ENJBTC - Impending Breakout on News of New Exchange

업데이트됨

Zoomed in on the 30 minute interval shows ENJBTC with a recent breakout into a symmetrical triangle (Orange). This would be a continuation pattern that is more likely to break up again rather than reverse and down.

If you zoom out, you see ENJBTC is attempting to complete a the right shoulder of a rather lopsided inverse h&s pattern (Green) signifying a reversal of the greater downtrend. Exciting times ahead? I can't help but anticipate the news of being added to its second large exchange on Monday 4/9 will drive ENJBTC to complete this pattern. Whats next? Possible target breakout range between 0.00001900 and 0.00002500 range.

노트

Finding resistance at the neckline, pattern is not complete without a breakthrough and all we need is some volume. If the breakthrough is confirmed, look to anticipate some resistance at 0.00001600 from most recent peak to peak trendline which would be the last trendline of resistance. Thereafter, anticipated resistance would be found at past peaks, so first up would be 0.00001750 and fib retracement levels so around 0.00001820.

노트