ENJUSD is bearish and currently being wedged down by the 200 EMA (black line). We are bearish until we break over the blue downtrend line.Steps to take:
- Buy on candle open/close above $1.83 resistance line OR at break of blue downtrend line OR multiple buy signals
- Should we dip down to the lower blue uptrend line that would also be a good buying opportunity
- Sell if candle open/close below current support line
Note
ENJ continues to search for its support base. Watch the lower blue uptrend line for an entry.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.