Enjin Coin Hits New High, Bull Run Potential

Enjin Coin (ENJBTC) just hit a new peak today which went higher than the last peak in April and also above the May 2019 high... This is good news.

Now that ENJBTC is trading above all major resistance levels, the path to the upside is completely clean.

On the above chart setup, we can experience a strong impulse move next (green arrow).

We can also have the classic Cup & Handle pattern form if the red arrow is followed.

Note: If prices drop and close below MA200 (0.00001223), the above signals become invalid and a new analysis is needed.

Namaste.