ENG has been moving nicely within the fib bands created by the major upswing from Dec 28 through Jan 10.
The first retracement started at the end of this trend and lasted for about a week. Trading went through a pretty nice parallel channel (light yellow) for a few days and then quickly dropped out of it to find the 0.5 support band (~30K satoshis). This looks to...
Enigma didn't have quite the correction/recovery that I was expecting earlier when it broke out of the last ascending triangle. The volume of trading was significantly lower than previous breakouts and is likely correlated to the strong price correction.
However, ENG is now forming a nice channel as it corrects toward the major support area of 35K-36K satoshis....
ENG appears to have a solid team and development community. The trade price doesn't seem to be directly following any social media hype which gives me some confidence that folks are just starting to assess the value of this coin. Following the charts, there's a pretty clear set of price moves that fit within a Fib profile from Dec 18 of last year to Jan 9 of this...
General trend for NXT over the last 2 years is a growth rate of about 20%. Both large spikes seem to be in a time of general crypto market growth. We seem to be in the middle of one of these spikes right now, where if the trend holds, NXT will trade at 0.0008000 near the top of this wave.
I'd like to have a little more information about what influenced the two...
Following the strategy that crypto prices tend to retrace to pre-spike levels before consolidating or going on another run.
Normally I would say that the buy-in price point (on chart) would be the point that we'd start to see consolidation and a slow rise in value. But there's a lot of hype for a "big" announcement on the 19th, which will likely see large a large...
Ran a Fib extension based off of the surge from 17 Nov through 20 Nov, and the drop on 21 Nov. It looks like POWR is finally seeing a reversal after completely dropping through the previous low on 21 Nov and is now potentially looking to break through the 0.236 band. This resistance can actually be seen clearer on the Fib retracement drawn from the high on the...
