Let's take a look at the chart now!
- ENJBTC moved down all the way to 0.786 Fib. retracement level, which stopped the drop , and is now starting to show signals of a potential low here...
- The 0.786 Fib. retracement level from the last wave also coincides with MA200 and EMA300, telling us that this is a strong with ENJBTC now trading above all these.
- There is a little increase in , Sunday, so activity can be higher during the week.
- The indicators are also looking good. They allow room for growth.
Conditions for change: If ENJBTC closes below 0.00001600, the above signals are invalidated and a new analysis is needed.
Thanks a lot for reading.