BullmarketFX

ENJUSD - inverted head and shoulders.

Long
BINANCE:ENJUSDT   Enjin Coin / TetherUS
ENJUSD on the daily timeframe market has made a strong bullish impulse forming a new high which has been followed by a correction to test previous resistance as new support... which is also looking to be forming this nice inverted head and shoulders from a daily perspective we are waiting to see how the daily candle will close today before possibly looking for an entry to long. We first need to see a daily close above support (right shoulder) then we we will drop to the 4hr timeframe and wait to see new bullish structure during the correction.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.