EnjinCoin (ENTBTC) looks ripe for another nice move upwards.
Price already jumped a staggering 82% on 28 Sept and has been gracefully retracing back to support ever since and is now resting just above the Fib 50% level, which is also a previous support/resistance level AND is just above the daily 20 EMA. That's some pretty good support. Price is narrowing in on the triangle and we're likely to see a breakout of the triangle fairly soon.
Reasons for taking this Trade
Trade Management
Exchange: Binance
Entry : 780 - 825 sats
SL: 710
TP: 1283
Good luck and trade safe!
Price already jumped a staggering 82% on 28 Sept and has been gracefully retracing back to support ever since and is now resting just above the Fib 50% level, which is also a previous support/resistance level AND is just above the daily 20 EMA. That's some pretty good support. Price is narrowing in on the triangle and we're likely to see a breakout of the triangle fairly soon.
Reasons for taking this Trade
- Retest of support/resistance level
- Daily 20 EMA support
- Fib 50% level
- Stoch RSI close to switching upwards
- Low volatility above should make target easy to reach with good risk to reward
Trade Management
Exchange: Binance
Entry : 780 - 825 sats
SL: 710
TP: 1283
Good luck and trade safe!