ENJ BREAKOUT! GOLD CROSS ON 1HR PLAYING OUT
ENJ has put in a complex double / rounded bottom and broke above the short term upper trend line as well as local resistance level, with volume, possibly triggered because of the bullish golden cross of the 100 & 200 SMAs confirmed on 1HR TF.
For ENTRY - Look for a retest of fibs & local support levels. More bearish short term idea would be a possible retrace/retest of the rounded bottom pattern (but I wouldn't bank on that). ENJ can pump pretty hard, and with NFTs still in the news, I'm definitely bullish on short / mid term as alts start to take off again.
Don't forget to take profits though - like many alts, ENJ tends to put in these weeks long retrace/consolidations after/before pumps.
happy trades,
Crypto D
For ENTRY - Look for a retest of fibs & local support levels. More bearish short term idea would be a possible retrace/retest of the rounded bottom pattern (but I wouldn't bank on that). ENJ can pump pretty hard, and with NFTs still in the news, I'm definitely bullish on short / mid term as alts start to take off again.
Don't forget to take profits though - like many alts, ENJ tends to put in these weeks long retrace/consolidations after/before pumps.
happy trades,
Crypto D
Comment:
sorry I cropped out the fib level numbers by accident! here's the chart w. numbers
Comment:
Looks like it traded sideways and successfully bounced off the 2.02... No update from me on this yet