ENJ Finds Support Above 2000 Satoshis & Should Move Higher

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In Brief
  • ENJ has found support above 2000 satoshis and is possibly trading inside an ascending channel.

  • Technical indicators are bullish in the long-term, indecisive in the short-term.

  • The most important long-term resistance area is found at 3500 satoshis.

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After a strong upward move, ENJ has been retracing over the past ten days. The price is trading inside a significant support area, and the action is considered bullish as long as it remains here. Current Support Enjin Coin (ENJ) has been increasing since August 2019, but the rate of increase began to accelerate on March 12, 2020. The most important area for ENJ is found at 2000

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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