AlphaBravoCharlie77

Update on ENJ - Still not time to long yet

BINANCE:ENJUSDT   Enjin Coin / TetherUS
ENJ is a rather obedient coin. Since Jan’2021, it has done the following within the same channel

  • Reach new all time high (ATH)
  • Retrace
  • Consolidate sideways
  • Repeat

The current retracement is par for the course for ENJ's price action since Jan'2021. I maintain my position that ENJ will touch the lower end of the channel around mid-May, and then bounce off to touch a new ATH.

In other words, ENJ's dip or sideway movement might continue in the short term till 2H-May'21. Long accordingly.

(I'm personally anticipating a short-term recovery from now till mid-May, and then another dip.)
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