ENJ chart looking so ripe! Let's get into the chart straight away!
Pattern: We can observe that a MASSIVE bullish falling wedge is forming and ENJ has been retracing for the past 3 months (in crypto world, it feels like forever) and has finally finished its retracement at the 23.6%.
Indicators:
MACD: Bullish and great momentum building up
RSI: Still have so...
ENJ BTC - Ready for the inversion of the trend?
ADX - Going in +20 and +D1 near to cross the line.
MACD - near to crossed
STOCH RSI - over 80.00.
Last red candle don't breaking the lower bollinger band.
Maybe that the inversion in this 45minutes frame.
SBS indicator signaled BUY
BUY - at the breakout of the tend line (White)
Targets are on the chart
Target 1 is for scalping
SL -5% of Buy-in or below last support
ENJBTC weekly chart pattern forming Butterfly harmonic pattern.
Target listed for Leg C with 170% profit. Please note that pattern may take a while to reach targets based on BTC coin price actions.
ENJ has been evolving in a downtrend materialized by a descending channel since March 9. The wedge broke out on June 2 and ENJ is now in an accumulation phase.
Buy : current price
T1 : 2150
T2 : 2803 ( 23.6% Fib )
T3 : 3492 ( 38.2% Fib )
Stop : < 1650
You may sell 33% of your position at each target and move your stop loss to breakeven once T1 is reached
$ENJ Accumulation happening over support at ~1850 sats, volume is really low which lead me to think the sell pressure is over
UCTS Buy signal flashing on the 1D chart
Both MACD & RSI showing bullish divergences, signalling potential reversal from here
stay alert.
#ENJ
ENJ/BTC!
Day Chart Pattern: Ascending Triangle
Daily Trend: Upsloping Bullish Trend
Possible trend: Bullish
Divergence: Hidden Bullish Divergence on
4 hour Chart
Candlestick Pattern: None
Volume: Low
Time Frame: Day Chart
My Targets: Probability can change.
Reward to Risk: 2/2
Possible Entry: What I'm looking for:
.00001892 - .0001976
Resistance needed...
200MA acts here as a support level. Price action below this would be make this trade invalid.
Details regarding entry and exit are on the chart.
Greenbox would be a good buyzone.
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