ENJUSDT (ENJIN COIN) - UPTREND CONTINUATION 做多

Enjin Coin / TetherUSBinance

描述

⋅ Feb 17, 2021 7:56 AM

ANALYSIS 🔎
- 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.