Chibuike_Odoh

ENJUSDT (ENJIN COIN) - UPTREND CONTINUATION

Long
BINANCE:ENJUSDT   Enjin Coin / TetherUS
ANALYSIS πŸ”Ž
- ENJUSDT got rejected off the ascending channel resistance.
- The market then retraced for a retest of the ascending channel support and 0.618 fibonacci retracement level.
- The retracement is resisted by the descending trendline resistance.
- There's an uptrend continuation possibility.

BUY ENTRY ⬆️
- Breakout above the descending trendline resistance.

TARGETS 🎯
- Horizontal resistance level (R1).
- Horizontal resistance level (R2).
- Fibonacci extension levels.
- Ascending channel resistance.

SETUP INVALIDATION ❌
- Breakdown below the ascending channel support.

Comments

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