Enigma bounced nicely off BTCs 6k dip and rallied higher after that forming what looks like a nice impulse wave up. The count you see is my primary count i'll present my bear scenario as an update. Currently I believe we are in wave 2 down so a buy opportunity is presented to us. 4H MACD and RSI indicate we can expect more short term downside so a touchdown...
Hi second try chart... ENG was forming a cup n handle but didnt maintain it.. but if we look at higher timeframes a nice ascending triangle is being formed.. and it has already tried few times to break resistance..
Think if it breaks the top resistance a orders can be placed slightly above trendline, so your orders and not caught by the wick trying to get out.. of it...
Looks like ENG forming Cup and Handle, cup formation is done let see if it be going for its handle and then passes the resistance 38803 .. this is my first chart ... thanks
With a great project and team from MIT behind it, it is maybe a good entry point as it breaks the wedge and the resistance. In any cases it is a great long term hold coin.
ENG Support at ~244000 line (0.5 Fib) Resistance at ~370000 (0.618 Fib)
Possible Pitchfork channel forming . Breakout through pitchfork trend could coincide with breaching of 0.618 Fib line up to 0.786 line or possible shot at all time high.
RSI and MACD indicate short bear, and possible rebound. Lets hope for recovery!
Wave predictions made in ~ 3 days (20-22...
If you wanted to invest your money in enigma, its not the time for now. I think you should wait untill the ABC correction is over and buy-in at around 25000-26000
I'm still pretty new to really in depth TA but wanted to put an idea out there to see what people thought.
Been following ENG down after grabbing bags just after the first run up back in late December/Early Jan. Have had an eye on the price action as i've been hodling and noticed it running down this channel quite nicely.
Based on the fib lines and previous...
Hi guys, elliot wave analysis on ENG/BTC showing the correction is likely to still continue but not for too much longer. Clearly we are finishing of a likely C wave in an ABC correction, i do not recommend any positions at this time. It is worth noting enigma has actually held most of its gains (+50%) in this correction cycle considering btcs deep correction. We...
Noob here, but learning. Am seeing a lot of positive ENGBTC TA in my feed, which is great! Alot of it I cannot reply to as I dont have the cred yet. Anyway let me start off by saying I am a noob and post these as learning tools. Also I am not in any ENGBTC trade...so if you are in..best of luck!
I just dont see it changing in the short term though. I like to use...
Thoughts on my analysis of the ENG/BTC charts using the Ichimoku Kinko Hyo technique.
As you can see in the chart the Chinkou crosses upwards and then later looks as if it could again which is a good signal.
The Kiju Sen and Teka Sen look like they might cross which is a good signal.
The cloud has thinned out giving little resistance for the price to break...
This is one of the few coins that I am long term bullish on. Market cap is still relatively low for a coin that can unlock billions in value across multiple industries. Expecting the bullish price action to really ramp up once the Bitcoin markets rebound.
Technical Analysis:
Long term trend: Bullish
Currently sitting on support within the buy zone
Fundamental...
In short term if the low resistance is not broken we could buy at 0.00046- 0.00049. Setting stop loss at 0.00043. Targets 0,00062-0.00064. Could be a nice profit in a one day trade.
Rsi Looks good and DMI Looks good too in the 5 minutes chart, and this is a short-term trade.
Im really newbie, Just two months and this is my first post. Please share your ideas...
