In our last Enjin coin analysis, we talked about how the price could go up to $6 dollars.
Today we will be talking about higher targets in our re-analysis.
Visit the previous analysis for inights(will also be linked below)
As we can see, price action is in a large ascending channel, one which price has continuously respected on each touch
Currently in a larger degree ABC correction wave (wave 4 correction wave) we can see that price hasn't yet touched the 0.618 fib level of our wave AB, which should be the first step to determining which type of correction we're currently in.
Wait for price to come back down to the .618 region before making any buys, and wait for the touch of the channel support before going long.
If you agree leave a like and share your thoughts and views in the comments.
Feedback is always appreciated.
Today we will be talking about higher targets in our re-analysis.
Visit the previous analysis for inights(will also be linked below)
As we can see, price action is in a large ascending channel, one which price has continuously respected on each touch
Currently in a larger degree ABC correction wave (wave 4 correction wave) we can see that price hasn't yet touched the 0.618 fib level of our wave AB, which should be the first step to determining which type of correction we're currently in.
Wait for price to come back down to the .618 region before making any buys, and wait for the touch of the channel support before going long.
If you agree leave a like and share your thoughts and views in the comments.
Feedback is always appreciated.
