Bobbi78

Bobbi78 Updated 

Hi guys, its been some days. First in our ABC Pattern a falling wedge was formed. Enjin broke out to the upside. Apparently Enjin formed a rising wedge which it broke to the downside today. So I see 2 Szenarios: Szenario 1: Enjin finds support at the 0.68 Fib Level at around 1,90 - 2,00 Szenario 2: Enjin takes a bigger break to the 0.5 Fib at around...

Bobbi78 Updated 

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...

Bobbi78

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: 2,25...

Bobbi78 Updated 

Hi guys, short update. During the last hours a descending triangle has formed. Potential upside: 3,20 Potential Downside: 1,70 At the moment it looks like we break throw the bottom of the triangle. 1,70 would lead to the 0,5Fib of wave 1-3 - which is not bad and would be healthy after this run. But it would break the wave pattern and we won`t see the move to...

Bobbi78

So I did like 2 days ago an update about the current situation of Enjin. We saw Wave 3 completing at 3,08. I expexcted via Elliot Wave Theory the target at 3,01. Now we see the ABC correction (Wave 4). A found its bottom at 2,30. B found its top at 2,90. Now C is expected at around 2,08 due to Wave Theory, which leads wave 4 to a maximum of 0.5 Fib mark...

Bobbi78 Updated 

So for me it was very hard to see the comlete picture. I looked at several ideas and didn`t find it. Here is my view of Enjin: I think we saw wave 3 ending at $2.70. Its almost the 1.6 Fib mark of wave 1. I expect Enjin to retrace to about 2.10 (wave 4, 0,38 Fib level of wave 3 and lower trendline) which will lead to the final wave 5 ( apr . $3.10). It is also...