Long

Strategy for ENIGMA (ENG)

Recent days in cryptoland have been pretty calm with relative low volatility and Bitcoin's resistance of $6.000 is still holding. Lots of cryptos have been ranging for about 1 month. It is very possible that Bitcoin and some Alts have been recently accumulated. We are therefor interested *IF* the market shows new positive momentum.

It's still quite early to consider opening large open trades but it might be a good time to accumulate some of the most promising coins.

ENIGMA (ENG):
Enigma's proposal is to keep data private. It's technology enables nodes to execute computation over encrypted data thus keeping it private. Not all data is incoporated in blocks but rather in different nodes to permit scalling. They are pretty much hand with hand with OPAL, MIT Media Lab and recently partnered with giant Intel (and AION, Ethereum Alliance, Kyber, Napoleonx, ect)

For the market to deliver strong momentum it's need to play with the resistance, that's how bigger players accumulate. The longer the better.

*Open trade at $1.70
*Close opened trade: $1.18
Beyond Technical AnalysisChart PatternsENIGMAenigmabitcoinenigmabtcTrend Analysis

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