MOITA and Enjin Coin Elliott Wave Analysis: Be Aware Of Bearish Reversal

in elliottwave •  3 years ago 

IOTUSD is still sideways, but with new and probably final intraday recovery, we see it clearly finishing a bearish triangle pattern in wave B, so watch out for that wave C sell-off towards projected strong 0.30 support level soon.
IOTUSD 4h Elliott Wave Analysis

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ENJUSD is also in an intraday recovery mode, but we see it as a three-wave A-B-C corrective rally within a higher degree wave (B), so watch out for another sell-off for wave (C) towards projected 1.50 – 0.75 support area before bulls show up again.
ENJUSD 4h Elliott Wave Analysis

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