In my opinion, considering bollinger bands, elliot waves count and retreacement + fib retreacement there are some visible head & shoulder patterns in this 1h timeframe graph.
It looks like waves C are the most bullish for this asset but I think we just finished wave C.
It will depend also on BTC price action, if BTC will drop around 6900-7200$ then we could see ENG dropping to around 14530 satoshi, that could be a good entry level, just a personal opinion not a financial advice.
I personally think that in the next 2 cycles, between wave 3 and 5 in a couple of full waves count the price could reach target inside my price boxes.
Target 1: between 19068-19310 satoshi
Target 2: between 19918-20785 satoshi
I would consider laddering going long for some positions if the price will drop around 14.5k ish price range, and I would consider shorting around the target prices in 1-2 weeks.
Remember that it will depend a lot also on social media informations, maybe Phillakkone will do another video about it so we can expect literally everything, maybe another pump and dump as well.
Looking forward to see if this prediction is accurate, this is a very hard one, just take it like a theory and remember not a financial advice.
Best regards,
Karma
It looks like waves C are the most bullish for this asset but I think we just finished wave C.
It will depend also on BTC price action, if BTC will drop around 6900-7200$ then we could see ENG dropping to around 14530 satoshi, that could be a good entry level, just a personal opinion not a financial advice.
I personally think that in the next 2 cycles, between wave 3 and 5 in a couple of full waves count the price could reach target inside my price boxes.
Target 1: between 19068-19310 satoshi
Target 2: between 19918-20785 satoshi
I would consider laddering going long for some positions if the price will drop around 14.5k ish price range, and I would consider shorting around the target prices in 1-2 weeks.
Remember that it will depend a lot also on social media informations, maybe Phillakkone will do another video about it so we can expect literally everything, maybe another pump and dump as well.
Looking forward to see if this prediction is accurate, this is a very hard one, just take it like a theory and remember not a financial advice.
Best regards,
Karma