$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.
ENGBTC trade ideas
Enigma's correction It looks like Enigma is in a falling wedge, and that the correction will be an ABCDE, which would be sub-waves of a WXY, and the handle from a higher time scale pattern. I am expecting the price to go up to 0.236 Fibo level which would be a D wave, and then down again the approximately the levels of the 4 impulse wave.
Enigma starting wave 3 Enigma has ended the correction and the impulse wave has started. We can see that the price went above the uptrend resistance line of the consolidation channel, and fallen back to retest it in the 2 wave. The main uptrend support line from the beginning of the chart was also tested for support.
ENGBTC Looking good on higher time framesENGBTC is looking good on the higher time frames.
Bullish diversion on the RSI and the Histogram
MACD is crossing on a low point.
55 (golden) EMA is crossing the 8,13,21 EMA.
This suggests ENG could see a nice breakout to the upside.
Entry 30167
Stoploss 28200
1 target 31400
2 target 32500
3 target open
ENIGMA minimal 46%+++ up potential ---->MOOONEnigma is a blockchain based protocal, With secret contracts.
With Enigma, you'll be able to prove you're over 21 without revealing your drivers license. You'll be able to prove your income to qualify for a loan without giving away bank statements. You'll be able to verify your credit score without a 3rd party generating a credit report on you.
Enigma a cryptocurrency that has real world utility which makes me believe this project will flourish. ENG also recently partnered with the Ethereum Enterprise Alliance further legitimizing the project. There are also rumors that in the future Masternodes will come out on the Engima platform!
ENG Long, Volume Profile, Trends AnalysisHere I take a look at the ENG chart, using Volume Profile and drawing some trends. We may have already completed waves 1234 of an elliott cycle.
Strong volume at current price levels from previous days and the correction we just went through creating a higher low supports the potential break out that is forming. Let's see if we can go for a retest and possible break of our first resistance.
Enigma!
Happy trading!
***Always practice risk management, the future is unknown***
Análisis Satoshi AlphaLa moneda ENG-BTC tiene un potencial de crecimiento de 5% este crecimiento se podrá ver de 1-3 días.
La información que comparte Satoshi Alpha es únicamente con fines educativos cada persona tendrá que ejercer su propio criterio
Stop-Limit Siempre recomendado.
Recuerden tener en cuenta los movimiento del Bitcoin ya que una señal negativa puede romper todos nuestros análisis.
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.
Enigma : Breaking the Down TrendEnigma was in a downtrend correctional move since Jan 9 high at $93200. On the daily chart if it can close above the resistance line it will be moving to the 23.6% fib level at 24039.
Fundamental Analysis also showing good news after the team posted on a report on their latest roadmap.
Indicators
RSI around 57 and MACD started to move. Volume needs to spike.
Opportunity is open for long term trading.
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.
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