ENJUSDT (ENJIN COIN) - BUY ENTRY Long

Enjin Coin / TetherUSBinance

Description

⋅ Feb 18, 2021 1:15 PM

ANALYSIS 🔎
- ENJUSDT brokeout above the symmetrical triangle's inclined resistance.
- Price action is printing an ascending triangle pattern.
- An ascending triangle pattern is a bullish build up pattern.
- There's a breakout potential.

BUY ENTRY ⬆️
- Aggressive entry (risky) : market price (now).
- Conservative entry : breakout above the ascending triangle's horizontal resistance.

TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.

SETUP INVALIDATION ❌
- Breakdown below the ascending triangle's inclined support.