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ENIGMA

Enigma Starts To Gain Momentum (Potential Impulse Move)Enigma (ENGBTC) is starting to gain bullish momentum and we can see a potential impulse move happening soon. For this move to happen we need to see volume increasing and preferably a close above EMA50 (0.00006902) on the daily time frame (less than two hours from now the daily candle closes. 00:00 UTC). We shared a trade for Enigma (ENGBTC) earlier this morning. Saw the chart yesterday when it was around 6100 satoshis but was away from my PC. Since then its value already grew by as much as 18%. Our first target is sitting at 7500 satoshis (0.00007500) while the second one is at 8190 satoshis (0.00008190) and finally 9000 satoshis (0.00009000) for our third target. Remember that this is a chart analysis/description, this can't be right or wrong... We are not sharing with such intention, the intention to learn and entertain ourselves with the goal of making money. If you enter a trade for whatever reason, you need to have a plan and a stop-loss. The action can always go either way. If it goes up, after we buy, we sell for profits. If it goes down, after we buy, and hits our stop-loss, we sell for a loss. Normally we take around 10-30% risk if our stop-loss is activated, with around 60-300% rewards if our trade goes well. So we remain open to all scenarios and prepare accordingly... This is the best way to trade, rather than guessing and betting that something will go your way. Regardless of what happens, we will be back and try again. So far the profits have been amazing and the bull market is just getting started. When it is hot, the only thing that you will have to worry about is how to spend your profits. Thanks a lot for reading. Remember to hit like. This is Alan Masters, and this is not financial advice. Namaste.
Long
by AlanSantana
Enigma Breaks Out Of A Falling Wedge (Facing Resistance)Enigma (ENGBTC) has broken through the first barrier (EMA10) and is now facing strong resistance... Hit like now, if you want to, and please allow me to entertain you for a few minutes... Thanks a lot for the support. Enigma has broken out of a falling wedge (red dotted lines) and is now facing the very strong resistance marked as MA200 (black line on the chart). If ENGBTC can break and close above this resistance, we can expect additional bullish action. Let's take a look at the signals and see what we've got: Volume is still very low, which isn't that bad in this case because there was already a break and close above EMA10 with no rejection, there was also low volume on the drop itself. So if the bulls follow up, we should start to see volume coming up now. There is a MACD bullish crossover. The RSI is starting up and gaining momentum and it broke its downtrend (green dashed line). ENGBTC price retraced to the 100% Fib. retracement level. The last bullish wave has been fully erased. Another Binance altcoin pair that is setting itself up for some nice bullish action in the near future. Thanks a lot for reading. This is Alan Masters... more to come... Namaste.
E
by AlanSantana
The Moonshot Was Staring At Me In The Face! (ENG)Well well well. After a bunch of flip-flopping, I somehow lucked out and managed to finally get back into ENG before today's rise. In my previous ENG analysis, I speculated that ENG could break back above its long term linear uptrend, and in doing so, produce a very powerful breakout towards the green zone. We hit my first target right on the money and have pulled back considerably. I'm much less of a short-term trader, and I tend to look at the mid-long term. Sometimes I swing trade, but that's about it. This breakout should be taken seriously. As long as ENG stays above the high 12000/low 13000 area today on increasing volume, it should be good to continue higher. One of the reasons I got back into ENG was because I noticed how long it was consolidating, relatively flatly, on its ETH ratio. This signaled to me that once it broke out on the ratio, it would begin a bit of a bull cycle. ENG/ETH chart shows clear attempt to break the range. We'll see if it can go higher: As for what could happen next, we may need to first retest the broken resistance level, so one could try to buy between 12600 and 13600, aiming for another push higher. I guess we'll see. It might not get that low, or it could retrace the whole pump, but I'm betting on moving higher. My goal with this trade is to ride out a potential bull cycle for ENG, which could indeed put it much higher than it is now. It doesn't have to play out in my favor, so caution is needed. This is not financial advice. Previous ENG analysis: -Victor Cobra
ELong
by VictorCobra
1
ENG/BTC - Playing fibs perfectly, retracing and huge potentialEnigma, the solid gainer all week. It’s had substantial gains over the last couple weeks with a few insane spikes going +25% in a day. It’s been great for wick-catching and proven to traders the bulls are in charge. On the long term chart, ENG is respecting the big fibonacci levels VERY WELL . The peak from yesterday stopped exactly at the first fib off the bottom, fib .236. From the touch of the fib, it’s retraced 15% already but could be due for some more downside on the short term. However, for us that’s great news as it’s making creating another great entry. By using 30min candles and throwing a fib-extension on the chart using the three extremes prior to the fib-touch (purple lines), we get the downside fibs and potential turn points. I’m targeting fib 1.618 on the retracement as the level to hold for bullish continuation. This coin got a LOT of potential to the upside, and we got a lot of indications of it already being bottomed out. I’m not calling it, but it’s not a bad idea to enter already at these levels, and stack your orders down to the 1.618 fibonacci. Above the fib it’s also a weekly level marked in dark blue which is another place you should have some orders for longs. Funny thing, a STRONG daily level is exactly on the 1.618 fib strengthening it A LOT . Targets for long term holding is market on the long term chart above with orange boxes. If you’d like some short-mid term targets specified, let me know in the comment section and I’ll provide them! If you like it and would like to receive future updates - Please, follow me on TradingView! If you follow me, I guarantee you will receive timely updates to this chart, and all other interesting tickers. This will allow you to stay on top of the assets current trend and hopefully maximize your profits! For support, sign up to Binance and Bitmex with these links for referral www.bitmex.com www.binance.com If you agree, please, Like this Idea - This would be the best feedback and encouragement for me!
ELong
by Pineapple1k