ENJUSDT Daily Timeframe Analysis
I find price to be in Nested Wedge Patterns.
You can see two wedges on the chart. Bigger Wedge is more important as the Mid point of the Bigger Wedge and Intial Point of the Smaller Wedge are coinciding so they mark a important support level.
Price usually respect the mid-point of any wedge before any reversal or resumption.
Breaking below the Support will give us downtrend for months and breaking above the minor range at support is likely to give another test to top of the Wedge.
Plan you trades only if the price is breaking any of the levels mentioned above. Probability is what you should look for while trading alts.
You can see two wedges on the chart. Bigger Wedge is more important as the Mid point of the Bigger Wedge and Intial Point of the Smaller Wedge are coinciding so they mark a important support level.
Price usually respect the mid-point of any wedge before any reversal or resumption.
Breaking below the Support will give us downtrend for months and breaking above the minor range at support is likely to give another test to top of the Wedge.
Plan you trades only if the price is breaking any of the levels mentioned above. Probability is what you should look for while trading alts.
