ENJIN 45min Outlook/Triangle breakout confirmation
Updated
Hi guys.
ENJ in one of the projects I have been following for quite some time, and it gave good results, so i think this is just a far signal to share with you.
The breakout of the triangle was seen on a one hour outlook while the markets were retracting and started recovering, and now we are seeing a confirmation on 45min chart, but still yet there is an overall bearish pressure on the market, so I suppose that we will see a more volatile move, but the overall structure on the chart is bullish both short term and mid term.
TP 1 is 2.2 usd, TP. 2 is 2.4. and TP 3 is 2.4 usd. SL should be bellow the middle line of the triangle formation, or the red line to give it a bit more space, although this is a spot signal not a futures signal.
Not a financial advice of course, DYOR!
Good luck!
Will update on the outcome.
ENJ in one of the projects I have been following for quite some time, and it gave good results, so i think this is just a far signal to share with you.
The breakout of the triangle was seen on a one hour outlook while the markets were retracting and started recovering, and now we are seeing a confirmation on 45min chart, but still yet there is an overall bearish pressure on the market, so I suppose that we will see a more volatile move, but the overall structure on the chart is bullish both short term and mid term.
TP 1 is 2.2 usd, TP. 2 is 2.4. and TP 3 is 2.4 usd. SL should be bellow the middle line of the triangle formation, or the red line to give it a bit more space, although this is a spot signal not a futures signal.
Not a financial advice of course, DYOR!
Good luck!
Will update on the outcome.
Trade closed: target reached
2.2 usd TP is hit, smooth play.Take at least 50% profits here and leave the rest to ride to 2.4, which should start playing out basically now.
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