falling wedge pattern detected in 4-Hour TF
In 4-hour time frame we can see perfect falling wedge pattern that may break any time. There is high chance of breaking the channel in upper direction but still not confirmed, so it's a good idea to wait for breakout and confirmation.
Condition: If 4-hour candle close above the 0.4644 we can go for long with pilot entry. Our second entry will be at the retest of the level.
Remember, at this time BTC is trading around 19000$ level which is a decent support and BTC may move up after opening of global market on Monday.
If BTC will consolidate here or move up in upside, we will see a good movement in the ENJ/USDT pair.
Once the entries are filled, place the SL at 0.4520
In 4-hour time frame we can see perfect falling wedge pattern that may break any time. There is high chance of breaking the channel in upper direction but still not confirmed, so it's a good idea to wait for breakout and confirmation.
Condition: If 4-hour candle close above the 0.4644 we can go for long with pilot entry. Our second entry will be at the retest of the level.
Remember, at this time BTC is trading around 19000$ level which is a decent support and BTC may move up after opening of global market on Monday.
If BTC will consolidate here or move up in upside, we will see a good movement in the ENJ/USDT pair.
Once the entries are filled, place the SL at 0.4520