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Enigma / Bitcoin
Long

ENG: Potential Breakout Imminent

Observations
  • ABC correction bounced at the 0.618 - 0.650 fib golden pocket territory.
  • Impulse wave anticipated with wedge formation on Wave 2.
  • If wedge breaks up with strong volume then impulse wave should continue upwards to respective waves.
  • If wedge breaks down then we would possibly see an impulse wave failure and see if a WXY correction forms instead.
  • Target price points are 50000 and 62000 satoshi respectively if breakout upwards is confirmed.
  • Wave projections do not indicate time at which price targets would be met.

Disclaimer
For informational purposes only and not deemed as financial advice
modernpicasso
Chart PatternscryptoCryptocurrencycryptotraderscryptotradingENIGMAenigmabtcTrend AnalysisWave Analysis
modernpicasso

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