For now ENG is stuck below the Trendline Resistance. Needs a clear back above. Not the best setup for now for going LONG but ENg lovers may consider pullback entry around 23000 after 26000 Break is confirmed
wedge ema formation bullish MACD & rsi Remember who gave it first & remember the name Come back & Follow me if u have made nice profits out of this trade
ENG is a good buy right now. Good quick profits and also good long-term hold for 2x profits. ABCDE correction in a falling wedge into the golden zone (.618-6.5).
The chart says it all. Do your own analysis before trading. :)
ENG BUY OPPORTUNITY During the last great ALT BULL cycle a few months ago, we saw ENG go from $0.80 to its ATH of $8.15 within a span of one month. This project has a lot of potential but severely lacks volume. Here we have a 50% retracement of ENG from a few days ago at 26,165 stats to setup a base at 20,000 stats. There's a risk that ENG will enter the green...
Signal for BINANCE:ENGBTC SL: 0.00017263 (15%) with Trailing enabled Buy @ 0.00020320 TP: 0.00024582 (20.9%) Order without TP trailing. Risk per trade: 1% To place take profit (TP), stop loss (SL) and Trailing I use 3commas services. Register and get 10$ on your trading account.
Stoch RSI Is oversold at the moment. But MACD doesn't seem to pass yet. I would wait for MACD to move towards a crossover before doing anything. Buy: 18400-18700 satoshi. S/L 18000 - 18300 satoshi (depending on the buy) Safe targer: ~20,000 satoshi Greedy target ~21,000 satoshi
Enigma is correcting in a bullish descending wedge pattern and like many other altcoins it looks like it will correct to the 0.786 fib level. We are still well off this fib level but with BTC gearing up to test 7k (IMO) I believe going long at 15k sats will ensue some nice bounce profits. The daily RSI will likely become oversold when we hit the 0.786 fib adding...
Possible breakout par le haut pour ENG. Belle divergence haussière sur RSI. La tendance baissière s’essouffle, nous sommes à l'apex sur triangle. SI break, prendre position ! Attention ! On ne buy pas des résistances mais des supports !
In my opinion, considering bollinger bands, elliot waves count and retreacement + fib retreacement there are some visible head & shoulder patterns in this 1h timeframe graph. It looks like waves C are the most bullish for this asset but I think we just finished wave C. It will depend also on BTC price action, if BTC will drop around 6900-7200$ then we could see...
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.
50:50 odds, could go either way.
Self explanatory chart as always! We will most likely see re-tracement here. No need to enter. Like for support - always appreciated! Do not invest what you can't afford to lose. We are not your financial advisors.
Enigma is showing signs of reversal with the price consolidating towards the end of the wedge as it is trading around the first key support line (now trading slightly below). We can also spot a bullish divergence with the RSI which could mean that the sellers are losing strength.
After a retracement again to .618 fib, it seems that Eng will take a breath for its next move. In a few days, 0.00028-0.00030 resistence area could be tried. Daily Stochastic Rsi an Macd are oversold. However, small timeframes need more excitement. Especially, i will be looking for triple EMA, which are not ready yet for a bounce up, but could be in a few days or so.
BINANCE:ENGBTC
Following the strong buy short rally upwards, Enigma found the top at 56k sathoshi. The correction down followed and while the second wave ended, ENG/BTC found the support at 127.2% Fibonacci retracement level applied to the corrective wave up after the ascending channel breakout. However, currently, price found the resistance at 50% Fibonacci retracement level...
ENG I would watch and see if breaks above the solid blue line or break down below. A break below could get bad quickly. Keep an eye out and see which happens first.