ENGBTC Sideways and Bounce
Updated
After a retracement again to .618 fib, it seems that Eng will take a breath for its next move. In a few days, 0.00028-0.00030 resistence area could be tried. Daily Stochastic Rsi an Macd are oversold. However, small timeframes need more excitement. Especially, i will be looking for triple EMA, which are not ready yet for a bounce up, but could be in a few days or so.
Note
Moved as expected. Daily MAcd is ready for a cross. Stochastic Rsi is also looking good. EMA 10 and 50 are flattened. MA 7 and MA 25 are also flattened. Waiting for a move upside shortly. First target is 0.00030. After a break around abovementioned resistence area it can reach 0.00036 and then 0.00040.
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