Hi Guys,
in my previous idea I thought we are done with the ABC correction.
After Enjin looks a little weak after the little breakout yesterday, I took a deeper look on the formation.
Here are my thoughts:
We saw Wave A (5 Wave) and Wave B (3 Wave) and are now into the Wave C movement, which will also be a 5 Wave move.
Wave C can bring us to:
At around 2,20 we have the 20 Day MA which can be a potential support.
Be patient as always.
This is no financial advice. Do your own research.
in my previous idea I thought we are done with the ABC correction.
After Enjin looks a little weak after the little breakout yesterday, I took a deeper look on the formation.
Here are my thoughts:
We saw Wave A (5 Wave) and Wave B (3 Wave) and are now into the Wave C movement, which will also be a 5 Wave move.
Wave C can bring us to:
- 2,25 (endpoint of Wave A)
- around 2,00
- up to 1,50
At around 2,20 we have the 20 Day MA which can be a potential support.
Be patient as always.
This is no financial advice. Do your own research.
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