ENIGMA (ENG) has the potential for big gains ever since its broke past the weekly 21 EMA and a long term trend line\resistance.
For now, its one asset that has my attention and a small position on it. I will be buying pullbacks on it and this one is a longer term play.
I have the 1st target as per the chart.
Please give me a like or tick for this...
If we try not to get confused by the chart lines madness We can see that the price has been touched the resistance level for several times in this time, sooner or later it’ll be broken and price will rise. Now it’s a good time to say that it’s a good chance for going long because the last momentum in the chart shows a rally to the red line again and also the wedge...
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.
Without too much bla bla bla :D everything on the chart.
Trade in profit! Push up Like button if you like my reviews and help you understand the current market situation! Subscribe to the channel and stay tuned for trading ideas that are not trading recommendations.
And remember! You must have your head on your shoulders! Do not trust anyone - not even me...
ENGBTC Looking Bullish at this time.
Now ENGBTC Price is 5290 Satoshi.
If price down for retracement then I can Expect max. dip will be 4400-4700 Satoshi.
MACD Also Bullish crossover very Near.
And If all is Working as our Chart then First Target will be 5959 Sahothi.
TP1; 5959 Satoshi
TP2; 7560 Satoshi.
TP3: 9241 Satoshi.
Keep an eye on this Level.
Price action of Enigma / Bitcoin is forming a bullish Butterfly and soon it will be entered in potential reversal zone.
This PRZ area should be used as stop loss in case of complete candle stick closed below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00005540 to 0.00004948
Sell between: 0.00006000 to 0.00007108
Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 19th of June 2018 .
Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator, you would have expected to net 29.66% PROFIT!!!
The increase in price may also be explained by positive developments including: