ENJ is currently consolidating within a falling wedge #pattern and #trading below the wedge’s resistance trendline. The 50MA is also acting as a strong resistance barrier. A decisive breakout above the #pattern and the 50MA would signal a potential #bullish rally. Otherwise, price may continue to range within the wedge until a clear breakout occurs. Keep monitoring the price action for confirmation. #crypto
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#ENJ/USDT ANALYSIS
ENJ is currently consolidating within a falling wedge #pattern and #trading below the wedge’s resistance trendline. The 50MA is also acting as a strong resistance barrier. A decisive breakout above the #pattern and the 50MA would signal a potential #bullish rally. Otherwise, price may continue to range within the wedge until a clear breakout occurs. Keep monitoring the price action for confirmation. #crypto