Enigma has broken out of a (red dotted lines) and is now facing the very strong resistance marked as MA200 (black line on the chart). If ENGBTC can break and close above this resistance, we can expect additional action.
Let's take a look at the signals and see what we've got:
- is still very low, which isn't that bad in this case because there was already a break and close above EMA10 with no rejection, there was also low on the drop itself. So if the bulls follow up, we should start to see coming up now.
- There is a crossover.
- The is starting up and gaining momentum and it broke its downtrend (green dashed line).
- ENGBTC price retraced to the 100% Fib. retracement level. The last wave has been fully erased.
Another Binance altcoin pair that is setting itself up for some nice action in the near future.
Thanks a lot for reading.
This is Alan Masters... more to come...