If you are waiting for a better dip, anywhere around $2.6 is your sweet spot. Although, it's always great to wait for a confirmation. For now, ENJ is heading down and should settle around its major support line as you can see on the chart. Whether this line is where we see a bounce back or not, really depends on its big siblings, BTC and BNB. AT the time of wiring this analysis, there is no immediate threat to those guys and ENJ should most likely continue it's upward trend after it tests $2.6 short term.
Comment:
I'm a bit concerned that we might not recover from this one. BTC looks bad! Let's see how the next candle (April 20th) is going to look like. If that turns green with higher volumes then there might be some hope. Otherwise, this is going to sink down to around $2 minimum.
Trade closed: target reached
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Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
