Enjin about to see wave 4
Updated
So for me it was very hard to see the comlete picture. I looked at several ideas and didn`t find it.
Here is my view of Enjin:
I think we saw wave 3 ending at $2.70. Its almost the 1.6 Fib mark of wave 1.
I expect Enjin to retrace to about 2.10 (wave 4, 0,38 Fib level of wave 3 and lower trendline) which will lead to the final wave 5 ( apr . $3.10).
It is also possible that we see a retace to $2,30 but I find it unlikely since we have the trend channel and indicators want a stronger pullback. It will get more possible if the correction takes more time and goes more sideways. So be patient.
After wave 5 we will see a deeper correction. If things play out how I think they will, I`ll post an update about the following ABC correction.
This picture leads also to the fact that this 5 wave pattern is the first wave of the big big picture this bullrun.
I appreciate any other view. I am still learning :)
This is no financial advice.
Here is my view of Enjin:
I think we saw wave 3 ending at $2.70. Its almost the 1.6 Fib mark of wave 1.
I expect Enjin to retrace to about 2.10 (wave 4, 0,38 Fib level of wave 3 and lower trendline) which will lead to the final wave 5 ( apr . $3.10).
It is also possible that we see a retace to $2,30 but I find it unlikely since we have the trend channel and indicators want a stronger pullback. It will get more possible if the correction takes more time and goes more sideways. So be patient.
After wave 5 we will see a deeper correction. If things play out how I think they will, I`ll post an update about the following ABC correction.
This picture leads also to the fact that this 5 wave pattern is the first wave of the big big picture this bullrun.
I appreciate any other view. I am still learning :)
This is no financial advice.
Note
Since I made a mistake with the wave 3 goal (which was $2,99), wave 4 will retrace to 2,50 or 2,25 to push in Wave 5 to $3,50.
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