BilimNehri

New trading idea ENJBTC

Long
BilimNehri Updated   
BINANCE:ENJBTC   Enjin Coin / Bitcoin
ENJBTC is in a triangle for 11 days and it appears that the journey is ending today in a positive way if it can close a candle above that triagles upper bound ( 1174 sat)
first target is 0.618 fib level 1214 sats
second target is 1.0 fib level 1460-70 sats
third one is 1.618 fib level 1881 sats
In my previous analysis about ENJ i spotted a nearly perfect chart pattern but FUDs about MATIC caused a trading anomaly that effected all raising coins.
And i said that it will take a while to recover the losses. I believe that this recovery near.

Thank you all for stopping by and reading my ideas. DYOR always. This is just an idea NOT an advise.


Trade active:
target 1 reached. Trade active.
Comment:
6 hours ago volume at Binance was 200BTC now it is 400BTC. This is a good sign and imagine that volume is 3000BTC+. Easy gains
Trade active:
nicely bounced back up from the triangle's upper segment as predicted. volume is raising 730BTC+ now at binance
Comment:
if we look at it from a broader perpective (weekly chart) ENJBTC run started by the crossing over weekly 25MA (bluish color) and went to weekly 50MA( orange color).
After a healty pullback right under 100MA , this week the pair is trying to cross over weekly 100MA (red color). After breaking it up , next target is 1880-1900 area which is also fib 0.236 level of previous bullrun of the pair.
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