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ENJ/USDT bullish horizon? 👀 🚀 ENJ Today analysis💎 Paradisers, direct your attention to ENJUSDT as it showcases a captivating trajectory within the demand zone, suggesting a heightened likelihood of an upward trend. 💎 ENJ is consistently demonstrating robust momentum above the em100, further bolstering its potential for an upward journey. A notable resistance awaits at the supply level of .2410. 💎 Surpassing this threshold amplifies the probability of challenging a more formidable resistance. However, if the market presents a significant rejection and the price doesn't surpass the previous high, there's a chance for a bullish continuation from the current demand level. 💎 A breach below this demand zone could tilt the balance towards a more pronounced downward trajectory.
Long
by MyCryptoParadise_Simon
1
#DYDXUSDT's Extended Pullback Offers Opportunities💎 Back in January 2023, a significant event took place in the #DYDXUSDT market. The price broke above a seven-month range zone, indicating the emergence of a new long-term trend. However, since then, we have witnessed a consistent decline in price, which can be seen as an extended pullback. Despite this, recent price action in #DYDX presents several signals suggesting that the correction phase may have reached its conclusion. 💎 Firstly, on June 10th, there was a notable bounce off the downtrend trendline, which has been acting as a reliable support level. This bounce signifies the strength of this trendline as a crucial level of price support. Additionally, over the past week, price movement has hovered around the 50% Fibonacci support level at $1.762, where we also witnessed a clean bounce. Maintaining a daily closing price above this Fibonacci support becomes essential for the potential realization of a significant price increase. 💎 The key supply zone for #DYDX lies between the 78.6% and 88.6% Fibonacci retracement levels, offering an enticing upside potential of up to 87% growth. As always, the MCP team will diligently monitor the current support level for a potential breakout. Should the breakout occur, it would invalidate the bullish scenario, and #DYDX is likely to continue its descent, potentially testing the demand zone near $1.3. Stay informed and prepared, Paradisers, as MCP team is committed to providing you with timely updates and valuable insights to assist you in making informed trading decisions. 🌴
Long
by MyCryptoParadise
1