ENGBTC
ENIGMA ENG on retracement path like many other coins - UPDATESelf explanatory chart as always!
We will most likely see re-tracement here. No need to enter.
Like for support - always appreciated!
Do not invest what you can't afford to lose. We are not your financial advisors.
ENGBTC wedgeEnigma is showing signs of reversal with the price consolidating towards the end of the wedge as it is trading around the first key support line (now trading slightly below). We can also spot a bullish divergence with the RSI which could mean that the sellers are losing strength.
ENGBTC Sideways and BounceAfter a retracement again to .618 fib, it seems that Eng will take a breath for its next move. In a few days, 0.00028-0.00030 resistence area could be tried. Daily Stochastic Rsi an Macd are oversold. However, small timeframes need more excitement. Especially, i will be looking for triple EMA, which are not ready yet for a bounce up, but could be in a few days or so.
Enigma VS Bitcoin UncertaintyFollowing the strong buy short rally upwards, Enigma found the top at 56k sathoshi. The correction down followed and while the second wave ended, ENG/BTC found the support at 127.2% Fibonacci retracement level applied to the corrective wave up after the ascending channel breakout.
However, currently, price found the resistance at 50% Fibonacci retracement level and rejected the upper trendline of the descending channel. This brings uncertainty in further price development of Enigma.
In order for Enigma to continue the uptrend, the 41k resistance area must be broken, prior to that, the risk of the downtrend continuation remains high. Price could go back to the 22k satoshi support and perhaps slightly lower to test the lower trendline of the descending channel.
ENGBTC - Good position/Watch to see break directionENG I would watch and see if breaks above the solid blue line or break down below. A break below could get bad quickly. Keep an eye out and see which happens first.
ENG/BTC New uptrend?Enigma bounced nicely off BTCs 6k dip and rallied higher after that forming what looks like a nice impulse wave up. The count you see is my primary count i'll present my bear scenario as an update. Currently I believe we are in wave 2 down so a buy opportunity is presented to us. 4H MACD and RSI indicate we can expect more short term downside so a touchdown around the 0.618 fib looks good (buy zone and targets on the chart).
4H INDICATORS
RSI: More room to go down
MACD: Bearish divergence
1D INDICATORS
RSI: Bearish divergance
MACD: Has curled back down after a brief bullish crossover.
Targets anywhere between 0.00048000 and 0.00060000 for a 70-120% return
Please note this is a medium term potentially by 1st of March but likely sooner so please allow for it to play out. Also make sure to like and follow if you wish to follow this educational hypothetical trade . Overall I am very bullish on Enigma fundamentally also so be sure to check out the product and use case.
*This is not financial advice and is intended for educational purpose only*
ENGBTC ENG/BTC ENGETH ENG/ETH A LOT OF COINS IN SAME PLACESHOULD SEE NICE GAINS ON A BIG 2CND OVERALL IMPULSE 3 WAVE MOVE UP.......
ENG Ascending TriangleHi second try chart... ENG was forming a cup n handle but didnt maintain it.. but if we look at higher timeframes a nice ascending triangle is being formed.. and it has already tried few times to break resistance..
Think if it breaks the top resistance a orders can be placed slightly above trendline, so your orders and not caught by the wick trying to get out.. of it...
ENG Cup and Handle formationLooks like ENG forming Cup and Handle, cup formation is done let see if it be going for its handle and then passes the resistance 38803 .. this is my first chart ... thanks
ENGBTC is it time to enter?With a great project and team from MIT behind it, it is maybe a good entry point as it breaks the wedge and the resistance. In any cases it is a great long term hold coin.
ENGBTC bullishLooks bullish.
it can fail if BTC price falls. Keep your stop loss
FYI: I am just a beginner. Do your own research before investing!
ENG/BTC going for ATHENG Support at ~244000 line (0.5 Fib) Resistance at ~370000 (0.618 Fib)
Possible Pitchfork channel forming . Breakout through pitchfork trend could coincide with breaching of 0.618 Fib line up to 0.786 line or possible shot at all time high.
RSI and MACD indicate short bear, and possible rebound. Lets hope for recovery!
Wave predictions made in ~ 3 days (20-22 bars) blocks.
Thoughts/feedback appreciated!
ENGBTC - SHORT TRADE (SOON)Looks like we have found a short trade again, jump in when it bounces and keep selling on the way to secure profits.
Enigma (ENG) still in ABC correction waveIf you wanted to invest your money in enigma, its not the time for now. I think you should wait untill the ABC correction is over and buy-in at around 25000-26000
ENG entering buyzoneI'm still pretty new to really in depth TA but wanted to put an idea out there to see what people thought.
Been following ENG down after grabbing bags just after the first run up back in late December/Early Jan. Have had an eye on the price action as i've been hodling and noticed it running down this channel quite nicely.
Based on the fib lines and previous support, it looks like we may settle in around 31k sats, potentially lower based on the previous support. RSI still hasn't quite popped into oversold territory as yet, so i believe there's still room to fall over the next 4-8 hours.
I'm looking at layering in buys from 31K - 25K as I think once we find support here again, we'll end this bearish phase and begin to move back up through the fib levels.
Looking to continue holding my bags, but aiming to swing trade a position from the buy-in back up to 50K sats for a nice 2x return.
ENG/BTC still correcting but remains very bullishHi guys, elliot wave analysis on ENG/BTC showing the correction is likely to still continue but not for too much longer. Clearly we are finishing of a likely C wave in an ABC correction, i do not recommend any positions at this time. It is worth noting enigma has actually held most of its gains (+50%) in this correction cycle considering btcs deep correction. We saw most alts correct to 60% or lower levels and ENG did not which makes me feel very bullish on this token.
On a larger Elliot wave cycle i believe we are about to finish wave 2 in a primary cycle and if that is the case we could see a very large uptrend coming for ENG and potentially +300% in the coming month. I recommend waiting for an uptrend confirmation however in case this correction does go more complex.
*This is not financial advice and is for comedic and light hearted entertainment purposes only*
Thoughts and feedback appreciated.
ENG BTC...playing devils advocateNoob here, but learning. Am seeing a lot of positive ENGBTC TA in my feed, which is great! Alot of it I cannot reply to as I dont have the cred yet. Anyway let me start off by saying I am a noob and post these as learning tools. Also I am not in any ENGBTC trade...so if you are in..best of luck!
I just dont see it changing in the short term though. I like to use the cloud. I have adjusted my setting based off recommendations for crypto.
Anyway, I see a TK cross in the cloud and also the lagging indicator in the cloud. yes there is a potential kumo breakout or cloud break, but with no volume, also I see bearish divergence on the stochastic RSI (see circle with no shading).
Thoughts :)
ENG/BTC Ichimoku Kinko Hyo Potential ProfitThoughts on my analysis of the ENG/BTC charts using the Ichimoku Kinko Hyo technique.
As you can see in the chart the Chinkou crosses upwards and then later looks as if it could again which is a good signal.
The Kiju Sen and Teka Sen look like they might cross which is a good signal.
The cloud has thinned out giving little resistance for the price to break above which is a good signal.
This is my first analysis so feel free to give your ideas.
Cheers.
