Hi guys, elliot wave
analysis on ENG/BTC showing the correction is likely to still continue but not for too much longer. Clearly we are finishing of a likely C wave in an ABC
correction, i do not recommend any positions at this time. It is worth noting enigma has actually held most of its gains (+50%) in this correction cycle considering btcs
deep correction. We saw most alts correct to 60% or lower levels and ENG did not which makes me feel very bullish
on this token.
On a larger Elliot wave
cycle i believe we are about to finish wave 2 in a primary cycle and if that is the case we could see a very large uptrend coming for ENG and potentially +300% in the coming month. I recommend waiting for an uptrend confirmation however in case this correction does go more complex.
*This is not financial advice and is for comedic and light hearted entertainment purposes only*
Thoughts and feedback appreciated.