✳️ Enjin Coin Hits Bottom | How To Spot A Reversal
Enjin Coin is trading at its lowest price in almost three years, we can easily say that it hit bottom. What happens after hitting bottom is a swift recovery and there is high probability that this is exactly what we will see.
While ENJBTC is trading near bottom prices, the RSI has a reading of almost 60, which is really strong. Such a strong reading at the bottom is one of the most accurate signals for a reversal to follow.
There are many signals that can help spot a bottom/potential reversal, such as low bear volume on the last low or even a green close the same day a major low is hit.
Candlestick reading is great for spotting bottoms and trend reversals as well, just as the Renko charting system is used specifically to know the trend. All these are pointing towards bullish potential being strong.
➖ "Potential" because confirmation only comes after the event.
➖ Potential for growth can go beyond 100% in the short-term.
➖ Much more is possible if we consider the bigger picture.
Thank you for reading.
Namaste.
While ENJBTC is trading near bottom prices, the RSI has a reading of almost 60, which is really strong. Such a strong reading at the bottom is one of the most accurate signals for a reversal to follow.
There are many signals that can help spot a bottom/potential reversal, such as low bear volume on the last low or even a green close the same day a major low is hit.
Candlestick reading is great for spotting bottoms and trend reversals as well, just as the Renko charting system is used specifically to know the trend. All these are pointing towards bullish potential being strong.
➖ "Potential" because confirmation only comes after the event.
➖ Potential for growth can go beyond 100% in the short-term.
➖ Much more is possible if we consider the bigger picture.
Thank you for reading.
Namaste.
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