ENJ ANALYSIS:
ENJ looks to have been forced down by a whale recently on a major selloff. This selloff was quickly eaten up by buyers, and lune has not decreased since. This is strong positive sign for a bullish attempt to break thru the recent top at 1600+ sats. I expect another push up to T1 at 1650 sats, followed by T2 at 1790 upon the break thru. The final target is set at 1940, which enters a daily resistance order block band. This is a likely spot for rejection. Until then, stoch turned bullish and RSI has room for growth after the sell off. Look to exit upon the break into the daily resistance block.
Possible Entries: 1500-1520 sats
ENJ looks to have been forced down by a whale recently on a major selloff. This selloff was quickly eaten up by buyers, and lune has not decreased since. This is strong positive sign for a bullish attempt to break thru the recent top at 1600+ sats. I expect another push up to T1 at 1650 sats, followed by T2 at 1790 upon the break thru. The final target is set at 1940, which enters a daily resistance order block band. This is a likely spot for rejection. Until then, stoch turned bullish and RSI has room for growth after the sell off. Look to exit upon the break into the daily resistance block.
Possible Entries: 1500-1520 sats