$ENG.X #cryptocurrency #ENGBTC building for a breakoutAfter being denied twice around 0.00041-42, ENGBTC has held support. The large volume coming in yesterday seems to have stabilized ENGBTC for another potential test of ATHs. However, failure at the support levels shown might indicate further correction is necessary and likely. Ideally, would like to see a solid volume move above 0.00045 for this play to strengthen.
In the current environment, I'm betting more on breakouts than breakdowns. Coinhills' website here: www.coinhills.com provides a good quantitative metric to keep an eye on for considering when alt plays become weaker.
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ENGBTC
ENGBTC Long Term Investment Engima is my secret gem the one I stay I pour some of my profits into, I bought the majority of my portion at 18k satoshi because I really believe MIT is in the forefronts in this crypto-revolution. We've all heard of secret contracts which is the main selling point of Ethereum 4.55% , however Enigma's protocol brings to the table a "secret contracts!"
Enigma broke out of Cloud support so once it starts moving sideways I will add more to my portfolio.
So what is ENG?
"The Enigma protocol is a second-layer, off-chain network that aims to solve the two biggest problems for blockchains: scalability and privacy. By enabling secure, decentralized data computation and exchange, Enigma allows blockchains to truly fulfill their powerful promise."
Total suply = 150,000,000 ENG
Market cap = $387,721,712 USD
Volume = $34,031,900 USD
The low volume might discourage some, but if want to invest rather than trade, I really urge you to considering adding ENG to your portfolio, the will have a Master-node requiring ENG token.
I urge you to look into the website, white paper ( surprisingly not a difficult read), and development team.
Bullish Convergence on ENGFib, MACD, RSI, Support and Trendlines all indicate a bull market. I believe the price will continue to trend upwards. ENG is a highly innovative token with a solid team behind it and also has great potential as a disruptive technology. I view this coin as still very undervalued by the market. I am trading this coin to increase my holdings of ENG. I am trading with 20% of my ENG holding. The other 80% I am holding long term.
Clean setup for the break out hereWatching this one for a clean break out on the above horizontal red line.
setting up for a nice push herelike that it broke out on the 5 min frame, rather see it consolidate a few hours and then really push hard.
Enigma symmetrical triangle still not too lateBITTREX:ENGBTC
The reason I said is not too late to get in this trade: we tested the support at 17300, we might get another retest of the cloud which would be a good entry point(the reason for that is that Kijun Sen is still inside the cloud and there is a possibility of ranging which will take the price to the upper boundary of cloud support). The DMI, MACD and RSI are supporting a long trade.
At the Kijun Sen or a little below, entry from as low as you can get like 17300 - 18150. The target is 32200.
ENGBTC ascending triangle formingRelatively well defined triangle here, with resistance around 0.0002 - getting into a very tight range, so this should resolve one way or another soon. Sometimes false breakdowns can give good entries on these, so position sizing goes far. Daily/4-hour charts show very healthy consolidation at defined levels so risk management should be easy on this one.
Enigma sell wall is very thinI have a position in ENGBTC from 95k sats but i'll be looking to add more on the next breakout. If you check the buy wall on Enigma you'll see it's huge while the sell wall is very thin i.e. no one is selling!
This demand will drive the price up nicely, buy on breakout or accumulate along the bottom of the trendline.
For swing traders, the fib levels hold very well and can give you 5,10 and 20% swings.
DYOR, not financial advice, your capital is at risk.
ENIGMA (ENG/BTC) 64% PROFIT SETUP, BREAKOUT=POSSIBLE 164% PROFITEnigma is a great project lead by many smart young MIT Students and advised by professors, and investors. The project itself is new and is headed to break resistance at 26000 sats.
Entry: 15500-16000 Sats
Targets:
26000 Sats: 54% Profit
41000 Sats: 164% Profit
Good Luck.
ENGBTC Cup and handle on the 4hr chart! (120+% trade opp)ENGBTC has formed a cup and handle formation following a breakout to new highs on the bittrex chart. Look for a break of the 20,000 satoshi level. Ride the middle bollinger band (the red line), any break of it and its a sell signal. Targets include 30,000 followed by 44,000!
ENG: Possible Outcomes (Update)BITTREX:ENGBTC has been on the recovery path but has seemingly hit a wall during this alt rally, It has been testing support at the 5300-5400 and support has succeeded in holding the price up. I'm still bullish on ENG and will be until support is breaks down. I imagine a upward move playing out with ENG reaching the 6600 price level, and a downward move taking it back to previous resistance.
ENG: Breakout on HourlyBITTREX:ENGBTC may be gearing up for an upward move. Breaking out on the hourly and moving average compressing suggests a strong move. Tread cautiously here as ENG has had a few "fakeouts" in the last days. Good entry would be sub-4000-3800. This move is highly dependent on BTC's direction but no risk no fun. Let's go
ENIGMA Found Bottom (100%+ potential) - Time to tradeThe easiest way to trade and the most successful strategy of all, is to buy low and sell high. Easier said than done? Not really.
When you are starting to trade cryptos you can see lots of "missed" opportunities, and sometimes you see huge swings in different coins and you are tempted to join, out of emotion / fear / FOMO, which can lead to bad trades. First know that this market offers endless opportunities, and there will always be more. You can see how that plays out daily by looking at the stats and charts on different exchangers. So it is better to wait for the right opportunity, rather than rush and lose.
If you are starting out, the best strategy is to buy LONG, looking to buy as low as possible so that you won't have to deal with technicalities as experts have to when they trade on highly active markets. The other advantage of buying at the bottom is that, when the breakout happens and a new trend starts, you can choose to sell whenever you feel comfortable with your profits.
So I look for opportunities where coins reach their "bottom". Buying at this bottom highly increases your chances of getting out with a profit.
You can read the charts candle sticks, use indicators and chart formations to gain knowledge as to what might happen next. But remember, all of these are just indicators, one cannot predict the future in these markets, but we can definitely make an informed trade which can increase our chances to earn.
Looks like Enigma (ENG) has bottomed out.
You can open trade (buy-in): 0.00005000 - 0.00006500
Targets
(1) 0.00007400
(2) 0.00009000
(3) 0.00012000
Stop loss
(*) 0.00004850
Remember that it doesn't matter whatever happens, what happened in the past or what will happen in the future. YOU DESERVE THE BEST.
Thanks for your support.