Ripe for a big move!

BINANCE:ENJBTC   Enjin Coin / Bitcoin
108 0
EnjinCoin (ENTBTC) looks ripe for another nice move upwards.

Price already jumped a staggering 82% on 28 Sept and has been gracefully retracing back to support ever since and is now resting just above the Fib 50% level, which is also a previous support/resistance level AND is just above the daily 20 EMA .  That's some pretty good support.  Price is narrowing in on the triangle and we're likely to see a breakout of the triangle fairly soon.

Reasons for taking this Trade
  • Retest of support/resistance level
  • Daily 20 EMA support
  • Fib 50% level
  • Stoch RSI close to switching upwards
  • Low volatility above should make target easy to reach with good risk to reward

Trade Management
Exchange: Binance
Entry : 780 - 825 sats
SL: 710
TP: 1283

Good luck and trade safe!
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