Long-term trend (ENJUSDT LONG)
* Long-term parallel channels on the weekly chart for both price and RSI.
* Cup and handle completing along the trendline from mid-cycle top to top of the mid-cycle consolidation phase.
* 21W EMA crossed above 20W SMA.
* If ENJUSDT holds above $2.18, preferably closing a weekly candle above this level, then this bodes well for ENJUSDT.
* If weekly RSI holds above mid-channel, then there is a decent probability that ENJUSDT will go into price discovery; if not, then ENJUSDT will probability reach previous ATH around Dec'21.
* All these are aligned to my wider BTCUSD thesis.
* Cup and handle completing along the trendline from mid-cycle top to top of the mid-cycle consolidation phase.
* 21W EMA crossed above 20W SMA.
* If ENJUSDT holds above $2.18, preferably closing a weekly candle above this level, then this bodes well for ENJUSDT.
* If weekly RSI holds above mid-channel, then there is a decent probability that ENJUSDT will go into price discovery; if not, then ENJUSDT will probability reach previous ATH around Dec'21.
* All these are aligned to my wider BTCUSD thesis.
Yorum:
Hmmm...breakout happened as per forecasted. However, attention on ENJ is still quite limited in Western media. It will be interesting to see how much more ENJUSDT will grow when the limelight really turns to it. There are fundamental reasons to revise initial forecast upwards.
