if does , somewhere on 0.00026697 support we can bouce back up to next resistance 0.00049020 which give +/- 80% profit. (if/when H&S pattern formed) if bounce on mentioned suppoer zone will not hapeen we will go way lower ( according to current sentiment on market bad scenario will not happen, all depends from BTC run so keep eye on it)
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 completed its signature bear pendant, and has now hit the bottom restraint identified in light blue. Next test will be top restraint, which will test the strength of the bulls - if we return to the light blue line, this could indicate a reversal and an upward move over the next few hours. However, a more consolidated uptrend below the previous lower...
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.
Previous shrap price increases lead to retracement to 0.382 fib lines. Associated with large gap between EMA and 50 day SMA, and subsequent cross over. MACD pattern. Will increase again, may follow RSI for correction. Acc/Dist seems high. Price movement may be 3rd or 5th leg of Elliot impulse Difference of 357% and 227% price growth decrease by magnitude of...
Looks good on the 4H and Daily, too. I think they will catch up with the hourly. Volume incoming.
Just a quick one, as monitoring the general BTCUSD trend to inform my context for altcoins markets BTC has formed a nice triangle with responsive supports, which showed initial potential for consolidation and move up. However, strong failure of final support suggests the bears may have broken through, possibly hitting residual supports for longer term traders...
Clear explanation in my chart. Will hit the median line most of the time, has respected the rule thus far, so les gooo
Currently testing the middle line of the fork, according to MACD, appears it should break through and continue for a bit before falling back down to retest the middle line.
This will be really awkward if ENG doesn't hit 70k.
ENG potentially breaking above on the hourly. I've been in since .0051 in anticipation of this move. Let's see where it goes.
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.
Enigma ( ENGBTC ) is ready for a breakout These patterns come up time and time again. The reason they come up is because of the way whales accumulate coins. They use bots to do this which causes very specific patterns to emerge. You can take advantage of this as a trader if you keep an eye on the coins. The pattern is as follows: Huge impulsive increase in...
I think this is strong bullishness for Enigma.
Chnannel is getting tight, and with some more pressure this could pop. Also the daily chart is goed
We can see quite a pop on ENG here soon, and it would be an A.T.H blue sky breakout. Not much holding it back from a moonshot.