ENJ - a trend line has been formed, but a large volume has come
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Bitcoin has broken its local trend line, big volume appeared at the top and this is not a good signal. Therefore, there are several market scenarios to consider now.
There is a trend line on the ENJ chart, the price is testing the trend line for the fifth time, with each test the resistance is weakening and a breakout might come soon. I don't like that the ENJ also has a big volume on the top.
In case of a breakdown of the trend line, there could be a good buying opportunity. In case of a false breakdown a good opportunity to sell.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
There is a trend line on the ENJ chart, the price is testing the trend line for the fifth time, with each test the resistance is weakening and a breakout might come soon. I don't like that the ENJ also has a big volume on the top.
In case of a breakdown of the trend line, there could be a good buying opportunity. In case of a false breakdown a good opportunity to sell.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Nota
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