ENJBTC retrace watch: Enjin pullback zones of interest

١٠ مارس ٢٠١٩

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.

١٠ مارس ٢٠١٩

ملاحظة

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

.

١٠ مارس ٢٠١٩

ملاحظة

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.

.

١٠ مارس ٢٠١٩

ملاحظة

Here we are at the support zone as expected watching closely.

.

١٠ مارس ٢٠١٩

ملاحظة

Decent bounce thus far

١١ مارس ٢٠١٩

ملاحظة

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.

.