ENJ Possible Long Opportunity
Hi folks,
ENJ has been trending in an ascending channel for about 7 weeks now (from mid-March). The price (currently 0.194 USDT) is approaching the bottom of the channel trendline and could represent a good buy opportunity. Within the confines of the ascending channel alone, there is a circa 20% potential to the upside. 4hr RSI has had a chance to cool off from the recent gains and could be ready for a move back higher.
It may be time for a Long, with a tight Stop Loss.
This is my opinion only and does not represent investment advice. Please do your own research.
ENJ has been trending in an ascending channel for about 7 weeks now (from mid-March). The price (currently 0.194 USDT) is approaching the bottom of the channel trendline and could represent a good buy opportunity. Within the confines of the ascending channel alone, there is a circa 20% potential to the upside. 4hr RSI has had a chance to cool off from the recent gains and could be ready for a move back higher.
It may be time for a Long, with a tight Stop Loss.
This is my opinion only and does not represent investment advice. Please do your own research.
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