Honestly, this is a pretty obvious BULL FLAG formation, traditionally formed before a breakout to the upside upon breaking the top line of the wedge. As we can seen from the chart, 0.618 Fib level has been continuously tested ad validated as a major support line @ 0.15841 USDT. Now, ENJ COIN is looking to retest that line and I see a strong rebound to the upside of the wedge near 0.786 Fib level @ 0.166 - 0.170 USDT Regions and likely a breakout to LONG till 0.204 (1.618 fib level) and beyond.
As always. feel free to like and comment your thoughts on my post, I will really appreciate the support! Remember to place stop loss orders and trade carefully = )
Regards, GOL D ROGER
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Looks to be extending/narrowing the tip of the descending wedge, wait patiently for a breakout soon
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There we go, a breakout of the descending channel, remember the key is patience.
Trade closed: target reached
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There we go, a BREAKOUT OF DESCENDING WEDGE to hit 1.0 Fib Level