Enjin Coin Goes Bullish | Bottom Pattern Explained Long

Enjin Coin / BitcoinKuCoin

Description

⋅ Jun 24, 2022 5:50 PM

We have this pattern on the Enjin Coin vs Bitcoin (ENJBTC) chart which we saw recently on the Solana (SOLUSDT) and Polygon (MATICBTC) trading pairs.

We have a low 12-May followed by a lower low 13-June.
While the MACD and RSI print higher lows giving us bullish divergence.

Right after the lower low on 13-June we have accelerating growth.
We now see prices moving above EMA50.

On some pairs with the same pattern, such as MATICBTC, we can see prices already above EMA100...

Remember, what one does the rest follows.

Many Altcoins have already produced very strong growth.
More to come...

See the 'Related Trade Ideas' below for more.

Namaste.

Comments

peterbhc

⋅ Jun 24, 2022 8:17 PM

Alan, check out NEARBTC - that has the same pattern and ready to run.

AlanSantana

⋅ Jun 24, 2022 8:31 PM

@peterbhc, Absolutely, I agree.

Solldy

⋅ Jun 24, 2022 7:21 PM

Thank you for the detailed analysis of potential asset movements, it was very helpful. It’s very interesting to observe your reasoning on technical analysis.