ENJ-USDT(Falling Wedge Breakout)
Enjin Network, a social gaming platform presents huge potential to rally to new highs fueled by the recent hype around NFT wherein Beeple’s NFT was sold for ~$69 Mn.
ENJ Coin has been forming a Falling Wedge Formation.
On 4 Hr Time Frame, Enjin Coin has been trading in the Flag formation since March 15. It has given a decent breakout from the pattern and is currently trading above 20 and 50 EMA.
The support to the lower side is present $2.2 and is most likely to give targets of $2.78 followed by $3.
ENJ Coin has been forming a Falling Wedge Formation.
On 4 Hr Time Frame, Enjin Coin has been trading in the Flag formation since March 15. It has given a decent breakout from the pattern and is currently trading above 20 and 50 EMA.
The support to the lower side is present $2.2 and is most likely to give targets of $2.78 followed by $3.
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