Let's look at it differently for Enjin Coin.
We have the same lower low vs higher low situation described in previous trade ideas; The candle wick, June '23 vs Dec '22, ended in a lower low while the candle closure is higher.
And we made sure to mention that the candle closure, the daily/session close, is more important/relevant than the candle wick. Since we have both, a lower low and a higher low, the higher low is more important.
The candle/session close is marked with the dashed line.
The candle/session high/low is marked with a full line, this is true on all my trade ideas.
But we will look at ENJUSD differently.
Notice January 2023, ENJUSD moved above EMA10/21 and a bullish wave followed, we are in the same situation today.
After a very strong correction ENJUSD is back above these two levels, EMA10/21 and we can expect another bullish wave.
Spoiler alert, I've opened a trade with leverage on this signal... I believe it will grow.
Thank you for reading.
Namaste.