ENJ has put in a complex double / rounded bottom and broke above the short term upper trend line as well as local resistance level, with volume, possibly triggered because of the bullish golden cross of the 100 & 200 SMAs confirmed on 1HR TF.
For ENTRY - Look for a retest of fibs & local support levels. More bearish short term idea would be a possible retrace/retest of the rounded bottom pattern (but I wouldn't bank on that). ENJ can pump pretty hard, and with NFTs still in the news, I'm definitely bullish on short / mid term as alts start to take off again.
Don't forget to take profits though - like many alts, ENJ tends to put in these weeks long retrace/consolidations after/before pumps.
happy trades,
Crypto D
For ENTRY - Look for a retest of fibs & local support levels. More bearish short term idea would be a possible retrace/retest of the rounded bottom pattern (but I wouldn't bank on that). ENJ can pump pretty hard, and with NFTs still in the news, I'm definitely bullish on short / mid term as alts start to take off again.
Don't forget to take profits though - like many alts, ENJ tends to put in these weeks long retrace/consolidations after/before pumps.
happy trades,
Crypto D
註釋
sorry I cropped out the fib level numbers by accident! here's the chart w. numbers 註釋
Looks like it traded sideways and successfully bounced off the 2.02... No update from me on this yet
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