BINANCE:ENGUSD   Enigma / US Dollar (calculated by TradingView)
On the 13th of June Enigma found the bottom, hitting the low at $1.17 and rejecting the 4/1 Gann Fan trendline . On a daily chart price seem to have formed strong support at $1.3, that has been rejected multiple times, and closing price always stayed above.

Yesterday ENG/USD once again has tested this support level , and once again failed to break below. At this stage range trading could take place, as ENG also failed to break above the descending channel . Consolidation could take place between $1.3 and $1.9 levels, but only break and close above or below could shed some light on further direction.

If someone is looking for a buying opportunity, perhaps it is reasonable to wait for a $2 breakout, that should potentially trigger a rally. Prior to that, price will either consolidate or go down to 78.6% Fibs, that $1, a very strong psychological support.


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