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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.