BTC/Enjin Coin (ENJ) possible long position
Updated
Take a look at the BTC/ENJ 2 hour chart. Over the last few weeks 3 wedge patterns have developed, each one ending with a bullish break-out to create the next one. Each time the wedge points slightly further down but the break-outs are similar. The break-outs coincide with announcements/events on the ENJ twitter feed. Their next event is on 16/09. I'm looking for five or six bullish candles and a break-out above the 0.00000720-730 mark. When that happens I think it could reach 0.000008 or 0.000009. Looking at the price action divergence with the RSI on the daily chart confirms that a bullish trend might continue.
Please let me know what you think in the comments section.
Please let me know what you think in the comments section.
Note
The uptrend started a bit later than expected, but target 1 is reached - 15% profit :)
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