Enigma broke downward from a bearish flag while BTC crashed down to $10,000 USD. At the same time we moved below the 50 day simple moving average for ENG. The 50 day simple moving average held strong support for ENG from December 17th to January 14th while it traded above the 50 day average price. ENG is now increasing in value with higher highs and higher lows...
Prior to the beginning of the CME futures, RSI was indicating BTC was overbought from 11/26 to 12/18. During this period there was virtually no pull back. This coincided with the CME futures opening in which BTC entered a bear market. The FOMO which pumped BTC into extremely high RSI levels also made it ripe for manipulation. Using leveraged shorts and extreme FUD...
