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ENGBTC

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 $8.15 within a span of one month. This project has a lot of potential but severely lacks volume. Here we have a 50% retracement of ENG from a few days ago at 26,165 stats to setup a base at 20,000 stats. There's a risk that ENG will enter the green kumo cloud for a further drop if BTC takes a nosedive. Set your stop loss at 19,XXX stats. BUY IN @ 20xxx stats T1 @ 33423 stats T2 @ 38389 stats This analysis is for educational purposes only and not financial advice. The Unicorn of the Sea - Narwhal
ELong
by UnknownUnicorn2706281
Enigma Bullish Falling WedgeEnigma is correcting in a bullish descending wedge pattern and like many other altcoins it looks like it will correct to the 0.786 fib level. We are still well off this fib level but with BTC gearing up to test 7k (IMO) I believe going long at 15k sats will ensue some nice bounce profits. The daily RSI will likely become oversold when we hit the 0.786 fib adding to the probability of a bounce. The volume has also declined to nearly a stand still which tends to happen at the apex of falling wedges, is this the drying up of sellers? In any case Engima needs to correct soon and I mean a correction upwards. Please like and follow for updates and comments and feedback are appreciated.
Long
by HyperionAllied
2
My ENG/BTC ideaIn my opinion, considering bollinger bands, elliot waves count and retreacement + fib retreacement there are some visible head & shoulder patterns in this 1h timeframe graph. It looks like waves C are the most bullish for this asset but I think we just finished wave C. It will depend also on BTC price action, if BTC will drop around 6900-7200$ then we could see ENG dropping to around 14530 satoshi, that could be a good entry level, just a personal opinion not a financial advice. I personally think that in the next 2 cycles, between wave 3 and 5 in a couple of full waves count the price could reach target inside my price boxes. Target 1: between 19068-19310 satoshi Target 2: between 19918-20785 satoshi I would consider laddering going long for some positions if the price will drop around 14.5k ish price range, and I would consider shorting around the target prices in 1-2 weeks. Remember that it will depend a lot also on social media informations, maybe Phillakkone will do another video about it so we can expect literally everything, maybe another pump and dump as well. Looking forward to see if this prediction is accurate, this is a very hard one, just take it like a theory and remember not a financial advice. Best regards, Karma
E
by KarmaMVP