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Enjin Coin / Bitcoin

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ENJBTC trade ideas

(ENJBTC) looks so ripe! Massive falling wedge breakout? 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 much room upwards How to confirm the breakout?: Candle closes above the resistance trend line (~2000 sats) (refer Blue arrow). The breakout should occur WITH volume. Trading plan: Accumulate ENJ within the buy zone and wait for the breakout (if price closes above ~2000 sats). Buy range: 1850-1950 Target: 2066-2154-2281-2442-2730-2907 Stoploss (10% from entry): 1665-1755
Long
by alvinwr
1
ENJ/BTC! Ascending Triangle! 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 broken with candle close above .00002051 to continue to next target! Targets Can exceed or not meet expectation 1 .00002130 2 .00002218 3 .00002323 4 .00002524 5 .00002758 Stop Loss: Base on a Daily Candle Close. 1 .00001831 2 .00001756 next target if first stop loss support broken with a candle close Please remember to DYOR and this is not financial or investment advice. It's my targets for the market at this moment. Please let me know what you think of my technical analysis and thank you.
by DJ123