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cryptotoky0
Nov 23, 2021 7:13 AM

ENJ USDT Double Bottom Breakout  

Enjin Coin / TetherUSBinance

Description

ENJUSDT is looking very solid after forming Double Bottom in HTF. Hold this baby for a moon ride.

Comment

All Targets achieved
Comments
trytofeelpositive
nice chart
agree with ur target
duncanmc
double bottom in an uptrend? :)
devoperator84
I think you are measuring the neckline incorrectly for the double bottom. Typically you would include the middle high in your neckline - which if you're being generous and including the wicks, would be as high as 3.27 on your chart. With the neckline at that level, a rough eyed target would be around 3.90 so it looks to have already executed and reached its target on that wick up to 3.89. Notice how it came back down after completion and retested the neckline as support before bouncing up again.
cryptotoky0
@devoperator84, noted but do check the chart again for reference
cryptotoky0
@devoperator84, All target hit hope you book profit
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