ENJIN COIN ON 4HRS CHART

Apr 3, 2021

Enjoin coin was moving in uptrend making HH,HL. At the breakout of channel , Enjin retraced back from Fibonacci 38.2% level which is always consider as a good reversal sign. Now here a catch, if Enjin had to continue the uptrend it would have not waited in range market. Enjin on other hand is also sustaining below 200ma which indicates bearish control or bearish sentiments. Trade safe look for shorting setup. Target can be till 200 ma line.