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
- Green horizontals = supports
- Red horizontals = Targets * *only a daily candle above the resistance at 0.88 will activate the above targets.
- Black horizontal = Actual major resistance
After the top during the 2017 cryptomania phase, ENG started a long consolidation forming a mastodontic triangle lasting 3 years.
Now, I mainly see 2...
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.
Based on my analysis of the 2-hour time form, this currency is at the top of an ascending tunnel and has encountered resistance at 0.32603069, and I expect the trend to decline and reach the targets I set for it.
According to the daily analysis I have done for this currency, I expect the triangle I have drawn to come out of the triangle and reach the targets I have set for it.
Be happy and successful
ENG is holding strong following the release of the second testnet for the “Secret Contract” Blockchain last month. According to the team, the testnet has accumulated over 500 downloads in the second half of June, showcasing early interest from dApp developers.
The project plans to launch its mainnet by the end of 2019 and will be holding...