ENG
ENG/BTC New uptrend?Enigma bounced nicely off BTCs 6k dip and rallied higher after that forming what looks like a nice impulse wave up. The count you see is my primary count i'll present my bear scenario as an update. Currently I believe we are in wave 2 down so a buy opportunity is presented to us. 4H MACD and RSI indicate we can expect more short term downside so a touchdown around the 0.618 fib looks good (buy zone and targets on the chart).
4H INDICATORS
RSI: More room to go down
MACD: Bearish divergence
1D INDICATORS
RSI: Bearish divergance
MACD: Has curled back down after a brief bullish crossover.
Targets anywhere between 0.00048000 and 0.00060000 for a 70-120% return
Please note this is a medium term potentially by 1st of March but likely sooner so please allow for it to play out. Also make sure to like and follow if you wish to follow this educational hypothetical trade . Overall I am very bullish on Enigma fundamentally also so be sure to check out the product and use case.
*This is not financial advice and is intended for educational purpose only*
ENGBTC bullishLooks bullish.
it can fail if BTC price falls. Keep your stop loss
FYI: I am just a beginner. Do your own research before investing!
[ENG] Ready to run again, MIT backed privacy protocol.Plenty of support at 32k makes me think that ENG will run its course back to an appropriate speculative price before the team release news on their project.
We are aware that the Catalyst protocol is up and running, and this is good news.
Watch the ENG twitter for more news.
This is a coin to watch this year as Blockchain technology disrupts industries that require such a protocol.
ENG/BTC going for ATHENG Support at ~244000 line (0.5 Fib) Resistance at ~370000 (0.618 Fib)
Possible Pitchfork channel forming . Breakout through pitchfork trend could coincide with breaching of 0.618 Fib line up to 0.786 line or possible shot at all time high.
RSI and MACD indicate short bear, and possible rebound. Lets hope for recovery!
Wave predictions made in ~ 3 days (20-22 bars) blocks.
Thoughts/feedback appreciated!
$ENG #ENIGMA - likely on downtrend $BTCSaw a question on twitter about Enigma $ENG going to the moon and while looking at the chart I started to draw some lines and one thing led to another...
I'm not invested in ENG but know there are lots of people interested in this coin so just wanted to share what I see on the day chart.
possible downtrend started already. currently this could be a bull trap to attract more buyers in.
long term I see this coin retracting to old levels.
So if you want to invest in this, you might want to wait a bit to confirm that this is not indeed going down.
Enjoy!
Thanks for your likes, comments, follows.
Follow me on twitter as well for more updates.
ENG Previous Volume Pattern + Elliot WaveLooks like ENG will probably go up right here in the next couple of hours, or it will go down/sideways for some more time, and then explode. Good Luck guys!
Enigma (ENG) still in ABC correction waveIf you wanted to invest your money in enigma, its not the time for now. I think you should wait untill the ABC correction is over and buy-in at around 25000-26000
ENG - New wave starting or continued downtrend.In my chart there could possibly be a new Elliot wave forming, but wave 3 needs confirmation. IF wave 3 holds it, could go up to 36 500 sats where it would find resistance. I'm still holding ENG purchased at the 31k mark but will be looking to exit at this point short term.
If wave 3 fails, and no new Elliot wave is forming, we could see a continued downtrend to the original 0.618 fib retracement levels to find resistance at 23 900 sats.
Downtrend of BTC may have an effect which leans me more towards a continued downtrend to the 23 900 - 24 000 sats mark where I will be looking to enter into a position.
Please let me know your opinion and feel free to leave any criticism on my chart as this may help me improve and better my future charting.
ENG entering buyzoneI'm still pretty new to really in depth TA but wanted to put an idea out there to see what people thought.
Been following ENG down after grabbing bags just after the first run up back in late December/Early Jan. Have had an eye on the price action as i've been hodling and noticed it running down this channel quite nicely.
Based on the fib lines and previous support, it looks like we may settle in around 31k sats, potentially lower based on the previous support. RSI still hasn't quite popped into oversold territory as yet, so i believe there's still room to fall over the next 4-8 hours.
I'm looking at layering in buys from 31K - 25K as I think once we find support here again, we'll end this bearish phase and begin to move back up through the fib levels.
Looking to continue holding my bags, but aiming to swing trade a position from the buy-in back up to 50K sats for a nice 2x return.
ENG BTC...playing devils advocateNoob here, but learning. Am seeing a lot of positive ENGBTC TA in my feed, which is great! Alot of it I cannot reply to as I dont have the cred yet. Anyway let me start off by saying I am a noob and post these as learning tools. Also I am not in any ENGBTC trade...so if you are in..best of luck!
I just dont see it changing in the short term though. I like to use the cloud. I have adjusted my setting based off recommendations for crypto.
Anyway, I see a TK cross in the cloud and also the lagging indicator in the cloud. yes there is a potential kumo breakout or cloud break, but with no volume, also I see bearish divergence on the stochastic RSI (see circle with no shading).
Thoughts :)
ENG/BTC Ichimoku Kinko Hyo Potential ProfitThoughts on my analysis of the ENG/BTC charts using the Ichimoku Kinko Hyo technique.
As you can see in the chart the Chinkou crosses upwards and then later looks as if it could again which is a good signal.
The Kiju Sen and Teka Sen look like they might cross which is a good signal.
The cloud has thinned out giving little resistance for the price to break above which is a good signal.
This is my first analysis so feel free to give your ideas.
Cheers.
ENG - Enigma BIG Long term PotentialThis is one of the few coins that I am long term bullish on. Market cap is still relatively low for a coin that can unlock billions in value across multiple industries. Expecting the bullish price action to really ramp up once the Bitcoin markets rebound.
Technical Analysis:
Long term trend: Bullish
Currently sitting on support within the buy zone
Fundamental Analysis:
The main goal of Enigma is to transform the way that data is transmitted using their network. Many cryptocurrencies offer a safe, decentralized protocol. A decentralized protocol is a data stream that is not controlled by anyone or group. Enigma operates on an off-chain data network and will be able to store a large volume of information that is securely transmitted and utilizes decentralization to ensure that there is no single point of failure. The promise of Enigma lies in its unique technology that protects privacy of data while still allowing for computation. Nodes in the Enigma network do not see the data they compute over, yet they can publicly prove that they run a computation correctly. This opens the door for a new type of Smart Contracts – dubbed Secret Contracts, where the underlying data processed in the contract remains encrypted at all times Their first product to be launched on the new Enigma protocol is, of course, Catalyst.
Partnerships: Kyber Network, Ether Delta, AION, ETHLend
ENIGMA SHORT POSITION ON HEADS AND SHOULDERS REVERSAL - FORMING HEADS AND SHOULDERS FOR POTENTIAL REVERSAL PATTERN
- EXPECTING PRICE ACTION IN ABOUT A DAY
OPENING SHORT AT 0.00027274
TAKE PROFIT 1 AT 0.00018057
TAKE PROFIT 2 AT 0.00006906
STOP LOSS AT 0.00034261
GOOD HUNTING FELLOW TRADERS.
TRADE SAFELY.
And now for the disclaimer!
** This information is for educational purposes only and is not advice for trading **
Enigma getting ready to rise it appears!Enigma seems to have completed a whole Elliot wave sequence and has just begun another. Wave 4 in the 1st sequence aligning perfectly with the C wave correction. Wave one and two appear to be completed and it now seems to have entered wave 3.
I am new to chart reading so take my information with a grain of salt and don't invest on solely this information. Any critique is welcome. Good luck!
ENIGMA - On track to go WAY higherENG is pushing right along the major trendline without over exhausting itself. This is a very healthy bull run that has not yet had a moonshot. I'm staying in till I see those long wicks or it breaks this trendline. Looks like ENG is having a great day.
ENG - head and shoulder pattern possibilityif does , somewhere on 0.00026697 support we can bouce back up to next resistance 0.00049020 which give +/- 80% profit. (if/when H&S pattern formed)
if bounce on mentioned suppoer zone will not hapeen we will go way lower ( according to current sentiment on market bad scenario will not happen, all depends from BTC run so keep eye on it)
ENG - Perfect buying opportunityLooking at the charts of enigma shows you a perfect buying opportunity. With the coin already being tenfold compared to 3 weeks ago, enigma does not show any sign of stopping. It is a contract based coin trying to solve privacy and scalability issues.
Buy in:
35000 - 46000
First Target:
83000
Bullish signals from MACD, Stoch and DMI!
