ENGBTCFalling wedge inside of a downward channel. Demand zone in Green box or wait for a clean breakout with volume.
ENGBTC trade ideas
ENG Found Inverted Cup & HandleENG looks to have finished ABC, but found itself in an inverse cup & handle!
I believe first support will be found at black dotted line. If that breaks, second (stronger) support at Fib 786.
ENG binance1 saatlik grafik
alis 0.00023500 arasi
Hedefler
26000-28000-34000-38000
1 hour chart
Buy around 0.00023500
sell: 26000-28000-34000-38000
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.
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*
ENG: Potential Breakout ImminentObservations
ABC correction bounced at the 0.618 - 0.650 fib golden pocket territory.
Impulse wave anticipated with wedge formation on Wave 2.
If wedge breaks up with strong volume then impulse wave should continue upwards to respective waves.
If wedge breaks down then we would possibly see an impulse wave failure and see if a WXY correction forms instead.
Target price points are 50000 and 62000 satoshi respectively if breakout upwards is confirmed.
Wave projections do not indicate time at which price targets would be met.
Disclaimer
For informational purposes only and not deemed as financial advice
ENG/BTC beginning of wave 3Buy-in at fib retracement of wave 1 at 50%-61.8%
Target 1 is 1:1 wave 1
Target 2 is 1.618% Fib ext of wave 1.
ENG can expect a huge raise?ENG is into an uptrend channel where is gonna start the first impulse wave. If ENG stays into the channel, we can expect to reach 50K
Good chance for breakout for ENG. Easy profit :)Dear traders, investors, and so on.
There is a very clear ascending triangle on the Enigma 1H chart. Furthermore, volume looks good and RSI looks very reasonable.
You are very welcome! Don't forget to like if you make some profits :)
Possible ENG scenario.Currently, I'm in this trade.
Learning TA. This is my first published idea. Comments or criticisms are welcome. I published this idea with the intent to learn from others.
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] Will we see a similar trading pattern to yesterday?Yesterday I posted a prediction based upon ENG's previous trading patterns, will it happen again today?
ENG ATH has been $8.15.
With a low volume cap, expect to see $8 within a month as ENG releases updates, and BTC recovers in general.
[ENG] Ready to run again, MIT backed privacy protocol.Plenty of support at 32k makes me think that ENG will run its course back to an appropriate speculative price before the team release news on their project.
We are aware that the Catalyst protocol is up and running, and this is good news.
Watch the ENG twitter for more news.
This is a coin to watch this year as Blockchain technology disrupts industries that require such a protocol.
ENG (Binance) has a perfect setup for a nice run !Really proud of my call on GTO a few days ago as it had the huuuge run I was predicting, and showing a growth of 70% in 24 hours. Good guy Gifto !
I must admit I was not expected a growth this huge in a day, but of course this trade was almost guaranteed at least like 100% in a month, excluding BTC price dropping of course.
This post I'm analysing ENG, still on Binance, which looks very promising, as it shows almost the exact same setup as GTO before it's breakout. As always, relevant indicators are commented on the chart.
Just like GTO, it's showing good momentum, RSI very very low so a lot of potential for growth, and MACD is about to go positive as well. it's a pair that is often in top growth when the MACD crosses positively, so yeah, another reason to expect good growth in the next few days.
As always, don't invest blindly on the coin I'm analysing. Do your own research and pay attention to the market sentiment for BTC before investing.
ENG/BTC Short term bullishWedge forming, price has traded above resistance for two hours now, if kept above this resistance should turn into support. Hopefully all goes as planned, but this is crypto, so that won't be even close to what happens. Blue box is my target sell price. Only time will tell!
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!
ENG Previous Volume Pattern + Elliot WaveLooks like ENG will probably go up right here in the next couple of hours, or it will go down/sideways for some more time, and then explode. Good Luck guys!
ENG bullish reversalENG :)
decentralized privacy coin. great previous bullish action, bright looking future
you can see this nice beautiful descending wedge which price has respected and broke out of
another reversal indicator was the RSI setting a higher low, while price set a lower low. this would have been an entry signal if you happened to be watching
i'd expect a reasonable target of 91k sats over the next month or two.
if you like this idea or are bullish on ENG please like and comment so others can see it.
