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...
Earlier we saw the breakout from falling wedge and now Enjin is again trading in the Triangle Pattern which is expected to the upper side and we may see ATH price again.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
". There is a possibility of temporary retracement to suggested support line (0.00000860).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. ENJBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...