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ENJBTC retrace watch: Enjin pullback zones of interest

4 293
Enjin had quite a run, and is probably not done yet imo.
But it needs a retrace for profit taking and re-engaging bulls.
Green zones are Fib Confluences that should cause a reaction.

Extreme caution with these new coins and suddent hype.
But Samsung support and use in games is very bullish sign.
For me these are not hodl buy zones, just scalp zones.
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Here we are at the first sliver of support スナップショット ok bounce, but the fibs were pierced so that first support is probably drained now. Looking for next support around 4600-4667 zone

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Approaching the minimum expected retrace poinst スナップショット

Zooming in and addig EW count plus a fib to recent leg down スナップショット It is possible that the ABC correction is done. It has the requisited 5-3-5 wave substructure, and the Fib of wave C shows 3.618 bounce which can sometimes end a wave. But I think we are still leaning for the 4.236, the most common wave-ender.

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Here we are at the support zone as expected スナップショット watching closely.

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Decent bounce thus far スナップショット
ノート
Here we are at the "Likely" retrace point expected スナップショット

Zooming in we see the EXACT reaction at fib confluence expected スナップショット now bulls need to break free of this micro fib and start a new one, otherwise we will see more down.

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