ENJ seems to be bottomed out of the falling wedge, as teh ABCDE correction seems to be done.
It has very strong support lines, and with the upcoming new exchange list on the 9th of April, I think it has good potential to break out of the falling wedge and initiate a bullish flag.
BTC has broken through the $7.5k support with ease.
Next support is at $6500 and $6100-$6200 area.
While its currently too early to tell, a potential reversal head and shoulders pattern is being formed on BTC. Time will tell us if its the case.
My advice: If you want to trade on BTC, wait for the right shoulder to form and see if there’s enough volume for a...
BTC is currently showing bullish patterns again.
There are signs of a head and shoulders pattern, which is unconfirmed yet.
It will be interesting to see if BTC manages to break through the first descending resistance line.
If so, the head and shoulders scenario will become less likely on short term, but not competely unlikely, especially in long term.
For now,...
The price has broken the descending resistance.
If the market keeps up, we'll likely test the fib resistance at 0.00077
As the market is very unpredictable right now, we may see a pullback again.
Keep watching BTC closely.
![ENJBTC: ENJ potential breakout [BTFD]](https://s3.tradingview.com/l/LvYFDRjf_mid.png "ENJ potential breakout [BTFD]")
