ENJ Price Action: Will the Momentum Hold Above Support?
ENJ is currently trading around $0.1697. From March the price of ENJ is in a downtrend, after rejection from the resistance zone marked with Purple at $0.6617 to $0.6850. Now the price has broken out from the descending trendline and the resistance zone marked with Grey at $0.1512 to $0.1584, now this zone has become a support zone.
The next target for the price is the resistance zone marked with Green at $0.2037 to $0.2108, if the momentum continues the price could reach the next zones marked on the chart.
The price might retest the support zone Grey and the descending trendline, if this area fails to hold the price it might fall to the next support zone marked with Yellow at $0.1294 to $0.1372.
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