General Guide:
1.) Anything above price is a resistance, anything below is support.
2.) Proceed with caution when taking a trade based off of this chart.
3.) Make a copy of it to watch it in real-time. Click the share button, then "Make it Mine"
4.) It is very risky to set limit orders, I advise you to set alarms and when it hits, check how it reacts.
5.) Watch...
The price is testing the dynamic resistance on the daily timeframe after the price bounced on the daily support close to 0.786 Fibonacci level.
Right now the market is testing the weekly resistance as new support.
How to approach?
IF the price is going to have a breakout from the daily resistance, we could see a bullish impulse until the next resistance around...
ENJBTC is testing the daily resistance inside a pennant. IF the price is going to have a breakout, According to Plancton's strategy (check our Academy ), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure...
$ENJ
Looking strong after the R/S flip over ~2800 sats level
UCTS signalling a 1D Buy (usually strong) and now pushing up w/ increasing volume
Aiming for ~3700 sats as next important level from here
#ENJ
As you can see it the chart, ENJ has a long side way of accumulation zone with btc pair. Last peak of ENJ/BTC is at Mar2019 and try to break resistance again at Apr2021 but both are fail.
Now, We have a first green weekly candle that can stand above resistance (5200 satoshi). (First time)!!!
Metaverse, Gamefi and NFT is a mega trend now and enjin team always...
I have found two examples on the chart using Gann that portray a prior resistance turned support
This is a common price action feature
Also as price has consolidated above (8/1) I see a bigger Moonshot coming
As shown by the bars pattern and the rough sketch of how the indicator may evolve
👉 The ENJ Price Perfectly Pullback Above The Previous Trend Line ,At The Moment 5900 Sat Is a Important Area ,If a Price Breakout From This Level New ATH Will Be Predictable
ENJ is an amazing project and always holds great potential. I expect a 50% rally from here. You can hold this coin on spot as well as margin.
Entry: 2946 to 3088 sats.
Stop Loss: 2691 sats
Targets:
3472 sats
3975 sats
4318 sats
4766 sats
If you are holding this on spot then accumulate every dip but slowly and if you are using margin then use SL.
Note: This...
Enjin broke out of a consolidation triangle against $BTC. My targets are displayed on the screen based on the 0.618 fib, triangle breakout target and 1.618 fib. Thoughts about this?
