There is no doubt that Enjin Coin (ENJBTC) entered a bull phase, the last wave increased its value as much as 795%, one of the strongest run so far. We also have the entire cryptocurrency market growing...
Let's take a look at the chart now!
ENJBTC moved down all the way to 0.786 Fib. retracement level, which stopped the drop, and is now starting to show signals of a potential low here...
The 0.786 Fib. retracement level from the last bullish wave also coincides with MA200 and EMA300, telling us that this is a strong support level with ENJBTC now trading above all these.
There is a little increase in volume, Sunday, so activity can be higher during the week.
The indicators are also looking good. They allow room for growth.
RSI:
Conditions for change: If ENJBTC closes below 0.00001600, the above signals are invalidated and a new analysis is needed.
Thanks a lot for reading.
Namaste.
Nota
Many Binance altcoins looking really hot right now...
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