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.

Kommentera:

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 :)

Kommentera:

Ps: Confirmation with a 4h candle. Thats important.