ENG: Very great coin Fundamentally and have been waiting for it's correction to finish. RSI Very oversold. Macd Very low and histogram showing bullish divergence Buy : 200 - 250 satoshi T1: 330 T2: 390 T3: 450 T4: 555 T5: 650 No stops, very strong coin.
Observations ABC correction bounced at the 0.618 - 0.650 fib golden pocket territory. Impulse wave anticipated with wedge formation on Wave 2. If wedge breaks up with strong volume then impulse wave should continue upwards to respective waves. If wedge breaks down then we would possibly see an impulse wave failure and see if a WXY correction forms instead. ...
Enigma has some positive fundamentals behind this chart. They will be presenting at Neo DevCon in a couple of days. Backed by a strong MIT team and a great vision. If it can charge through the Ichi cloud in the circled area, then we could see some strong growth. If it is rejected it will likely fall to hard support at the bold red line.
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.
Wedge forming, price has traded above resistance for two hours now, if kept above this resistance should turn into support. Hopefully all goes as planned, but this is crypto, so that won't be even close to what happens. Blue box is my target sell price. Only time will tell!
Saw a question on twitter about Enigma $ENG going to the moon and while looking at the chart I started to draw some lines and one thing led to another... I'm not invested in ENG but know there are lots of people interested in this coin so just wanted to share what I see on the day chart. possible downtrend started already. currently this could be a bull trap to...
Analysis to come
Eng has been following an elliot wave perfectly. Right now wave 4 is cresting right about wave 1, if it drops below it will fall out of elliot wave and all bets are off. It has a very strong support floor, though, so I don't think that's likely. Right now is the time to buy (highlighted in green), then ride the 5th wave up as us traders do. Enigma is traded on...
ENG has been gaining a lot. Upward triangle and not being able to break resistance at 55k sat. Signals end of bull run
Enigma ( ENGBTC ) is ready for a breakout These patterns come up time and time again. The reason they come up is because of the way whales accumulate coins. They use bots to do this which causes very specific patterns to emerge. You can take advantage of this as a trader if you keep an eye on the coins. The pattern is as follows: Huge impulsive increase in...