Enjin is moving in an ascending, wide channel. Recently, the harmonic pattern ended, and ENJ broke the downtrend line too. Then ENJ reached the bottom of the channel and bounced off it. Let's hope ENJ breaks the minor downtrend line and see what happens.
Note
Enjin has one of the best technical charts among crypto; and is literary in the best possible position. Let's see what happens.
Note
Enjin has a great potential for growth and is moving up toward the next horizontal resistance area. Let's see what happens.
Note
So, ENJ went up and almost reached the horizontal resistance area, correction started and then came down. It seems, ENJ is moving in an inverted wedge pattern and currently at the bottom of the pattern. Let's see what happens.
Trade active
So, the ENJ analysis has to be changed. ENJ has made an inverted wedge pattern that took the price down to the major horizontal area. Now, it seems ENJ is ready to break the downtrend line and start the next upward wave. ENJ has the potential to reach the ATH again. Let's see what happens.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.