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Weekly forecast Enjin Coin technical chart

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateJune 3, 2023 - 14:12
Currentrange bound
Forecastcontinuation of downtrend

Midterm forecast:

  • While the price is below the resistance 0.5680, continuation of downtrend is expected.
  • We make sure when the support at 0.2300 breaks.
  • If the resistance at 0.5680 is broken, the short-term forecast -continuation of downtrend- will be invalid.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 0.3660 on 05/17/2023, so more losses to support(s) 0.3197, 0.2755 and minimum to Major Support (0.2300) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 42.

Symbol Released Current Forecast
Enjin Coin (ENJUSD) Sat, 15 Jun 2024
Enjin Coin (ENJUSD) Tue, 11 Jun 2024
Enjin Coin (ENJUSD) Sat, 1 Jun 2024
Enjin Coin (ENJUSD) free Sun, 26 May 2024
Enjin Coin (ENJUSD) Mon, 20 May 2024