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.
-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 started trading above 12&20MA
-Forming bullish broadening descending channel
-New potential local bottom support at 1544 sats
-Upside target is up to 2900 sats area
-Stoploss is below trendline support at 1544
-No major red flag yet
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