ENJUSD Symmetrical triangle nearing completion on 4H
ENJ USD looks very similar to many other crypto pairs right now, with a large symmetrical triangle forming on the 4H chart that's nearing completion. Looking for confirmation of direction on the move sometime in the next 24-48 hours.
Volume is declining and is very low right now, so a high volume breakout indicates a large move measured by the impulse from the bottom to the top of the triangle.
Bullish breakpoint looks to be around $2.62-$2.66, with a first target of $3.18, and a secondary target of $3.78
Bearish breakpoint will look for a 23-47% correction to the downside.
Volume is declining and is very low right now, so a high volume breakout indicates a large move measured by the impulse from the bottom to the top of the triangle.
Bullish breakpoint looks to be around $2.62-$2.66, with a first target of $3.18, and a secondary target of $3.78
Bearish breakpoint will look for a 23-47% correction to the downside.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.