ENJBTC | Parabolic Curve | Trade Setup

BINANCE:ENJBTC   Enjin Coin / Bitcoin

Points to consider:

- Respecting the very bullish parabolic formation
- Testing structural support
- RSI above 50
- Below average volume
- Price respecting and trading above 21 EMA

ENJBTC retracing to test structural support after an impulse move to the upside

Currently respecting the parabolic curve and trading 21 EMA both serving as very bullish indicators

RSI also above 50 and forming a symmetrical triangle, a break to the upside will support the bullish bias

Below average volume is an indication of an influx being imminent, this will also coincide with the possible breakout

Next target will be the .5 Fibonacci retracement in confluence with structural resistance


Still in play! 🤞🏼
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out