ENJIN Daily Kihon Suchi possible reversal ENJIN has made some massive gains the last few days, but I expect a pull back after today as it is running up against the 51, 17, and 9 periods. Pull back seems to be somewhere around 40%, but after a 200%+ gain in the last 9 day period, I think pull back could be sharp, potentially even to the $.45 mark.
The E calculation put the high around $.90 which it obviously shot past. This will be the first resistance point. I see the second resistance area around $.60-$.65 area, followed by a hard support at $.45.
As ENJIN has not been in this territory yet, I don't know how hard the token can push upward, so we will see!
As always, comments and ideas are welcome!
This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
