LiamBlumeris

Potential Gartley pattern ?? or 5th EW wave ??

Long
BINANCE:ENJBTC   Enjin Coin / Bitcoin
ENJ has retraced back to the 0.618 and had a nice bounce

Confirmed reverse?? I don't know yet.

In the coming days we will know what this is but I would like to bring up a potential EW still ??
Because the 4th wave overlapped with the 1st wave this sort of falls away.
However, because of BTC's recent pump that could disrupt the clarity of the graph and count I wouldn't totally disregard a potential EW
I heed caution with the EW, however if good news comes ( regarding samsung, binance chain and any good NDA's in the pipeline) we could see a new ATH

Trade carefully here.
Still some good profit to be made

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.