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Enjincoin

Constructive Price ActionPrice action has improved in the past 24h. My outlook is still neutral in the short term as long as it remains between 2 support and 2.5 the next immediate resistance. This could be seen as an area of accumulation. At the moment the dips below 2 look like bear traps. Watch BTC for guidance. BTC down to 42/40 is the max expected into pullbacks. At the moment it does not look like it will happen, which is positive for ENJ. I am staying long and will try to add to long in the low 2s if that ever happen or on a break above 2.50. Good luck all.
by InvestorMagoo
2
Waiting for Stronger SignalHi traders, Quick update. 3 and 2.7/2.8 support levels didn’t hold during Sunday’s crash in the crypto space. Next supports are 2.5 and 2.35ish, which used to be previous resistance levels. Ideally we’d want to see a break above the 2.50 again or even 2.8 on the daily chart to become bullish. I am not bearish and i think this is just part of the consolidation before we run towards new highs. Correlation with the stock market has increased so keep that in mind too. if you have no position on, 2.35 seems to be a good initial entry level with a first target 2.5, then 2.75/2.8 before 3. I am rating the current price action as neutral until we see ENJ above 2.5 again. I hope this analysis help.
by InvestorMagoo
ENJIN, ENJUST - ready for another leg up ?Hello, ENJIN is more than 2500% up since January 1 and as we can see on the daily chart, the general uptrend is intact as the price keep climbing in a well defined channel. IF the general crypto market bull run is to continue and is extended in the coming weeks to months then we can see points 1 to 4 on our chart below repeat again thus causing another good run in ENJIN's price. Very good coin for long-term investment in my opinion I think we can expect a further decline in price down to the demand zone (around $2.8) during the current pullback, most probably somewhere closer to the 21-day EMA on daily. On the lower timeframes, 4-hour chart to be more precise, it is clear we are in a bull flag formation. This means we can expect the coin to bottom pretty soon given the fact is is already halfway through the pole. The target zone is based on the pole length
Long
by FutureBlockchain
2