Enjin Coin broke up this triangle📐 and I think ENJ can go to 2.37 and even higher. I'm already in. Ladies and gentlemen, the race just started! 🏎️🏁
- ENTRY: local high @ 1.999
- SL: local low @ 1.93
- TARGET: height of the triangle projected from midpoint of the local range (BUY - SL) @ 2.37
- RRR: 5.4
- INVALIDATION: when SL level hit
Trade active
Comment:
Who told ya rising wedge (white) is bearish?! Just kidding, but check how this can potentially pop and surge straight to the target.
Comment:
It popped up but the throw-over was not strong enough to push the price to target. Then it spilled. But now we are back on track as we broke up the red downtrendline and ENJ is heading to the target in my opinion.
Comment:
Price dropped down all the way to the entry point, then broke the red downtrendline and now forming another rising wedge. Will ENJIN break it to the upside once again?
Trade closed: stop reached:
SL hit - what a spiller after breaking the SL and triangle lower edge (yellow uptrendline). Whole market flushout.
