Breakout on ENJIN COIN/USDT : DO NOT MISS !!!
Updated
Honestly, this is a pretty obvious BULL FLAG formation, traditionally formed before a breakout to the upside upon breaking the top line of the wedge.
As we can seen from the chart, 0.618 Fib level has been continuously tested ad validated as a major support line @ 0.15841 USDT. Now, ENJ COIN is looking to retest that line and I see a strong rebound to the upside of the wedge near 0.786 Fib level @ 0.166 - 0.170 USDT Regions and likely a breakout to LONG till 0.204 (1.618 fib level) and beyond.
As always. feel free to like and comment your thoughts on my post, I will really appreciate the support!
Remember to place stop loss orders and trade carefully = )
Regards,
GOL D ROGER
As we can seen from the chart, 0.618 Fib level has been continuously tested ad validated as a major support line @ 0.15841 USDT. Now, ENJ COIN is looking to retest that line and I see a strong rebound to the upside of the wedge near 0.786 Fib level @ 0.166 - 0.170 USDT Regions and likely a breakout to LONG till 0.204 (1.618 fib level) and beyond.
As always. feel free to like and comment your thoughts on my post, I will really appreciate the support!
Remember to place stop loss orders and trade carefully = )
Regards,
GOL D ROGER
Note
Looks to be extending/narrowing the tip of the descending wedge, wait patiently for a breakout soonNote
There we go, a breakout of the descending channel, remember the key is patience.Trade closed: target reached
There we go, a BREAKOUT OF DESCENDING WEDGE to hit 1.0 Fib Level
Related publications
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.