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Elliott Waves on BTC and ENJIN hint at more weakness [Video]

Elliott Waves on BTC and ENJIN hint at more weakness [Video]
Stavros TousiosStavros TousiosIndependent Analyst

Bitcoin remains under pressure below 53k while trading within a descending correction structure. Despite fluctuating in a wide range, it keeps posting failure swings to the upside, and this keeps the cryptocurrency biased to the downside. Enjin's short-term corrective structure is no different. However, looking at the probable waves going forward, it is more likely to register a fresh all-time high in the following weeks/months compared to bitcoin. Can it? 

Author

Stavros Tousios

Stavros Tousios

Independent Analyst

Stavros is leading the Investment Research Team at a reputable Forex broker. He has been involved in the financial markets since 2014 and in cryptocurrencies trading since 2017.

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