breakout confirmed as we predicted yesterday looks ready to fly buy and hold some
ENJUSDT (ENJIN COIN ) 💹 Time Frame: Daily (Update) ➖➖➖➖➖➖➖➖ 🟢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...
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.
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.
You 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.