I see a low risk, high reward trade setting up here for ENJBTC.
Reasons for the trade:
Patience will be rewarded.
Reasons for the trade:
- Full retrace completed. Support/accumulation zone established.
- Divergences in histogram, Willy and OBV.
- Double bottom market structure formed on daily.
- Huge VPVR void that needs filling. Once the POC @ ~917 is cleared, price will move quickly.
- BTC dominance chart looks topped, I'm predicting capital to flow back into altcoins over the next few weeks.
Patience will be rewarded.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.