ENJ/USDT 4h simple analysis in 10th/Jun

2021年6月10日

Hi, crypto traders.

ENJ is in a downtrend now.

After reaching 1.15USD, the candle changed positively and started to go up. However, it bounced from 80h (blue) line and started to go down again.

Because the sequential order is 240h (green) line > 80h (blue) line > 20h (red) line > the candle, the trend is a downtrend. But MA lines and the candle are close, the trend can change easily.

If the price keeps under 20h (red) line, a downtrend continues. Conversely, if the price goes up and broke 240h (green) line to the upper side, the trend changes to an uptrend.

We should wait and see the next trading timing today.


==TODAY’s Check Points==
- The candle changes positively and breaks 240h (green) line to the upper side?
- The candle continues to go down and reaches 1.15USD again?

==TODAY’s Target Price==
ENJ goes up:
1st target: Cross-point with 240h (green) line
2nd target: 1.75USD (the last highest price)
3rd target: 2.06USD (the highest price in 27th/May)

ENJ goes down:
1st target: 1.15USD (the last lowest price)
2nd target: 1.00USD (A nice round number)
3rd target: 0.735USD (the lowest price in 23rd/May)

Enjoy your trading.

=================================
#Event schedule
xxx/2021: NFT.io launch (nft.io/)
xxx: Efinity launch

#Latest Enjin blog/news (in 9th/Jun)
Enjin Partners with Health Hero to Launch NFT-powered Wellness Program
enjin.io/company-news/health-hero-en