ENG/BTC - Chance of reversal while its approaching solid support

BINANCE:ENGBTC   Enigma / Bitcoin
Enigma is following the same trend like most of the alts, chance of reversal here while its approaching the 0.786 level and strong fib extention targets.
Comment: I think i will stop doing TA on coins like this, its Cardano story all over again.
Comment: And the confirmation...
Comment: Lets pretend that this never happened and it was a flash crash. :)
Comment: Enigma is approaching the target, there is a chance it will spike just a little earlier before getting inside the box.
Comment: Enigma is inside the box, no reversak signs yet so we would have to wait a few more hours/days. You can set your alarms for now.

Comment: Enigma bounced inside the box and there is also some volume coming back, lets see if it holds.
Comment: Enigma is probably missing another wave down before some serious bounce potential.
Comment: Keep an eye on Enigma too, a break above the point B is most likely a bullish confirmation.
Comment: Very deep sub-4th. Weakness on the new trend, this bigger 3rd may stop around 0.00033 sats.
Trade closed: target reached: Forgot to close the trade here, target was reached 10 days ago.
did the wick on the hammer hit 8.5 satoshi?
Acel TomPower
@TomPower, yeah its a flash crash to 6.1 actually. Very weird, usually flash crashes like this ( either up or down) point to the local top/bottom.

At least its showing some life (volume), and waiting for Bitcoin for thumbs up. :)
+2 Reply
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