This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$ENJ is moving inside a falling wedge.
Price is still below the wedge resistance and the 50MA, both acting as resistance.
If it breaks above them with strength, we can see a good bullish move.
If not, it will likely keep ranging inside the pattern.
For now, just wait for a clear breakout. Let the chart confirm.