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HamishCrypto
Apr 25, 2020 11:10 AM

ENJ/BTC due for some retracement soon?  

Enjin Coin / BitcoinBinance

Description

Enjin coin looks to be nearing the top of the ascending channel and also the top of the larger broadening ascending wedge. It's also at a point of previous support turned resistance. For these reasons i think it could be due for some retracement soon.

Comment

Enjin looks to have closed above both the wedge and the channel on the daily candle so there could be more upside to come
Comments
PsychonauticalTrader
I agree with you but if it breaks out of this channel it may end up doing one of those fractal things and blowing everyone’s mind
HamishCrypto
@PsychonauticalTrader, yeah no doubt, it's looking like it could close above wedge
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