FieryTrading

๐Ÿ”ฅ ENJ Potential Bull Flag Break-Out

ืœื•ื ื’
BINANCE:ENJUSDT   Enjin Coin / TetherUS
ENJ has seen some tremendous gains over the last couple of weeks. After a bullish break-out of the last bull flag last week, ENJ has produced another bull flag over the last few days. With the current bullish pressure, ENJ might very well break-out from said flag and continue its path upward.

Before entering this trade wait for the price to close above the Entry line. Higher time frames yield a higher predictive power.

On the chart Iโ€™ve marked two potential areas of resistance, R1 and R2. These areas are based on round numbers, 2.4 and 2.6 respectively. Do your own due diligence.

Happy trading!

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