A Golden Opportunity: Bullish Analysis of Enjin Coin (ENJ)
2024-12-06
Category: gaming

🔥 Enjin Coin (ENJ) Analysis 🔥

Enjin Coin had a massive rally from March 2020 to November 2021, reaching its all-time high at $4.8. After that, it entered a correction phase and found its bottom at $0.12 in July 2024, marking the end of its decline.
Now, ENJ has started moving upward again and appears to be in Wave 1 of a potential 5-wave bullish structure.

🔑 Key Resistances to Watch:
1️⃣ Dynamic trendline resistance: Breaking this will be the first confirmation of a bullish move.
2️⃣ Static resistance at $0.42: A breakout above this level could provide a safer entry.

🎯 Targets:

    Target 1: $2 (~350% profit)
    Target 2: $12 (~1700% profit)

📌 Summary:
If ENJ successfully breaks through these key levels, a massive bullish rally may be ahead. Keep an eye on these resistances to seize this exciting opportunity! 🚀