Enjin - Rocky Mountain High
Good morning! Charts are looking good for Enjin. It's bags are packed and it's ready to go rocky mountain high. Enjin however has a very difficult ascent from the get go. It's got to get through this heavy resistance area (noted in the red band) in order to climb quickly. This will require a volume push. Hoping with this bit of volume we can gain enough momentum to run up towards that heavy resistance level it ran into during the last major spike. Pack your bags and enjoy the ride!
Again the top of that red band could push the price back down. Could sell Short Term Target @ 850 and catch the retrace. If it breaks through you can always buy on the other side.
Time Frame: Short/Mid Term
T1: 895
T2: 975
T3: 1070
T4: 1150
Current Price: 810
Stop Loss: 745
May your stacks see blue skies and brighter days!
Cheers!
CK
Caution: Always watch BTC movements as it can invalidate alt trades with the snap of a finger. Always remember to use a stop loss to protect you from this situation. Rather than setting sell orders you can use such applications as Trading View or Tab Trader to set alarms that the price action is approaching targets.
Disclaimer: Trade at your own risk. This is not financial advice but rather for educational purposes and technical analysis .
Again the top of that red band could push the price back down. Could sell Short Term Target @ 850 and catch the retrace. If it breaks through you can always buy on the other side.
Time Frame: Short/Mid Term
T1: 895
T2: 975
T3: 1070
T4: 1150
Current Price: 810
Stop Loss: 745
May your stacks see blue skies and brighter days!
Cheers!
CK
Caution: Always watch BTC movements as it can invalidate alt trades with the snap of a finger. Always remember to use a stop loss to protect you from this situation. Rather than setting sell orders you can use such applications as Trading View or Tab Trader to set alarms that the price action is approaching targets.
Disclaimer: Trade at your own risk. This is not financial advice but rather for educational purposes and technical analysis .
Disclaimer
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