ENJBTC - Bullish Triangle Setup
May 12, 2021
ENJ has been in a consolidation pattern with respect to Bitcoin. Now, we are in a position to break the consolidation triangle structure. Given that I believe the lower structure will hold, we seem to have two choices, either ENJ will do a clean break and gain bullish momentum swiftly, or it will enter another consolidation range and then have an explosive move upwards.
Regardless, it is an interesting entry point.
Not financial advice.
Peace!
ENJ has been in a consolidation pattern with respect to Bitcoin. Now, we are in a position to break the consolidation triangle structure. Given that I believe the lower structure will hold, we seem to have two choices, either ENJ will do a clean break and gain bullish momentum swiftly, or it will enter another consolidation range and then have an explosive move upwards.
Regardless, it is an interesting entry point.
Not financial advice.
Peace!
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