Do Not Trade This! I'd personally wait for a retest around $6.90 before making my move. Might buy a few shares for fun tomorrow and see how it rolls.
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DotcomJack | Easy Loot
Good Morning Traders,
It's been quite a while since we have traded BINANCE:ENJUSDT . Sadly we missed this big push simple due to being distracted with this crazy market.
Risk:Reward = 5.61
Entry = .13803
Stop Loss (-1.88%) = .13511
Target Profit (10.5%) = .15285
Estimated Time: 24-28 Hours
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Let me start off by saying I hope each and everyone of you are safe and healthy. Some of the craziest s*** has happened within the last few weeks including oil futures going negative -44 per barrel.
While everyone is distracted with the FED throwing in fridge after sink and the economy halting, a lot of people seem to have forgot about earnings. Knowing earnings...
The correlation between the African Rand and USD ( FX:USDZAR ) is super strange. During both the 2008 and 2016 crisis, we saw the African Rand pump an average of about 50%. Coming into 2020 we see the rand up about 35% with an expected 15-20% move up inbound. Do not trade this, this is my personal take on this and well... I definitely wouldn't take a 19 year old...
Taking another look at FX:USDCAD , we see we had a successful breakout back toward the beginning of March. Following the first part of this read, you'd be sitting up about 4% at time of update.
Looking at the currency's is always interesting especially at a time like this. I hope everyone is healthy and safe.
DotcomJack (Easy Loot Member)
ETH is looking so beautiful, just look at it... If for some reason I wasn't entered yet, I'd personally wait for the breakout of the green line.
Refer to updated idea below to view double bottom.
DotcomJack | NOT your financial advisor