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.
Penafian
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