Enjin about to finish its correction?
Updated
Hi guys,
in the previous Idea I mentioned that Enjin didn`t finish the correction.
After some days a falling wedge has formed.
The peak of the wedge is the Fibonacci-target of Wave C at around 2,00.
As always, wait for a retest of the wedge if a breakout happens, before going long.
Targets for long position are 3,30-3,70.
This is not a financial advice. Do your own research.
in the previous Idea I mentioned that Enjin didn`t finish the correction.
After some days a falling wedge has formed.
The peak of the wedge is the Fibonacci-target of Wave C at around 2,00.
As always, wait for a retest of the wedge if a breakout happens, before going long.
Targets for long position are 3,30-3,70.
This is not a financial advice. Do your own research.
Note
Since the "almost" breakout yesterday my Wedge in 4h Chart is not very accurate anymore.Following an updated 1h Chart:
Keep in mind that things like yesterday are the reason why we wait for breakout confirmation :)
Note
Ps: Confirmation with a 4h candle. Thats important.
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