BINANCE:ENGBTC has finally managed to break above the MA200 on the daily chart after 5 long months. Seems like it finally wants to enter the alt season territory with everyone else, with this also happened a kumo breakout on the daily cloud. Expecting a retest of previous support before going in.
Target 1: 0.00004245
Target 2: 0.00005162
-the price broke the 200D MA but today it has retraced back
-this pullback is actually healthy to continue a strong uptrend
-it will likely to retest the 200D MA and new support area
-if this level will hold for the next 5 days or so
-a breakout of the resistance trendline at 3588 range
-is perfect to enter a Buy position or look for pullback retest...
Enigma has formed a large ascending scallop relative to the hourly time frame.
The upper resistance of this is looking to break.
I've included some chart patterns the major one is the bump and run
Where price "bumps" above the major trend, and then "runs" back to the trend.
I really like this coin.
ENG is showing an under-over pattern. Below support the most volumes were transacted meaning this was likely a reaccumulation range. Right now it has reclaimed the previous support and has shown a retest on the weekly and twice on the daily. With the possibility of a 66% and 130% move to the upside this level has low risk to take a position. A stop below the VPOC...
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After some nasty road bumps in February, looks like it has had capitulation and is ready for an uptrend swing. Tight stop below for reversals back below the break lines. Great risk to reward ratio here. Also looks great on other pairs.
ENG looks ready to break the downtrendline which started in Januari 2018, right before the burst of the Crypto Bubble.
If ENG breaks this trendline, it's off to the races. I'd wait for a close above 3100.
Enigma (ENGBTC) is now gaining momentum while moving above EMA100 (blue line).
EMA100 is a very strong level for the altcoins within the crypto markets.
When you see prices above it, a bullish jump can follow (green arrow).
First, prices moved above EMA10 (green line) and then EMA50 (bold magenta line)...
We had a break below support and prices quickly...
-a strong breakout above the local resistance
-followed with a big bull volume
-new immediate support is set at the 2300s
-next key resistance is 3100s
-we might see a little consolidation
-before potential leg up
-but the bulls must keep the price bullish area
-market sentiment is ready for a potential reversal
ENG has been repeatedly trying to break the MA200, while at the same time being in a bullflag formation, and at the same time entering the 4h cloud with a TK cross. RSI is also looking pretty bullish. There's just way too many bullish signals on this one to miss out.
Target 1: 0.00002181
Target 2: 0.00002291
CryptoCue is not...