$ENJ/USDT | 4H |
🗺 Market Situation
Seems we are dealing with an (ABC) pattern after a nice breakout above the descending trendline.
🕯 Outlook
The current price action strength and the ranging activity is hinting us that wave (a) is already over and market makers are buying time to finish wave (b).
⚠️ Key Level
Highlighted pullback area is where we expect wave (b) to end. Keep in mind that the quality and extension of pullback to the top and bottom of the box should be considered in your risk management calculations before wave (c) starts.
LINK IN BIO FOR MORE TRADES 🆓
#ENJ #Enjin #EnjinCoin #CMC
🗺 Market Situation
Seems we are dealing with an (ABC) pattern after a nice breakout above the descending trendline.
🕯 Outlook
The current price action strength and the ranging activity is hinting us that wave (a) is already over and market makers are buying time to finish wave (b).
⚠️ Key Level
Highlighted pullback area is where we expect wave (b) to end. Keep in mind that the quality and extension of pullback to the top and bottom of the box should be considered in your risk management calculations before wave (c) starts.
LINK IN BIO FOR MORE TRADES 🆓
#ENJ #Enjin #EnjinCoin #CMC
