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ENG

$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
ELong
by KongTrading
1
ENG testing support and may grow from here I'm really interested to see how ENG will act now. It has solid support at 9200-9300 and if it bounce, it should go up to the border of current channel, which is approximately 9800 but may eventually climb up to 10200. If it goes up to 10200 than 9800 will become a support allowing it to continue growth to 11000. Therefore, this may be a good trade. Just need a confirmation that current support level can hold the pressure and test is coming soon.
ELong
by WiseAnalyze
$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.
ELong
by UnknownUnicorn2434649
ENG reached the bottom, now is a good time to buyThe price of 3 weeks is kept at the level of 0.000096 - 0.0001. I think it's worth waiting for the growth in purchase volumes I want to tell you about a service that expands trading opportunities. 3commas (3commas.io) is a service that is a platform for traders with various tools that help to trade more effectively. For example, you can simultaneously set stop loss and take profit When registering, you will have 3 days of professional fare (free of charge)
Long
by Boonanza
My $1k to $100k Challenge: Day 43 - Trade #45 ENGHello all and thanks for stopping by and following my personal challenge. I am attempting to turn $1000 into $100,000 by day trading altcoins. I started my challenge on July 14th with a bankroll of 0.16 Bitcoin that was valued at $1000 at the time. You can follow and see all my trades in my profile. After 42 days and 43 completed trades: Wins: 18 Loss: 25 Balance: 0.1491 B USD: $ 1002 *Some trades may be pending and not yet included in my stats There are too many trades to list. All my trades and stats for this challenge can be found in the link on my profile if you want to follow. CAUTION: This challenge represents a small portion of my overall portfolio. To maximize the potential of reaching my 100k challenge goal quickly with just 1k, I am using most of my challenge bankroll per trade trying to build up my bankroll for the challenge. If you are following me, I do not recommend this strategy, but instead you should limit your trades to max 3-5% of your portfolio per trade. Please trade smart. Alright, here we go with Day 41 trade #45 I invested 0.075 B into ENG. I bought 705 @ 10630 satoshi My Sell targets are: T1: 11168 5% T2: 11693 10% T3: 12224 15% I will sell 33% at each target. After a target is hit, that will become my new SL. SL: 10098 In case you are wondering why my buy price sometimes doesn't match the current price on the chart when I make a new post, this is because I post my coin selection to my Discord group first and then make a new trade idea here which takes about 30 minutes to complete this all. I am 100% transparent. I show screenshots of my buy price and amount on my Discord group. This has been a fun experiment and I enjoy sharing my journey. Your comments, agrees and disagrees are always welcome and appreciated. Thanks for stopping by and have a great day!
ELong
by redking75
5
ENG/BTC. Wake up. UP. Hello, bandits! Today we consider an interesting coin, with a promising future. It is Enigma Catalyst. The release took place in July 2017. Minimum viable product (MVP) launched in Q1 2018. Functional capabilities include API testing , live trading, advanced datasets and web interface / IDE. In the 3rd quarter of 2018 to the Catalyst will be added additional functionality, including investment platform, uniform exchange, management of community-based (data sets) and retail ICO. It is planned that Catalyst will turn the system into decentralized in 2019. Full information on the coin you can see on the project website. According to the technical picture, we see that the capitalization of the coin fell from its January highs by 4 times, and at the moment it continues to decline. Technically, the drop may continue to 0.0001323, but the current levels look damn attractive! At the moment we are on a growing fan 8/1, which is a serious argument for the beginning of the upward movement. This scenario supports the fact that the dominance index of Bitcoin is in an overheated state and may well be adjusted in the near future. (Alternatively, on a decision regarding Bitcoin ETF ) The first target for the growth of the coin is the level of 0.00021, the second level is 0.00033. I recommend to include this coin in your portfolio. The maximum risk per transaction. Stop on this recommendation is absent.
Long
by benice_trader
Long Opportunity : Enigma Also Back To The RallySince May Engima got in downtrend but not affected as some other alts do. If Enigma can continue this pace and break the upper resistance line at around 25100 satoshi's we might see a rally towards the next resistance lines at 25800 sats and 27843 satoshi's in the short term. Both RSI and Volume seems to keep their strength in the following weeks. Possible Targets / Fib Levels Target 1 : 25800 sats Target 2 : 27843 sats Target 3 : 29886 sats Target 4 : 32795 sats Long term Targets Target 5 : 36500 sats Target 6 : 47200 sats Good Luck. Legal disclaimer: Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't gurantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
ELong
by cryptotalk_et
Enigma - Huge Long OpportunityENG day chart is a joy to watch. Crystal clear from a TA perspective. We have a massive bull flag which is a very profitable and successful bullish pattern. This pattern is preferred to be played out on the breakout among traders. Price retraced to the 0.618 at 0.00022100 which gave it the golden ratio bounce. The fact that all this is happening on the Day Chart makes the breakout stronger. BTC is going through a possible reversal but its most likely a pullback unless $7000 is broken. So at this point BTC might give us a couple of days to go sideways or maybe even go slightly more bullish. Sideways or bullish movement from BTC will result in alts rising in both volume and price. So from a risk perspective it may be slightly less risky and a stop loss should always be applied. Price formed a higher low and the stochastic confirms the trend is bullish. We have 4 possible profit taken areas: 0.00027279 18% 0.00028299 23% 0.00029950 30% (1:1 flag length. If TA is correct this price AREA is highly likely to be achieved) 0.00032620 42% Also they have their Enigma Testnet 1.0 Release today which may be the first push to going long. This analysis is not financial advice. Always do your own research.
ELong
by itradearn
Enigma Forming Double BottomOn the 13th of June Enigma found the bottom, hitting the low at $1.17 and rejecting the 4/1 Gann Fan trendline. On a daily chart price seem to have formed strong support at $1.3, that has been rejected multiple times, and closing price always stayed above. Yesterday ENG/USD once again has tested this support level, and once again failed to break below. At this stage range trading could take place, as ENG also failed to break above the descending channel. Consolidation could take place between $1.3 and $1.9 levels, but only break and close above or below could shed some light on further direction. If someone is looking for a buying opportunity, perhaps it is reasonable to wait for a $2 breakout, that should potentially trigger a rally. Prior to that, price will either consolidate or go down to 78.6% Fibs, that $1, a very strong psychological support.
E
by CryptoPAMM
Enigma VS Bitcoin Turning PointSince 15th of May, Enigma has been steadily loosing to the Bitcoin, while moving from the 36.4k down to 19.2k satoshis. Price broke below the uptrend trendline and Fibonacci applied to the corrective wave up after the breakout shows, that 461.8% retracement level has been rejected cleanly. Along with the Fib level, 4/1 Gann Fan trendline also was rejected suggesting the potential trend reversal. The key support area is seen between 18k and 19k satoshis, and as long as ENG/BTC stays above that area, the trend reversal or a correctional wave up could take place. There are few upside targets to watch, first is the 30k satoshis area, that corresponds to the upper trendline of the descending channel. If that level is broken, next target is 161.8% Fibs at 47k satoshis, which corresponds to the previous uptrend trendline. On a downside, if the 18-19k support area is broken, Enigma is likely to test 88.6% Fibs at 16k satoshis area, and even can go down to 13k area to form a double bottom.
Long
by CryptoPAMM
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
ELong
by longmoney