin Coin price shakes off selling pressure, primed for a 25% rally
Enjin Coin price outlook has shifted to neutral. It is on the verge of completing a high probability bottoming pattern, showing a positive divergence from some of the other cryptocurrencies that have printed new correction lows over the last couple of days.
Filecoin price might stumble again into a 20% downswing
Filecoin price has formed a bear flag on the 4-hour chart. The digital asset must stay above a crucial support level to avoid a 20% drop. The long term view remains heavily bullish for Filecoin. On the 4-hour chart, Filecoin price has formed a bear flag which could see a breakdown at any point.
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