Enigma great project. ENGBTC moving in triangle with potential break out resistance line. Now we are in accumulation zone, I see some big volume in this zone. Also I want to note that the last time before the pump, there was a squeeze. My recommendation look at this coin, and gain a position, the growth potential is huge
ENGBTC right now sitting at support level will be a good buy zone between 3500 - 3750 and prices could likely test 200 Daily MA resistance zone in coming days hovering around 5900 level.
Buy ENG from 3500 - 3750
Position Size 4%
Enigma (ENGBTC) made a huge jump today and grew over 45% to reach just above EMA200 on the chart above.
This is a new high compared to peak hit in late July.
The RSI is at its highest since March 2019.
The MACD is now fully on the side of the bulls.
Additional targets and details can be found on the chart.
Thanks for reading.
Exchange : Binance
Buy Zone: 0.000036 ~ 0.0000345
Target Point: 0.0000395/ 0.0000414/ 0.0000448/ 0.0000483/ 0.0000509
It`s making Right Shoulder of Inverse H/S
The pumping will start when the Volume is down more
Breakdown of the downtrend will be after the white line crosses the resistance line.
At least I expect growth to the level of testing EMA 200 at a price of 0,00006682
wonderful oscillator shows bullish mood
MACD in bullish divergence
Considering the daily time frame showing possible bullish divergence.
If we're following Elliott wave theory it seems a long WXY correction is not yet over. As it must respect Fibonacci ratios which are most the golden ratio of 61.8.
The bull scenario here if it will break out from the trend line resistance. It's still possible since bullish divergence is...