ENJ/USDT : One of my favorites now ! d

ENJUSDT
Hello everyone 😃

One of my favorites at the moment - price attempted to breakout but failed and is now holding at the upper range level.
As long as 1.7 remains as support, I'm expecting a break to the upside over the next day or two.
But there will be some other scenarios to happen !
- There is a stiff resistance zone above the current level which has rejects the pair recently.
- #ENJ is forming a bearish order block on daily TF, So current candle is important.
- The rejection below FIB's level is happening, So we need to care about that.

On other side :
- The S/R line has been captured by the movement !
- The 50% FIB's level can be a good support for #ENJ ATM.
- MA200 is reaching the movement, Which has been broken recently and it can become another support for #ENJ.
- There is a bullish trendline, Which has formed buy recent wicks at the mid-dip for #ENJ.

#ENJ can manage to pullback from stop-hunt zone if any dive happens... ( If #BTC rejects to hold the current support and dive to 44K level ).
There will be to levels to enter :
- At support on Stop-hunt zone with confirmation !
- After a hold above resistance zone.

🔴 If BTC continued to dive, Then it won't be a good idea to stay on bullish scenario, So the rejection is also possible !
Any rejection below MA200 and trendline will confirm the dive to $1 level or lower.

Hope you enjoyed our analysis about ENJ's possible directions🙌
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Attention: this isn't financial advice we are just trying to help people on their own vision.

Have a good day!
@Helical_Trades