ENG
Inverse H&SInverse Head and Shoulder forming on ENG/ETH. Likely will bring it to the top of the recent range trading
ENIGMA - Buy Opportunity - 81% ROI - 8.5:1 Risk/RewardReasons to buy on a breakout from the consolidation zone:
Valid break-out pattern with a clear consolidation zone (squeeze)
Steady accumulation and increase in volume
High return on investment (81%) with 8.5:1 risk/reward
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Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
ENGBTC hidden bullish divergence The price will follow the upped edge line of Ichimoku cloud till it reaches its top where should start consolidation. Indicators are very bullish almost all of them are in buy state, moreover there is hidden bullish divergence on the chart as the price follows «higher lows» pattern while PPO «lower lows». However it is incredibly important to choose entry point. It is a good tactics to buy in parts now or wait till the price hits trend line.
ENG is ready to break on the 4hBlue box / buy in zone
Red box / Support / Stop loss
Green Box / Targets
Yellow Circle / EMA and MA
ENJ will make a nice move
watching for entry once MACD settles - RSI losing strength $ENG Enigma a great project but will need a small pullback for new traders to get in unless alt season is upon us and we just touch the 20ma and continue to move up.
I hold Enigma as a long term hold having sliced some at highs.
ENG BTC Bull Flag Breakout! 30%+ GainEnigma has broken out of a bull flag and is expected to reach the 0.618 Fib Level.
CCI has crossed to the Green on the 4 hour chart.
First target is 36800
Good Luck!
ENGBTCTouched support line of the uptrend channel
RSI - oversold
ENG/BTC
Buy zone - 0.00024000-0.00026500
Target 1 -0.00036700
Target 2 - 0.00044700
Target 3 - 0.0005700
Stop Loss - 1910
UPDATE - LEVELS TO WATCH FOR ENG BTCUPDATE - LEVELS TO WATCH FOR ENG BTC
Look for ENG to break it's current sideways movement downwards underneath and along the blue dotted trend line. ENG will find temporary support 13753 stats and then work itself down to 6198 stats.
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
(ENG) Enigma is at a good buy zoneENG is a good buy right now. Good quick profits and also good long-term hold for 2x profits. ABCDE correction in a falling wedge into the golden zone (.618-6.5).
ENG BUY OPPORTUNITYENG BUY OPPORTUNITY
During the last great ALT BULL cycle a few months ago, we saw ENG go from $0.80 to its ATH of $8.15 within a span of one month. This project has a lot of potential but severely lacks volume.
Here we have a 50% retracement of ENG from a few days ago at 26,165 stats to setup a base at 20,000 stats. There's a risk that ENG will enter the green kumo cloud for a further drop if BTC takes a nosedive. Set your stop loss at 19,XXX stats.
BUY IN @ 20xxx stats
T1 @ 33423 stats
T2 @ 38389 stats
This analysis is for educational purposes only and not financial advice.
The Unicorn of the Sea
- Narwhal
ENG quick profitPotential plays for ENG in the coming day or 2. Small 14% gain is better than nothing in a bear market.
*I am not your financial advisory; it's your money so it's your decision.
Tip me a little crypto if I help you make money:
BTC: 1HchYXqUZxdfhohRZR8LpUCvSBD2GFtxsE
ETH: 0x567752E9d7FdC1858579fdd7009F8E8eBF7A8d9f
BCH: 194MQstCbCiSWZfRfHQ1dManZmSagNBbmr
LTC: LaoZrwVryZ8jzXm4F93LeH8skSaqv9L38n
DASH: XfixD7gxgGjRZPm1uRU2QYRb
ENG/BTC Elliot Wave and Correction Analysys.Stoch RSI Is oversold at the moment.
But MACD doesn't seem to pass yet. I would wait for MACD to move towards a crossover before doing anything.
Buy: 18400-18700 satoshi.
S/L 18000 - 18300 satoshi (depending on the buy)
Safe targer: ~20,000 satoshi
Greedy target ~21,000 satoshi
Enigma Bullish Falling WedgeEnigma is correcting in a bullish descending wedge pattern and like many other altcoins it looks like it will correct to the 0.786 fib level. We are still well off this fib level but with BTC gearing up to test 7k (IMO) I believe going long at 15k sats will ensue some nice bounce profits. The daily RSI will likely become oversold when we hit the 0.786 fib adding to the probability of a bounce. The volume has also declined to nearly a stand still which tends to happen at the apex of falling wedges, is this the drying up of sellers?
In any case Engima needs to correct soon and I mean a correction upwards.
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ENG/BTC - Chance of reversal while its approaching solid supportEnigma is following the same trend like most of the alts, chance of reversal here while its approaching the 0.786 level and strong fib extention targets.
Beware the Ides of Marchlook at all these charts. (alts posted below in the comments) They all point to March 15.
As BTC tries to finally break the trend and buck that 12k line, all of these bird beak alts are wedging to the 15.
What happens on the Ides of March?
Does Ceaser get stabbed by all his friends?
et tu alts?
Enigma VS Bitcoin UncertaintyFollowing the strong buy short rally upwards, Enigma found the top at 56k sathoshi. The correction down followed and while the second wave ended, ENG/BTC found the support at 127.2% Fibonacci retracement level applied to the corrective wave up after the ascending channel breakout.
However, currently, price found the resistance at 50% Fibonacci retracement level and rejected the upper trendline of the descending channel. This brings uncertainty in further price development of Enigma.
In order for Enigma to continue the uptrend, the 41k resistance area must be broken, prior to that, the risk of the downtrend continuation remains high. Price could go back to the 22k satoshi support and perhaps slightly lower to test the lower trendline of the descending channel.
ENG Rebound on DailyNice support trend line from January, high probability long here in my opinion with good entry point right now.
Stoch also has the room to turn up and 4H RSI turning up. Price bounced off the .786 retrace, primed and ready.