The price continued to go down and finally, 20MA (blue) broke 60MA (green) to the lower side. Because the sequential order is 60MA (green) > 20MA (blue) > 5MA (red) > the candle, the trend is a Strong Downtrend. If the price keeps under 5MA (red), this bearish trend continues.
Conversely, if the price goes up, the 1st target will be the cross-point with 5MA (red).
Because the price already broke my target: 1.15USD, I think it will continue to go down. But we should watch the next move carefully.
==TODAY’s Check Points== - The candle goes up and breaks 5MA (red) clearly? - The candle continues to go down and reaches 1.00USD?
==TODAY’s Target Price== ENJ goes up: 1st target: Cross-point with 5MA 2nd target: Cross-point with 20MA and 60MA 3rd target: 1.58USD (the last highest price)
ENJ goes down: 1st target: 1.00USD (A nice round number) 2nd target: 0.735USD (the lowest price in 23rd/May) 3rd target: 0.475USD (the lowest price in 28th/Feb)