* As expected, ENJUSDT retraced over the weekend.
* This sets ENJUSDT up for a cup and handle on the weekly timeframe, confluent with the larger inverse H&S that is forming.
* Confluent cup and handle and inverse H&S are forming amongst many smaller cap altcoins.
* Be aware of the larger picture, especially DXY.
* This sets ENJUSDT up for a cup and handle on the weekly timeframe, confluent with the larger inverse H&S that is forming.
* Confluent cup and handle and inverse H&S are forming amongst many smaller cap altcoins.
* Be aware of the larger picture, especially DXY.
Comment:
* Classic bull vs bears fighting at BTCUSDT's heavy 50K psychological resistance level.
* BTC.D is also dropping.
* LONG ENJUSDT, LRCUSDT and DENTUSDT--which are on the cusp of completing their cup and handle pattern--if BTCUSDT breaks 51K.
* BTC.D is also dropping.
* LONG ENJUSDT, LRCUSDT and DENTUSDT--which are on the cusp of completing their cup and handle pattern--if BTCUSDT breaks 51K.
Currently testing previous 1.97-2.03 resistance to establish it as support.
Either take profits and buy in later at $2.00, or just hodl till $2.80-3.10.