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VaidoVeek
May 24, 2019 5:13 AM

ENJIN COIN (ENJ/USD) - Buy After The Breakout! Long

Enjin Coin / US DollarBinance

Description

On the Daily timeframe, the price has drawn a bullish continuation pattern called Falling Wedge.
The continuation pattern is valid and active after the breakout. So, wait for a breakout confirmation on the Daily chart and the wait until the Daily candle gets a close above the pattern upper trendline.

The target is pretty high, probably you should considering take out some partial profits on the next strongest resistance levels but the pattern target is around $0.4


Feel free to support my effort by hitting the "LIKE" button, it is my only fee from You!

Have a nice weekend,
Cheers!

Comment

Still, wait for a breakout!
Comments
MuMPiTz
@VaidoVeek thanks bro! Could you have a look at MATIC ? :)
VaidoVeek
@MuMPiTz, Looks like a decent spot if the BTC makes a breakout:

EMA200 is also under the price and it should work as a support.
VaidoVeek
@MuMPiTz, Sorry this is a MATIC/BTC but the MATIC/USD looks almost same!
MuMPiTz
@VaidoVeek, thanks dude!
London_fx_club
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But ask a Bitcoin traders he is , KING < GURU LORD MASTER PRO he is neither or None
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London_fx_club
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