Seems very likely that ENGBTC moves up to target Wave 3 finished almost exactly at a 1:1 extension of waves 1-2 A 1.618 Extension of Waves 1-2 lines up very closely with the .786 Extension of waves 1-4 so this area will act as a major resistance point. Buy in 32-28 area Sell targets Target 1: 34000 Target 2: 37000 Target 3: 40000
Risk/reward on this swing looks great. No reason not to take this trade. Educational... ---longmoney
The last time I took a 5:1 trade was with Litecoin. And although I was just shy of the top of the trade, it still was quite profitable none the less. Enigma is not a particular coin which I like. The same can be said for Litecoin, so when I see potential trade setups such as this one, it becomes a must take trade. Even if I had to get in at market price. Just my...
Multiple bullish indicators for the price action of ENG to go for another kick upwards The 31K target has a strong signal to sell due to bearish divergence on the RSI
Buy and sells posted on chart. About a 75% potential ROI.
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
the breakout of 3 months old downtrend upper line and the bollinger band width squeeze can be clearly seen on daily chart which indicates huge potencial price increase. but, if btc price continues to fall sharply, ENG may test top of the trendline. Otherwise BB band breakout shoud be watched closely.
The chart says it all. Do your own analysis before trading. :)
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...
ENGBTC has one of the most beautiful charts I have seen in the past few days. A few bearish indicators, yet the falling wedge, along with bearish RSI and RVGI, might be signs of a trend reversal and breakout in the next week or so. Altcoins are at the mercy of BTC, though, so if BTC maintains some sideways action, which might be unlikely, we might see a nice pump...
Although I am long-term bullish on Enigma, I had to revert to alternate targets. Confluence ended up signaling lower prices, with the obvious first target at the 786. The prices are not much lower, and our longer term targets are much higher--which doesn't justify shorting. Unless you're pockets are that deep ;-) Educational purposes... --longmoney
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.
BINANCE:ENGBTC
enigma.co Just posted to get head start. Less work later. Preliminary analysis and some fundamentals.
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.