I'm not so sure about this one. You could say it's an...enigma ;D
Analysis to come
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...
Looks over sold, and MACD is about to crossover. Triangle ascending. I'm choosing to chart more ETH pairs since btc is still so slow to move around, I hate trading twice when I need to take profits. What strategies do you guys use?
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...
ENG is pushing right along the major trendline without over exhausting itself. This is a very healthy bull run that has not yet had a moonshot. I'm staying in till I see those long wicks or it breaks this trendline. Looks like ENG is having a great day.
-- 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 been following an elliot wave perfectly. Right now wave 4 is cresting right about wave 1, if it drops below it will fall out of elliot wave and all bets are off. It has a very strong support floor, though, so I don't think that's likely. Right now is the time to buy (highlighted in green), then ride the 5th wave up as us traders do. Enigma is traded on...
ENG has been gaining a lot. Upward triangle and not being able to break resistance at 55k sat. Signals end of bull run
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.
This will be really awkward if ENG doesn't hit 70k.
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I am not quite sure too. But theres one nice big triangle, volume is not that bad. Possible breakout. I'll keep my eye on 38-39k area.