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Engusd

$ENJ smudge more redAs eager as we are to get back to the pure sugary ride to ATH, we unfortunately have to pucker up and put up with the sourness of a bears for a little bit more. Looking at the RSI we continue to have lower lows and no sign of bullish divergence to signal trend reversal. I do think it is possible for us to hit as low $1.75, especially due to the market conditions with ETH/BTC are really testing their support lines. 'Would love to read your discussions.
BINANCE:ENJUSD
by egah59222c
4
ENG/BTC (Bearish Channel Breakdown?)BINANCE: ENGBTC -Enigma broke the ascending channel to the downside -We can see an upward trendline of support breakdown -If this Bearish price action continue and see a follow-through -The downside target is around 3600 sat zone -The green zone is a confluence of previous support turned resistance -So I'm expecting high demand in those regions `````````````````````````````````````````````` Trading Involves High Risk Not Financial Advice Please Exercise Risk Management `````````````````````````````````````````````` If You Like My Daily Published Ideas A little Help By Supporting My Channel Through Leaving A Thumbs Up, Comment & Follow Happy Trading! --> Thank You! :) ``````````````````````````````````````````````
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by PolarHusk
4
Enigma Forming Double BottomOn the 13th of June Enigma found the bottom, hitting the low at $1.17 and rejecting the 4/1 Gann Fan trendline. On a daily chart price seem to have formed strong support at $1.3, that has been rejected multiple times, and closing price always stayed above. Yesterday ENG/USD once again has tested this support level, and once again failed to break below. At this stage range trading could take place, as ENG also failed to break above the descending channel. Consolidation could take place between $1.3 and $1.9 levels, but only break and close above or below could shed some light on further direction. If someone is looking for a buying opportunity, perhaps it is reasonable to wait for a $2 breakout, that should potentially trigger a rally. Prior to that, price will either consolidate or go down to 78.6% Fibs, that $1, a very strong psychological support.
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by CryptoPAMM
Enigma Critical LevelsEnigma has entered the stage of consolidation after it has rejected the resistance at 38.2% Fibonacci retracement level that is $3 area. The resistance has been rejected twice. The support at 23.6% Fibs, that is $2 area, has also been rejected multiple times along with the 200 Moving Average. Overall, there is no clear trend established by ENG/USD, but a clear range trading is taking place. Break above the resistance or below the support is required for the price to show further intentions. Break and close above $3.3 should send price up to 76.4% Fibs at $5.8. On the other hand, break and close below $2 could result in a downtrend continuation, potentially sending price down to $0.5 area.
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by CryptoPAMM