ENJIN can rise towards 10$!!

28 במרץ 2021

ENJIN maintains a strong upward trajectory playing out the overall long term count since its genesis as an asset, where we observed a strong accumulative phase which is being priced in now. Although Enjin has had great gains in previous months we can expect the ENJIN bull cycle to continue which is reflected in the long term count and internal sub wave structure of recent price action which emulates an extended macro move to play out over time. Additionally, ENJIN bounced strongly at support trend line shown on chart as well as maintaining above the orderblock between 1.95-2.20 which is acting as strong support, the indicators have reset which can give ENJIN the momentum to move higher. Notably, there is strong resistance at the ~1.618 fib extension at 3$ which previously acted as resistance, if price can rise above 3$ we can expect a move into the next zone of expected resistance at $5.50 where there is a cluster of fib extensions and eventually towards $10 and further towards $18-20.

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