ENGBTC trade ideas
Enigma forms bullish flag outside of bearish zoneSo Enigma seems to have been in a bearish pattern since its start until a few days ago when it finally broke above forming a bullish flag. These are typically followed by multiple rounds of bullish flags and make for huge gains, it looks like it really pushing to break above the downward momentum of the flag and RSI confirms that a reversal is imminent. Just keep an eye out for a break above 5900 sat to confirm. I have no target on this, I would just suggest taking profit whenever you notice momentum starting to die out, for now, just hodl it. Good luck fam!!
ENG: Possible Outcomes (Update)BITTREX:ENGBTC has been on the recovery path but has seemingly hit a wall during this alt rally, It has been testing support at the 5300-5400 and support has succeeded in holding the price up. I'm still bullish on ENG and will be until support is breaks down. I imagine a upward move playing out with ENG reaching the 6600 price level, and a downward move taking it back to previous resistance.
ENG: Breakout on HourlyBITTREX:ENGBTC may be gearing up for an upward move. Breaking out on the hourly and moving average compressing suggests a strong move. Tread cautiously here as ENG has had a few "fakeouts" in the last days. Good entry would be sub-4000-3800. This move is highly dependent on BTC's direction but no risk no fun. Let's go
$ENGBTC - Enigma possible 30 to 68% gains.ENG has made a debut on Bittrex recently. The coin is searcing for pricing and has held well the BTC rally to 14,000 dollars.
Based on price action for this young asset seems like there is quite a good potential at the breakout of the bottom trendline.
Potential gains are in the order of 30 to 68%.
A more conservative entry can be played at the top line as per the chart.
Very speculative trade as the coin is in a price discovery period.
Trade Safe.
ENIGMA Found Bottom (100%+ potential) - Time to tradeThe easiest way to trade and the most successful strategy of all, is to buy low and sell high. Easier said than done? Not really.
When you are starting to trade cryptos you can see lots of "missed" opportunities, and sometimes you see huge swings in different coins and you are tempted to join, out of emotion / fear / FOMO, which can lead to bad trades. First know that this market offers endless opportunities, and there will always be more. You can see how that plays out daily by looking at the stats and charts on different exchangers. So it is better to wait for the right opportunity, rather than rush and lose.
If you are starting out, the best strategy is to buy LONG, looking to buy as low as possible so that you won't have to deal with technicalities as experts have to when they trade on highly active markets. The other advantage of buying at the bottom is that, when the breakout happens and a new trend starts, you can choose to sell whenever you feel comfortable with your profits.
So I look for opportunities where coins reach their "bottom". Buying at this bottom highly increases your chances of getting out with a profit.
You can read the charts candle sticks, use indicators and chart formations to gain knowledge as to what might happen next. But remember, all of these are just indicators, one cannot predict the future in these markets, but we can definitely make an informed trade which can increase our chances to earn.
Looks like Enigma (ENG) has bottomed out.
You can open trade (buy-in): 0.00005000 - 0.00006500
Targets
(1) 0.00007400
(2) 0.00009000
(3) 0.00012000
Stop loss
(*) 0.00004850
Remember that it doesn't matter whatever happens, what happened in the past or what will happen in the future. YOU DESERVE THE BEST.
Thanks for your support.
ENG Breakout of Falling WedgeBITTREX:ENGBTC is poised for a reversal at this price level. After massive selling it seems that the sellers are exhausted and buyers are ready to rally. Price is testing the upper Bollinger Band and WVF indicates a possible bottom here. The order book is light so this is a dangerous one (low liquidity, high volatility) but should be an interesting one to ride. Entry <5500 would likely have decent returns