ENJ/USDT 4h simple analysis in 8th/Jun

2021年6月8日

Hi, crypto traders.

ENJ is in a Strong Downtrend now.

As I predicted yesterday, the price started to move with a big impact. The price went down and broke 20h (red) line to the lower side. Because the sequential order is 240h (green) line > 80h (blue) line > 20h (red) line > the candle, the trend is a Strong Downtrend.

The candle already reached my 1st target: 1.23USD and broke it. If the price keeps under 20h (red) line, this downtrend continues.

We shouldn't buy ENJ in this market.


==TODAY’s Check Points==
- The candle changes positively and breaks 20h (red) line to the upper side?
- The candle continues to go down and reaches 1.00USD?

==TODAY’s Target Price==
ENJ goes up:
1st target: Cross-point with 20h (red) line
2nd target: Cross-point with 80h (blue) line
3rd target: Cross-point with 240h (green) line

ENJ goes down:
1st target: 1.00USD (A nice round number)
2nd target: 0.735USD (the lowest price in 23rd/May)
3rd target: 0.475USD (the lowest price in 28th/Feb)

Enjoy your trading.

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

#Latest Enjin blog/news (in 7th/Jun)
Utilify: Connecting the NFT Multiverse
enjin.io/blog/utilify