ENJ seems to be bottomed out of the falling wedge, as teh ABCDE correction seems to be done.
It has very strong support lines, and with the upcoming new exchange list on the 9th of April, I think it has good potential to break out of the falling wedge and initiate a bullish flag.
It has very strong support lines, and with the upcoming new exchange list on the 9th of April, I think it has good potential to break out of the falling wedge and initiate a bullish flag.
So, as of now, this speculation is playing out nicely. The candle body broke through the falling wedge resistance, MACD started looking bullish.
If the exchange on which ENJI will get listed is actually worthy, I'm expecting a major breakthrough.