ENJUSD formed bullish Shark a good long opportunityPriceline of Enjin Coin / Tether US cryptocurrency formed a bullish Shark pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.06067 to 0.05924
Sell between: 0.06229 to 0.06551
ENJUSDT
ENJUSDT has formed a bullish BAT | Upto 14% expectedThe price action of Enjin Coin / Tether US has formed a bullish BAT and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
The D leg is retraced between 0.786 to 0.886 Fibonacci how ever I have started the buying zone form 0.618 to 0.886 Fibonacci.
RSI is moving up from oversold zone.
I have used Fibonacci sequence to set the targets:
Buy between: 0.06224 to 0.05888
Sell between: 0.06313 to 0.06752
Regards,
Atif Akbar (moon333)
ENJ/USD - Action without vision is a nightmare!Hi, today we are going to talk about Enjin and its current landscape.
On Enjin we observe a couple of days ago, that a pullback was made next to and important support this bullish setup gained traction and broked the Downtrend Line above. The next strong zone of defense of the bears is at the level of 61% of Fibonacci Retracement. However, stay careful with Bitcoin (₿), because if he loses the current support that it's near, could transform the altcoins party in a real nightmare.
Thank you for reading and leave your comments if you like.