Enjinanalysis
ENJIN COIN DAILY ANALYSIS ENJUSDT (ENJIN COIN )
💹 Time Frame: Daily (Update)
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🟢ENJ took a strong rejection from the major resistance zone around $2.16 - $2.25. Also, there's a supporting uptrend line, which can act as a support in the future. Around, $1.43 - $1.50 is the next
support area where you can look for buying opportunities. Let's see what is going to happen in next coming days?
🟢 This Analysis will be Updated
Amir Hossein
📅 02.12.2022
⚠️ (DYOR)
ENJ to test $2.30 this weekend?We've been creating Higher Highs & Higher Lows since the 19th & may very well continue this pattern heading into the weekend, if we do we may test $2.30 this weekend.
If we hit the $2.00 resistance we may find ourselves in a Consolidation phase heading into the weekend around $1.90 & $2.00 which would be a healthy consolidation for the coming week.
ENJ to test $1.80?We've been in a strong sell-off & now testing the upper resistance, what makes me think we will see a Uptrend unfold is the RSI, we have created a Triple Bottom which usually leads to a bullish trend.
If we were to fall to the $1.50 resistance then we would see a Consolidation or Bearish trend unravel Tuesday into Wednesday.
ENJ showing signs of a UptrendYou see we have broken through the top of the bearish trend now in a retest, also if you take a look at the RSI it indicated we are showing bullish momentum.
We very well may see a large pullback into the bearish trend.
