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PolarHusk
Sep 18, 2020 1:53 PM

ENG/BTC (Bearish Channel Breakdown?) 

Description

BINANCE: ENGBTC


-Enigma broke the ascending channel to the downside
-We can see an upward trendline of support breakdown
-If this Bearish price action continue and see a follow-through
-The downside target is around 3600 sat zone
-The green zone is a confluence of previous support turned resistance
-So I'm expecting high demand in those regions



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Comments
jobaidaakterjar
Nice explanation 😘
PolarHusk
ZainabSloan
Good Job
Just we shall wait for BTC trend first ,, Right ?
PolarHusk
@ZainabSloan, thanks, but what do you mean to wait for the BTC trend? do you have a Buy position? if Yes, I would sell it now. The market is now a Bearish reversal sign.
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