-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...
ENGBTC Long - Potential 28.71%
Entry - 5319
Please comment with thoughts and how you get on.
If you like the idea, then hit like on the idea & support with a follow.
Good luck out there!
ENGBTC is pullback to 5344. But there is an another important level on 5008 according to Istanbul indicator. Open position if price closes above these levels on 4h chart. Target is 6325 on 1h chart according to Istanbul indicator.
The above references an opinion and is for information purposes only. It is not intended to be investment advice.
-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 (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...
Enigma (ENGBTC) is now moving above EMA50 on the weekly timeframe... This signals strong growth to follow next.
In the chart above I've marked the next targets with up to 219% of potential profits.
Once the MACD moves above zero, we will see big green candles and huge growth as other altcoins that have been growing strong.
Previous chart: Enigma (ENG) Is On The...
Enigma (ENGBTC) has been consolidating but continues to print higher lows... Which is a bullish signal.
This chart here is telling us that we will get mainly higher prices... But things can always change.
If prices drop below the 0.382 Fib. extension level on this chart, we could see more red but at the moment ENGBTC has gone bullish with prices trading above...