Cập nhật

ENJBTC retrace watch: Enjin pullback zones of interest

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.

Ghi chú

Here we are at the first sliver of support

ok bounce, but the fibs were pierced so that first support is probably drained now. Looking for next support around 4600-4667 zone

.

Ghi chú

Approaching the minimum expected retrace poinst

Zooming in and addig EW count plus a fib to recent leg down

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.

.

Ghi chú

Here we are at the support zone as expected

watching closely.

.

Ghi chú

Decent bounce thus far

Ghi chú

Here we are at the "Likely" retrace point expected

Zooming in we see the EXACT reaction at fib confluence expected

now bulls need to break free of this micro fib and start a new one, otherwise we will see more down.

.

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Ngoài ra, trên:

Thông báo miễn trừ trách nhiệm

Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

Ngoài ra, trên: