Enjin Coin / TetherUSMis à jour Enjin about to finish its correction?
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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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.