Enigma- "Cup Pattern" Explained, Chart Signals, Bull Market NextEverybody is always talking about the "Cup & Handle" pattern... But what about the cup without the handle?
When you see this "cup" pattern, this is mainly a bullish signal.
This pattern normally leads to one of two major outcomes, as follows:
1) Straight up. When the 'baseline' of the cup is broken, prices can go straight up.
2) Retrace then jump. To complete the "cup & handle" pattern, we also get a drop before the jump, this would basically complete the cup & handle pattern.
Now, please keep this in mind if you are trying to read your own charts, one signal isn't enough, it is better to have a combination of signals to support your bias.
On the chart above we also have the 'purple trendline' which has been conquered, you might want to wait a bit longer since prices can drop back down.
We look at a candle close for confirmation but waiting longer is always possible since sometimes the market/bots print fake moves. Meaning, prices can break above the trendline just to quickly fall back down.
What are the bullish signals for this chart?
Enigma (ENGBTC) Chart Signals by Alan Masters
Cup pattern
Strong MACD.
RSI above 50.
Above-average green volume on the breakout.
Prices trading above EMA10/50/100.
MA200 going flat...
These are just a few signals that I can catch quickly by looking at the screen but there is always more.
There are also countless indicators that can help you gain additional signals if you are not sure as to what is going on.
If by any chance you read a chart and you are not 100% sure, you can skip it and find another one... The market is always full of opportunities and something is always going up.
As you learn your charting... Make sure to be grateful for everything that you have, be grateful for the good and the bad, it might not be what we want but life has intelligence of its own.
If you trust...
This time around you will WIN BIG!
Practice patience.
Breath deeply...
Take your time before joining any trade.
Take your time to build a plan.
Take your time to study and practice.
Take your time to make your choice.
If one opportunity goes away, there will always be more.
We can take it easy, this is only the beginning... the Bull Market is yet to come.
Namaste.
ENGBTC
$ENG : crossing area of interestCrossing :
- Retest Descending trendline
- Retest horizontal support
Not a financial advice
ENG - High reward for riskAfter some nasty road bumps in February, looks like it has had capitulation and is ready for an uptrend swing. Tight stop below for reversals back below the break lines. Great risk to reward ratio here. Also looks great on other pairs.
ENIGMA -> Moon ?ENG looks ready to break the downtrendline which started in Januari 2018, right before the burst of the Crypto Bubble.
If ENG breaks this trendline, it's off to the races. I'd wait for a close above 3100.
$ENG waiting a flip of the resistance 22/05/2020Eng facing his resistance, i will waiting a flip to targets theses next resistances.
Enigma Gains Momentum, Conquers Resistance (Easy 120%)Enigma (ENGBTC) is now gaining momentum while moving above EMA100 (blue line).
EMA100 is a very strong level for the altcoins within the crypto markets.
When you see prices above it, a bullish jump can follow (green arrow).
First, prices moved above EMA10 (green line) and then EMA50 (bold magenta line)...
We had a break below support and prices quickly moving back up (light blue square).
Now that support has been tested and it holds, the bulls are back in control.
Prepare for a bullish jump.
I've marked an easy 120% on the above chart.
You can find additional targets by zooming out.
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Previous analysis Apr 7 | Enigma | Here We Go!
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Thanks a lot for your support.
This is not financial advice.
Namaste.
ENG/BTC (Reversal Confirmation?)ENG/BTC
-a strong breakout above the local resistance
-followed with a big bull volume
-new immediate support is set at the 2300s
-next key resistance is 3100s
-we might see a little consolidation
-before potential leg up
-but the bulls must keep the price bullish area
-market sentiment is ready for a potential reversal
LONG - ENG - Trading OpportunityENG has been repeatedly trying to break the MA200, while at the same time being in a bullflag formation, and at the same time entering the 4h cloud with a TK cross. RSI is also looking pretty bullish. There's just way too many bullish signals on this one to miss out.
Entry: 0.00001925
Target 1: 0.00002181
Target 2: 0.00002291
SL: 0.00001830
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
$ENG - Back to 2000 before a move ?We miss the $ENG pattern - ENG breaks with volume
We are waiting a pullback to 2000 to see if the old support could be retest.
If this support hold, we will enter.
Not a financial advice
ENGBTCENGBTC
Buying in the area 0.0000197 - 00001794
✅ 1 - 0.0000217
✅ 2 - 0.0000240
✅ 3 - 0.0000265
Breakdown of 0.0000169, the price may fall below
If you like what I do, put 👍 and subscribe
Waiting for your comment, what do you think about this?
ENJ Bullish Reversal with upto 72% Profit making set-upPrice ation on HTF has formed AB=CD and MACD is about to signal the Change in Trend by crossing the Zero Line.
Price action on LTF have formed Ascedning Trianlge Pattern which is target 25% + Profits.
Give this idea 10 + More Like for Conitinued Update.
Enigma the wind of change!Without too much bla bla bla :D everything on the chart.
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ENG/BTC (Potential local bottom?: up to 54% profit)ENG/BTC
-ENG started trading above 12&20MA
-Forming bullish broadening descending channel
-New potential local bottom support at 1544 sats
-Upside target is up to 2900 sats area
-Stoploss is below trendline support at 1544
-No major red flag yet
Enigma | Here We Go!Enigma (ENGBTC) is getting very close to breakout, maybe even today or right now a strong jump can happen.
If prices can move above 0.00002363 (EMA50), we will see more consolidation before the next jump.
Many altcoins (ALTSBTC) charts are extremely bullish, we will see massive green very soon... Let's see how it goes.
Namaste.
ENG/BTC 1D (Binance) Falling wedge break-out & on strong supportEnigma is looking juicy after breaking-out from wedge and RSI from triangle few days ago (pink ones).
We can clearly see a descending channel which has been respected since late November 2019 (beige one).
Also, PA has been moving inside a huge falling wedge for more than two years now (blue one).
So I'm expecting uptrend to resume soon and price to grow at least to parallel channel resistance.
Closing above big wedge would be extremely bullish, but we would take care of this matter later.
Buy Entry= 0.00001600 - 0.00001480
Take Profit= 0.00002023 | 0.00002371 | 0.00002933
Stop Loss= 0.00001055
Risk/Reward= 1:1 | 1:1.71 | 1:2.87
Expected Profit= 31.36% | 53.96% | 90.45%
Possible Loss= -31.49%
Fib. Retracement= 0.236 | 0.382 | 0.618
LONG - ENG - Trading OpportunityThis play on BINANCE:ENGBTC is the same thematic as the one for FET, bottom of the 4h cloud and above the MA50, expecting a retest of previous highs.
Entry: 0.00001725
Target 1: 0.00001960
Target 2: 0.00002122
SL: 0.00001616
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
Enigma Going Bullish? New Low + High Volume (350%+)Let's take a quick look at the daily chart for Enigma (ENGBTC)
Here we can notice a new low being hit just days ago on the 24th of March.
We can also appreciate really high volume (a big green volume bar came up today).
Prices now trading above EMA10.
(Hitting a new low just to bounce strong and break above EMA10 on high volume, are all signals that can indicate a bottom forming and a potential change of trend)
The MACD indicator is showing a bullish cross (the blue line crossed up the orange line ).
We can also notice over 350% of potential profits just by looking at a few short-term targets.
Thanks a lot for reading.
Namaste.
One last push down, then short term buy opportunity Only a short term hold, alts will continue to fall on mid term.
check out our channel if you'd want to understand why.
ENGBTCAlert set on trend and observing if we can put in a new low just above last major support. This will be a long time thing the coming days. Huge upside, will update when we have a clear picture.
ENGBTC big Breakout and now 40% profit still chance 150% profitENGBTC now boom boom
we bought at 4000 satoshi
and now 40% profit from our entry.
next target would be 7200 satoshi and after bullish
so guys hold with tight stop loss
Support : 5000 Satoshi
Resistance : 7200 satoshi
ENG/BTC Big Symmetrical Tringle so Bull/Bear Fight#ENGBTC Chart Update:
If this Symetrical Triangle we will break then we can expect #ENG/BTC to the moon.
Targets is given in chart.
#ENG Now Looks Good for Long.
I am Accumulating here.
3800-4000 Satoshi my strong Buy zone
Support 1 : 3540 Sat
Support 2: 2989 Sat.
Targets = Resistance
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