Enigma (ENG) Overview
Enigma is building a privacy layer for the decentralized web. Our protocol enables scalable, end-to-end decentralized applications.
Enigma (ENGBTC) Trade Analysis
- Moving upward after completing a retrace.
- Bullish RSI.
- Long term potential.
Enigma (ENG) Trade Instructions by Alan...
Week chart for big picture. So far it looks like bottom and narrow channel price squeeze in meaning we should expect huge price action sooner or later.
Might pull back to 8150, than up to breakout trendline and reach 9700. Midterm target that may happen in one pump.
SO, i got all bunch of Fractals firing of right now.
Look at this pattern that just begging to breakout.
It could fizzle, but the risk reward here is just so nice.
Look at that previous pump.
Look at the project and the team. So unless this is a scam, this is one the better shit coins i have ever seen.
The easiest way to trade and the most successful strategy of all, is to buy low and sell high. Easier said than done? Not really.
When you are starting to trade cryptos you can see lots of "missed" opportunities, and sometimes you see huge swings in different coins and you are tempted to join, out of emotion / fear / FOMO, which can lead to bad trades. First know...
ENGBTC ENTRY AND TARGETS
LOOK VERY BULLISH ATM
REGIONS : ( GREEN = ENTRY) , (BROWN = TARGETS) , (RED =EXIT POINT)
GAINED SUPPORT FOR THE FIRST TIME SUGGESTING TREND REVERSAL TO POTENTIAL RETRACE TO EXIT POINT.
MOSTLY LIKELY TARGETS WILL BE HIT IF BTC STAYS STABLE
MY CHARTS DO NOT DEPEND ON TIME BUT ZONES OF SUPPORT AND RESISTANCES.
I HAVE BEEN...
Enigma has been one of the worst performing coins during the bear market, retracing nearly its entire pump. However, we did reach my exact bearish target, which was around 6000 (you can see this in my previous ENGBTC analysis). The stop hunt that sent us down to the 900 area actually wicked right on top of the previous broken triangle resistance. You can see this...
The falling wedge pattern has formed
A reduction to the support line is allowed
From the support line I consider it logical to make a purchase
Fibbo immediate target 78.6
The main goal is at Fibbo 61.8
Like WTCBTC, this was one of the worst performers in my portfolio during the bear market. However, it finally seems to have bottomed out, although it still has room to fall another 50% or so towards 50k sats. Right now, it seems to have formed a good long term support. Last year, it had a parabolic rise, which is why I chose to chart this in the log scale. This...