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.
Happy Trading!
InvestPro India Team
Trading suggestion:
. There is a possibility of temporary retracement to the suggested support line (1.5165).
. If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. ENJUSDT is in an uptrend, and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EnjinCoin/TetherUS ENJUSDT is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a...
-The down trend since 22 May for ENJUSDT seems to coming to the end.
-It made double bottom and while increasing, BTC move made it stop.
-Therefore it seems to go for the third bottom.
-After the buy in green triangle and move at 0,125 level may provide some profit.
-First target is 0,134(%12) and second 0,145(%22). Stop-Loss at 0,114(%4).
Prediction is...
BINANCE
