Efinity
Efinity formed a descending triangle. Usually a bearish pattern. But it breakout two weeks ago with a low volume. Yesterday, EFI then tested the strong support line again at around 0.70$, and then successfully bounced with a metaverse hype all the way to the 1,22$. The ideal entry would be at the support line - at around 0.70$. So you can wait for this to happen, but with the metaverse hype it may not happen. You could set a limit orders at around 0,75$ or 0,70$. But overall, I think it is good time to buy Efinity even if the price today is up about 15%. Why? Efinity is the NFT project developed by Enjin for the Polkadot ecosystem. EFI is sitting at around 55million market cap. With a metaverse hype and upcoming Polkadot auctions and crowdloans, when Polkadot ecosystem projects could do very well, this project could 10x in the coming weeks or months.
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