ENG/BTC (Bearish Channel Breakdown?)BINANCE: ENGBTC
-Enigma broke the ascending channel to the downside
-We can see an upward trendline of support breakdown
-If this Bearish price action continue and see a follow-through
-The downside target is around 3600 sat zone
-The green zone is a confluence of previous support turned resistance
-So I'm expecting high demand in those regions
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Engigma
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.
