ENJUSDT to bounce off $2.36?
• Since completing the cup and handle, ENJUSDT reached a top of $3.50, but did not manage to break it’s previous ATH of $4.00.
• I trade on larger timeframes, but might ENJUSDT be possibly bouncing off its Wave 1 peak of $2.36?
• Incidentally, $2.36 coincides with the 8D SMA.
• It would be rather bullish if ENJUSDT were to confirm $2.36 as support.
• If so, it might bring ENJUSDT to the top of channel at $8.81.
• I trade on larger timeframes, but might ENJUSDT be possibly bouncing off its Wave 1 peak of $2.36?
• Incidentally, $2.36 coincides with the 8D SMA.
• It would be rather bullish if ENJUSDT were to confirm $2.36 as support.
• If so, it might bring ENJUSDT to the top of channel at $8.81.
Comment:
Yep, it bounced off $2.36.
Comment:
It is of note that ENJ appreciated against ETH during the recent mini dip. The weekly MAs remain bullish.
