Analysis to come
Thoughts on my analysis of the ENG/BTC charts using the Ichimoku Kinko Hyo technique. As you can see in the chart the Chinkou crosses upwards and then later looks as if it could again which is a good signal. The Kiju Sen and Teka Sen look like they might cross which is a good signal. The cloud has thinned out giving little resistance for the price to break...
This is one of the few coins that I am long term bullish on. Market cap is still relatively low for a coin that can unlock billions in value across multiple industries. Expecting the bullish price action to really ramp up once the Bitcoin markets rebound. Technical Analysis: Long term trend: Bullish Currently sitting on support within the buy zone Fundamental...
In short term if the low resistance is not broken we could buy at 0.00046- 0.00049. Setting stop loss at 0.00043. Targets 0,00062-0.00064. Could be a nice profit in a one day trade. Rsi Looks good and DMI Looks good too in the 5 minutes chart, and this is a short-term trade. Im really newbie, Just two months and this is my first post. Please share your ideas...
Very nice uptrend. To confirm this, we need to break the 46221 resistance.
- FORMING HEADS AND SHOULDERS FOR POTENTIAL REVERSAL PATTERN - EXPECTING PRICE ACTION IN ABOUT A DAY OPENING SHORT AT 0.00027274 TAKE PROFIT 1 AT 0.00018057 TAKE PROFIT 2 AT 0.00006906 STOP LOSS AT 0.00034261 GOOD HUNTING FELLOW TRADERS. TRADE SAFELY. And now for the disclaimer! ** This information is for educational purposes only and is not advice for trading **
Enigma seems to have completed a whole Elliot wave sequence and has just begun another. Wave 4 in the 1st sequence aligning perfectly with the C wave correction. Wave one and two appear to be completed and it now seems to have entered wave 3. I am new to chart reading so take my information with a grain of salt and don't invest on solely this information. Any...
Not an expert, just learning how to use Fib tools. I think the commentary explains what I'm seeing here. I am looking for critique on my methodology. I am least certain about the point B on the Elliot correction wave, but I don't assume it would extend beyond that and form a head and shoulders - which would signal trend reversal. I'm looking for the correction...
-- ENIGMA -- TD Sequential 9 Green candlestick showing a potential reversal. Good luck, happy trading.
Looking at the charts of enigma shows you a perfect buying opportunity. With the coin already being tenfold compared to 3 weeks ago, enigma does not show any sign of stopping. It is a contract based coin trying to solve privacy and scalability issues. Buy in: 35000 - 46000 First Target: 83000 Bullish signals from MACD, Stoch and DMI!
ENG has completed its signature bear pendant, and has now hit the bottom restraint identified in light blue. Next test will be top restraint, which will test the strength of the bulls - if we return to the light blue line, this could indicate a reversal and an upward move over the next few hours. However, a more consolidated uptrend below the previous lower...
Quick sketch to suggest that ENG may now fall below its restraint around 3350-3370 depending on descent of the current downtrend. Descending triangle, and the lack of push in previous points of the triangle would suggest the bulls have been exhausted for now and the bears will take over as we move into the afternoon. Opinion not advice.
Previous shrap price increases lead to retracement to 0.382 fib lines. Associated with large gap between EMA and 50 day SMA, and subsequent cross over. MACD pattern. Will increase again, may follow RSI for correction. Acc/Dist seems high. Price movement may be 3rd or 5th leg of Elliot impulse Difference of 357% and 227% price growth decrease by magnitude of...
Looks good on the 4H and Daily, too. I think they will catch up with the hourly. Volume incoming.
New to reading charts, noticed a double top forming on the hourly. I think the price will dip to what looks like previous support at around 40k sats then begin its climb upward towards the 70k goal.
Just started TA today with no background, decided to look at one of the coins I recently got into. Due to a recent partnership with LEND, ENG looks like it's gaining a little bit more traction. It saw a recent spike in price to 0.00054900 satoshis. I believe the next run could take it to 0.0007 sats or even higher, just a matter of time. If the trend continues it...
BITTREX:EDGBTC twitter.com It starting registration and to full start platform will be on 18th of January I see a consolidation under line, Think trend will be before 18.01.18