#Crypto #Enjin - Ascending triangle - Long opportunity
Looking at Crypto. There is a nice ascending triangle forming in Enjin against USDT. With a price of 0.30 as entry and target 1 as 0.38 it would be a nice little 26% pickup with no leverage people.
I would put a stop around that 0.2790 level
In this market you need to minimise your downside
Price = 0.3066
Target = 0.38 then re-evaluate based on RSI when you hit it
RSI = 52 so hovering above that 50 range.
Volume is tailing off as the ascending triangle forms.
STO is 52 as well and looks ready to bounce up.
I would put a stop around that 0.2790 level
In this market you need to minimise your downside
Price = 0.3066
Target = 0.38 then re-evaluate based on RSI when you hit it
RSI = 52 so hovering above that 50 range.
Volume is tailing off as the ascending triangle forms.
STO is 52 as well and looks ready to bounce up.