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ENIGMA

Enigma Faces Resistance, But If Broken, Look Out Above Enigma was my worst performing coin for a while. I sold it all for ONT a while ago, which was a good trade. However, I recently got back into ENG by reducing some of my Litecoin position. I wanted to post this trade now, since I'm going to generally be taking a break from charting over the weekend. In my last ENGBTC analysis, I suggested that 6000 was likely the bottom, after we had a flash crash that wicked heavily on the broken triangle resistance (in pink). You can see the link to that idea below. So far, ENG has risen nicely from its bottom and is trying to break out of the 12000-13000 resistance. I entered at 9590 today after the pullback (already a nice 10% rise), and I'm betting on this thing going a little wild. As I type this, it's rising pretty nicely, but ENG faces some heavy converging resistance (light blue and red). If we can break that and finally sustain some volume, I think ENG can really take off, and perhaps test its ATH on the Bitcoin ratio (maybe not an Enjin level pump, but who knows?) Fundamentally, I chose to stick with ENG rather than WTC because I see ENG as having more speculative value. Its team is comprised of some serious people from MIT and you can bet they're working hard. If you watch my most recent video post, you can see why ENG might be easier to pump than WTC. People need to get excited about a rise in order for it to sustain, and I think since ENG doesn't have a tarnished record (along with strong fundamentals), people are more likely to jump into a price rise than with Waltonchain, even if WTC does succeed. This is just a personal trade. May not play out how I want it to. I might end up holding this position for a while to see where it goes, or do some swing trading. This is not financial advice. What you do with your money is up to you. -Victor Cobra
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by VictorCobra
1
Enigma Starts To Move [ENGBTC][550% Profits Potential]Enigma (ENG) Overview Enigma is building a privacy layer for the decentralized web. Our protocol enables scalable, end-to-end decentralized applications. Enigma (ENGBTC) Trade Analysis - Moving upward after completing a retrace. - Bullish RSI. - Long term potential. Enigma (ENG) Trade Instructions by Alan Masters Buy in: (1) 0.000083 – 0.000088 (2) 0.000075 – 0.000080 PREMIUM Targets for ENGBTC (1) 0.000094 (2) 0.000103 (3) 0.000130 (4) 0.000143 (5) 0.000163 (6) 0.000189 (7) 0.000218 (8) 0.000235 (9) 0.000264 Stop loss: Close weekly candle below 0.000061. Capital allocation: <10% DEALING FOR SUCCESS Deals are people, and with people we deal. Not all deals should be taken, because not all people are right for you. The right deal, comes with the right people. And the right people, is the partner that you can feel. So keep doing your dealing, keep growing… Soon you will find somebody like you. Namaste.
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by AlanSantana
7
Can Enigma (ENG) Prove It Has Long Term Value?Enigma has been one of the worst performing coins during the bear market, retracing nearly its entire pump. However, we did reach my exact bearish target, which was around 6000 (you can see this in my previous ENGBTC analysis). The stop hunt that sent us down to the 900 area actually wicked right on top of the previous broken triangle resistance. You can see this clearly in my chart. Since then, we bounced all the way up to the 10000 resistance before consolidating around 8000. This looks like it has the decent chance for a bullish reversal. The entire crypto market seems to be on the verge of confirming at least a slow, healthy growth period (if not the start of a new bull market). Since I feel this is the case, I decided to post a new ENG chart, and give a couple of potential bullish targets. The zones I'm looking at are in green. I've always liked this project. It now makes up a fairly small portion of my portfolio since it's tanked so hard, but I might decide to increase my stack through swing trading if we get some volume going. Potential Setup: BUY: 7800-8200 SELL: 13000 15000 18000 23000 STOP LOSS: Below 7800, 7000, or wherever you see fit. This is not financial advice. I'm just posting this chart to see how it plays out, and whether any of my targets are reached or surpassed. This is really for my own educational purposes, as I enjoy keeping track of this market. -Victor Cobra
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by VictorCobra
The Enigma that is EnigmaLike WTCBTC, this was one of the worst performers in my portfolio during the bear market. However, it finally seems to have bottomed out, although it still has room to fall another 50% or so towards 50k sats. Right now, it seems to have formed a good long term support. Last year, it had a parabolic rise, which is why I chose to chart this in the log scale. This scale also happens to align well with current price action, as the overhead resistance is just overhead in this chart, but not in the linear scale. This explains why it keeps getting pushed down. Even though it's been a bit frustrating recently, I redistributed some GVTBTC profits to ENG at 9500 recently. Ultimately, I think it will pop to the upside soon, along with the rest of the market. Last year, it increased nearly 20x in BTC value during its parabolic move. I also just really like the name and its use case. BUY: 9100-9500 has proven to be good short term support 8000 retest of bottom 5000 potential new bottom. STOP LOSS: below 9000 (not recommended since there can be a quick supply test that eats through stops and leaves you in the dust, as I've mentioned before. I prefer manual exits in crypto). Potential SELL targets : 14000 resistance 17000 20000 30000 50000 1540000 (19.3x from 8000 bottom) This is not investment advice. This is one of the last coins I will be tracking for now, as I have charted all the major coins in my portfolio at this point and I don't want to drive myself crazy. -Victor Cobra
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by VictorCobra
$ENG #ENGBTC Extensive Technical Analysis -Day Trader ExplainsHello Lads and Ladies, Welcome back to TJs Daily TA session, this time requested by the Elite Trading Group, we will be looking at ENGBTC on the daily timeframe. As you see with the last TAs we are on a GEM-HUNT and getting all coins that are pretty bottomed out together and posting them here with nice targets so some lazy readers can simply follow it now and learn how to do it themselves. The first thing that comes immediately in my eyes is that we have here very string trend angles which have been respected multiple times. As you can see the uptrend support lines have all a strong angle that is being respected. This angle indicates that Bulls of ENG are string and not really jumping on and off. As soon as they are there, everything goes up in the same angle and momentum. Pretty easy to follow, right? As in most coins before we can see here very clearly almost the same structure of an exponential increase, a retracement, a bear flag and then even stringer downtrend which has ended at a strong level of support and is now flat with and increasing buy volume and momentum. We are in an accumulation zone where traders like us see the obvious opportunity and simply start accumulating more and more as the time proceeds since once again the longer we take to "pop" the higher and bigger will our "pop" be. This time we will be taking the Fibonacci Tool and looking for potential targets instead of using only horizontal supports and resistances. It is applied at the top of the bear flag with 100% and at the bottom of the strong downtrend 0%. Once again here, we need to break the 61.8% retracement line to confirm an uptrend. Anything before that is "simply" a retracement. YET, as you see, even inside this retracement you have a 200%+ opportunity. Now taking a look at the art, that we have created here on the chart. If you want a perfect example of a falling wedge and its breakout look at the very first one on the chart. Could not be better. Back to where we are right now - support. We can see the purple curved line which indicates a support as well. This MIGHT be the path ENGBTC will take in the next months. While having the horizontal supports as "backup". We also see two small orange lines pretty much at the bottom. These lines have different meanings and can be used as follows. The first case would be - Stagger down to support and take profits at the two small orange lines (for a short-term trade). The second case would be - A close above the first orange line indicates that you can start buying and staggering down. The close above the second orange line is the last and full indication of a breakout and will most likely continue to the indicated targets. Now, lets take a look at our indicators. FOMO - is a clear buy signal, which might continue for quite a bit more. Trendline - is green, confirming the direction and indicating an uptrend. RSI - with 66 points is pretty high, yet up trending as well and has not seen a really straight move upwards. StochRSI - Is with 100;99 very high, yet after such a big downtrend it is quite normal. What I would like to see? I think, a re-test of the curved uptrend line with a small wick below would be perfect. Simply to re-set some indicators and fill up my orders. Speaking of orders, he is how I will do my trade: ENG/BTC Binance BUY 10000 - 9500 - 9120 - 8750 - 8250 TARGETS 13140 - 14816 - 18913 - 22224 - 25535 - 36255 Stop Loss CLOSE below 7777 Like and Follow me and you will find this page interesting because I am a TA expert and professional day trader in crypto since 2012 that does daily updates and new posts about the hottest and most discussed coins. This is as always a delayed post, if you are interested in first hand news, feel free to join our group, Cheers, TJ
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by KongTrading
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$ENG, Music To My Ears… Weekly Looking at our trend timeframe we see price continuing to head in our downtrend with no clear signs of reversal. Resistance found at 10000, this weeks candle now looking for support. Possible reversal pattern on smaller timeframes. Last time we were at this price was back in late December 2017. Daily Shifting over to our pattern timeframe we see price stuck in a consolidation zone between (8200-9575). Stochastic RSI showing momentum is in favor of bears with no signs of reversal. A daily close above/below our shows levels indicates our next direction.
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by UnknownUnicorn2434649
Analytics ENG/BTCThe Enigma project positions itself as a solution for traders and investors. The team has clear plans for project development. However, in our opinion, the idea is difficult to scale. The coin is distinguished by low liquidity and a chart with poor data for technical analysis. On the positive side, we can note that trading volumes are at a constant level since March, while other altcoins have experienced a significant decline. Since early September, the token is in a narrow corridor 0,00009727-0,00008270, and this creates additional risks, because exit from the channel can occur in any direction, and the reasons for growth are not observed. Volatility is about 6-8% per day. This case and the high price of the token gives good opportunities for intraday trading. Growth potential is about 240-280%. Not suitable for long-term investments.
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by ZOGRAS
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