ENGUSD has formed a large descending scallop
once price reaches horizontal levels and the scallop has completed price can rise sharply
this is a nice entry point as you can see the scallop has nearly completed
I am long Enigma ENGUSD
BINANCE: ENGBTC
-Enigma broke the ascending channel to the downside
-We can see an upward trendline of support breakdown
-If this Bearish price action continue and see a follow-through
-The downside target is around 3600 sat zone
-The green zone is a confluence of previous support turned resistance
-So I'm expecting high demand in those...
ENG/BTC
-After a strong pump last few days ago
-The price started rolling back by -25% its value
-If you are looking for a good risk to reward bounce play trade
-3500-3400 sat region is perfect for potential Buy entry
-I recommend to open a Buy order provided there is Bullish signs
-This will help you reduce the risk involved
Enigma has formed a large ascending scallop relative to the hourly time frame.
The upper resistance of this is looking to break.
I've included some chart patterns the major one is the bump and run
Where price "bumps" above the major trend, and then "runs" back to the trend.
I really like this coin.
ENG/BTC
-the price broke the 200D MA but today it has retraced back
-this pullback is actually healthy to continue a strong uptrend
-it will likely to retest the 200D MA and new support area
-if this level will hold for the next 5 days or so
-a breakout of the resistance trendline at 3588 range
-is perfect to enter a Buy position or look for pullback retest...
ENG/BTC
-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/BTC
-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 now boom boom
we bought at 4000 satoshi
and now 40% profit from our entry.
next target would be 7200 satoshi and after bullish
so guys hold with tight stop loss
Support : 5000 Satoshi
Resistance : 7200 satoshi
