BINANCE:ENGBTC
BINANCE:ENGBTC
enigma.co Just posted to get head start. Less work later. Preliminary analysis and some fundamentals.
Following the strong buy short rally upwards, Enigma found the top at 56k sathoshi. The correction down followed and while the second wave ended, ENG/BTC found the support at 127.2% Fibonacci retracement level applied to the corrective wave up after the ascending channel breakout. However, currently, price found the resistance at 50% Fibonacci retracement level...
Nice support trend line from January, high probability long here in my opinion with good entry point right now. Stoch also has the room to turn up and 4H RSI turning up. Price bounced off the .786 retrace, primed and ready.
ENG I would watch and see if breaks above the solid blue line or break down below. A break below could get bad quickly. Keep an eye out and see which happens first.
ENG: Very great coin Fundamentally and have been waiting for it's correction to finish. RSI Very oversold. Macd Very low and histogram showing bullish divergence Buy : 200 - 250 satoshi T1: 330 T2: 390 T3: 450 T4: 555 T5: 650 No stops, very strong coin.
Enigma bounced nicely off BTCs 6k dip and rallied higher after that forming what looks like a nice impulse wave up. The count you see is my primary count i'll present my bear scenario as an update. Currently I believe we are in wave 2 down so a buy opportunity is presented to us. 4H MACD and RSI indicate we can expect more short term downside so a touchdown...
Observations ABC correction bounced at the 0.618 - 0.650 fib golden pocket territory. Impulse wave anticipated with wedge formation on Wave 2. If wedge breaks up with strong volume then impulse wave should continue upwards to respective waves. If wedge breaks down then we would possibly see an impulse wave failure and see if a WXY correction forms instead. ...
Dear traders, investors, and so on. There is a very clear ascending triangle on the Enigma 1H chart. Furthermore, volume looks good and RSI looks very reasonable. You are very welcome! Don't forget to like if you make some profits :)
Enigma has some positive fundamentals behind this chart. They will be presenting at Neo DevCon in a couple of days. Backed by a strong MIT team and a great vision. If it can charge through the Ichi cloud in the circled area, then we could see some strong growth. If it is rejected it will likely fall to hard support at the bold red line.
With a great project and team from MIT behind it, it is maybe a good entry point as it breaks the wedge and the resistance. In any cases it is a great long term hold coin.
Looks bullish. it can fail if BTC price falls. Keep your stop loss FYI: I am just a beginner. Do your own research before investing!
Price broke above the downsloping median line set signaling a change of behavior. Another median line comes into play defining price path to the upside. In case price retraces to retest the sliding paralle of the pitchfork we better watch for a buy setup completion. All the best, John
Saw a question on twitter about Enigma $ENG going to the moon and while looking at the chart I started to draw some lines and one thing led to another... I'm not invested in ENG but know there are lots of people interested in this coin so just wanted to share what I see on the day chart. possible downtrend started already. currently this could be a bull trap to...
ENG :) decentralized privacy coin. great previous bullish action, bright looking future you can see this nice beautiful descending wedge which price has respected and broke out of another reversal indicator was the RSI setting a higher low, while price set a lower low. this would have been an entry signal if you happened to be watching i'd expect a reasonable...
If you wanted to invest your money in enigma, its not the time for now. I think you should wait untill the ABC correction is over and buy-in at around 25000-26000