ENG/BTC...Lookin For That Reload!.. 4hr BinanceHello fellow traders. Hope everyone has been successful and trading safe. I wanted to post this earlier but it was so early in the am and I had too many other trades going on. Just wait for your alarms. Let them do the grunt work ;-)
We have been nailing some difficult Enigma trades lately, so it continues to stay on the watchlist. Here's a brief overview of the setup I see:
For now we sit in a definite No Trade Zone with how I approach the market and methodology. For those who shorted that top of the swing, congrats. And thus he we are, seeing a reaction. I will start some new TA on this to start identifying wave structure and potential pivots. Do we roll over? Do we come out with a motive wave, or do we have internal three wave correction? That's what I need to see before I expose my BTC with this trade.
Please stay tuned as TA chart will be modified. Trade safely and make your own decisions. I am here for your entertainment and education ;-)
longmoney
Enigmabtc
ENGBTC Zones| Enigma soon to rise with upcoming Testnet!The trend lines show the support and resistances. Enigma buy zones are shown in blue boxes .
There is a big event coming at the end of June, the price may rise in close future.
Crypformation: ENG - Upcoming Events
30 June 2018
Testnet released by end of Q2 2018.
Validation: 89/92
PS: You can follow us from social media to be tuned with latest news and discussions by searching CryptoCholics.
Disclaimer: This is not a financial advice, always make your own research and evaluate what we share here.
CryptoCholics out, Peace out
ENG/BTC 4hr Binance...Walls Being Built On Both Sides...Hello fellow traders...
As promised, here is an update on our beloved Enigma. Our last swing in this trade was great. We've yet to start an impulse per Elliot Wave Analysis--falling just short of reaching 100% of a potential 3rd wave. Thus, we have not discredited a bullish count just yet, but nonetheless, we are affected by our BTC spread.
Stoch RSI is supporting bullish divergence, and unlike some of our other alts we are seeing buyers come in to keep the price up. If BTC bounces just slightly, we should see Enigma do a nice little pop. Whether we retrace slightly more or not, I will for sure be adding to a long position at any signs of a technical pivot, as other traders are also definitely watching this asset. In particular, smart money.
If I was first looking at this asset, risk/reward would not justify opening a long position here. I would sit on this swing just a little bit longer, unafraid of missing a trade. Diagonals are a tricky beast, and unless one is playing with profit from other trades or house money with ENG, sometimes the better trade is no trade.
This is for education only. Traders have targets which change on the fly. That is the nature of the beast. Without risk there is no reward. Trade smart everyone.
--longmoney
ENG/BTC
Downtrend test as we witness a positive EMA crossover on 1hr. Looking promise, tho they may be a possibility we find ground once more before breaking through. Stop loss 25230
ENG(Enigma) Trading Idea!At the moment we test consolidation box where we moved sideways!
Nothing complicated just simple breakout trade to the strong coin!
Today in Consensus presentation also!
Entry 0.000306
Good Luck!
$ENGBTC Time to grab some Enigma - Bull-run coming Fundamentals-wise Enigma has been one of my favorite coins out there. It's been picking up steam in the last couple of weeks. Reaching a pennant closure with a breakout imminent it's time to scoop some up. Im feeling a $BTC dip today which will send alts down harder. Keep a close buy on Enigma and place your buy orders for the buy zone in the blue block.
ENG Potential next moveSeems very likely that ENGBTC moves up to target
Wave 3 finished almost exactly at a 1:1 extension of waves 1-2
A 1.618 Extension of Waves 1-2 lines up very closely with the .786 Extension of waves 1-4 so this area will act as a major resistance point.
Buy in 32-28 area
Sell targets
Target 1: 34000
Target 2: 37000
Target 3: 40000
Enigma...I Like It...Risk/reward on this swing looks great. No reason not to take this trade.
Educational...
---longmoney
Enigma on the 4hr... Another 5:1The last time I took a 5:1 trade was with Litecoin. And although I was just shy of the top of the trade, it still was quite profitable none the less.
Enigma is not a particular coin which I like. The same can be said for Litecoin, so when I see potential trade setups such as this one, it becomes a must take trade. Even if I had to get in at market price.
Just my educational opinion though.
--longmoney
ENGBTCTouched support line of the uptrend channel
RSI - oversold
ENG/BTC
Buy zone - 0.00024000-0.00026500
Target 1 -0.00036700
Target 2 - 0.00044700
Target 3 - 0.0005700
Stop Loss - 1910
Enigma likely bullish scenaroMultiple bullish indicators for the price action of ENG to go for another kick upwards
The 31K target has a strong signal to sell due to bearish divergence on the RSI
ENG waiting for a Breakout For now ENG is stuck below the Trendline Resistance. Needs a clear back above. Not the best setup for now for going LONG but ENg lovers may consider pullback entry around 23000 after 26000 Break is confirmed
breakout & bollinger band on daily - potencial price increasethe breakout of 3 months old downtrend upper line and the bollinger band width squeeze can be clearly seen on daily chart which indicates huge potencial price increase. but, if btc price continues to fall sharply, ENG may test top of the trendline. Otherwise BB band breakout shoud be watched closely.
ENG is creating good support for nice uptrendThe chart says it all.
Do your own analysis before trading. :)
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
ENGBTC-Daily-Falling wedge coiling nicelyENGBTC has one of the most beautiful charts I have seen in the past few days. A few bearish indicators, yet the falling wedge, along with bearish RSI and RVGI, might be signs of a trend reversal and breakout in the next week or so. Altcoins are at the mercy of BTC, though, so if BTC maintains some sideways action, which might be unlikely, we might see a nice pump for ENGBTC. The RSI is looking incredibly prime.
Enigma...Target LocatedAlthough I am long-term bullish on Enigma, I had to revert to alternate targets. Confluence ended up signaling lower prices, with the obvious first target at the 786.
The prices are not much lower, and our longer term targets are much higher--which doesn't justify shorting. Unless you're pockets are that deep ;-)
Educational purposes...
--longmoney
ENIGMA ENG on retracement path like many other coins - UPDATESelf explanatory chart as always!
We will most likely see re-tracement here. No need to enter.
Like for support - always appreciated!
Do not invest what you can't afford to lose. We are not your financial advisors.
ENGBTC wedgeEnigma is showing signs of reversal with the price consolidating towards the end of the wedge as it is trading around the first key support line (now trading slightly below). We can also spot a bullish divergence with the RSI which could mean that the sellers are losing strength.
Enigma...Possible Upcoming Long Playenigma.co
Just posted to get head start. Less work later. Preliminary analysis and some fundamentals.
