Enjin Coin VS Bitcoin Support Rejected

Enjin Coin has corrected down to 76.4% Fibonacci support, at 969 satoshis, that has been rejected cleanly. Prior to that ENJ/BTC also rejected the 8/1 Gann Fan trendline, by failing to close below with confidence.

The trend now seem to become bullish and price should continue rising. The nearest upside target is seen at 4.1k satoshis, which corresponds to the 127.2% Fibonacci and the 4/1 Gann Fan trendline.

On a downside, Enjin Coin might take some time to start moving higher and range trading could take place. Although only break and close below the 969 satoshis support could invalidate bullish outlook.

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