Enjin coin is in the third wave when you look daily chart (but it is not finished)
Undoubtedly a new up trend will begin, but we are not sure whether the correction wave is over or not.
I expect this correction wave goes up from one of the blue support boxes. EMA 50(daily chart) and EMA 200(4h chart) are shows the same area.
There are three scenario which is shown with path lines.
According to daily chart we can find two targets (pink boxes).
4h chart shows a continuing cycle which is going to start the fifth impulse wave.
As you see, the 4h and daily targets are almost the same. and also the channel confirms us.
Undoubtedly a new up trend will begin, but we are not sure whether the correction wave is over or not.
I expect this correction wave goes up from one of the blue support boxes. EMA 50(daily chart) and EMA 200(4h chart) are shows the same area.
There are three scenario which is shown with path lines.
According to daily chart we can find two targets (pink boxes).
4h chart shows a continuing cycle which is going to start the fifth impulse wave.
As you see, the 4h and daily targets are almost the same. and also the channel confirms us.