Enjin Coin After 795% Profits Run (Getting Ready To Move Again)

Updated

There is no doubt that Enjin Coin (ENJBTC) entered a bull phase, the last wave increased its value as much as 795%, one of the strongest run so far. We also have the entire cryptocurrency market growing...

Let's take a look at the chart now!

ENJBTC moved down all the way to 0.786 Fib. retracement level, which stopped the drop, and is now starting to show signals of a potential low here...
The 0.786 Fib. retracement level from the last bullish wave also coincides with MA200 and EMA300, telling us that this is a strong support level with ENJBTC now trading above all these.
There is a little increase in volume, Sunday, so activity can be higher during the week.
The indicators are also looking good. They allow room for growth.

RSI:

Conditions for change: If ENJBTC closes below 0.00001600, the above signals are invalidated and a new analysis is needed.

Thanks a lot for reading.

Namaste.

Comment

Many Binance altcoins looking really hot right now...

AlanSantana

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