Update on ENG/BTC - Target updatedHere are our thoughts on the near term future of Enigma. Lest us know how you fell about our analysis. All thoughts and opinions are welcome!
ENGBTC trade ideas
ENG/BTC Elliot Wave count with entry points and targetsThe chart speaks for itself. Please let us know if you agree, disagree, or have a question. *note that the Target is 5500 not 5800....
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 2 scenarios pt 2scenario 1: within an upward impulse, we start off with wave A as a leading diagonal
scenario 2: we just saw wave D and now are in wave E in the descending triangle
stack the buys and play accordingly :)
ENG at a crossroadsscenario 1 we go up, scenario 2 we come back down. volume is slowly picking up tho. stack your buys :)
regardless, hodl for long term, i'm bullish on ENG in 2018.
ENG looks to be breaking outi've plotted the descending triangle in red where we were going downwards... until now that we've seen multiple green candles on the 4 hr, smashing through the upper red line.
now i've charted an upwards channel that we may see ENG play into. right now within the major C wave, we are in wave 1 of C.
i've plotted the fib lines w.r.t. wave A, and wave B corrects to the 0.38 fib level, which is more confirmation that we are likely to be in wave C.
ENG Bullish Momentum Ahead of NEO DevCon on January 30th, ENG is looking very very nice. Bullish momentum with the positive MACD, low RSI, positive TK cross, and increasing volume. Look for ENG to makes moves these next few days.
cryptocalendar.pro
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 :)
Enigma/BTC formed a wedgeEnigma/BTC formed a wedge in the fourth wave. High probability of growth in the fifth wave ( in the absence of a strong correction in Bitcoin)
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.
ENG - Enigma BIG Long term PotentialThis is one of the few coins that I am long term bullish on. Market cap is still relatively low for a coin that can unlock billions in value across multiple industries. Expecting the bullish price action to really ramp up once the Bitcoin markets rebound.
Technical Analysis:
Long term trend: Bullish
Currently sitting on support within the buy zone
Fundamental Analysis:
The main goal of Enigma is to transform the way that data is transmitted using their network. Many cryptocurrencies offer a safe, decentralized protocol. A decentralized protocol is a data stream that is not controlled by anyone or group. Enigma operates on an off-chain data network and will be able to store a large volume of information that is securely transmitted and utilizes decentralization to ensure that there is no single point of failure. The promise of Enigma lies in its unique technology that protects privacy of data while still allowing for computation. Nodes in the Enigma network do not see the data they compute over, yet they can publicly prove that they run a computation correctly. This opens the door for a new type of Smart Contracts – dubbed Secret Contracts, where the underlying data processed in the contract remains encrypted at all times Their first product to be launched on the new Enigma protocol is, of course, Catalyst.
Partnerships: Kyber Network, Ether Delta, AION, ETHLend
Enigma Breakout - Next Leg on way to $2000Elliot wave analysis on wedge breakout.
60% through and going to wave up from here while the market await and sells for the BTC drop that will not happen.
Enigma decision timeEnigma broke downward from a bearish flag while BTC crashed down to $10,000 USD. At the same time we moved below the 50 day simple moving average for ENG. The 50 day simple moving average held strong support for ENG from December 17th to January 14th while it traded above the 50 day average price. ENG is now increasing in value with higher highs and higher lows forming an ascending triangle. The strong support from the 50 day moving average is now strong resistance. To add to that resistance we have the .5 fib level and slightly higher we have the top of the ascending triangle. If ENG can breakout of all of this resistance look for it to make a big move up. I'm 50/50 on which way this is going but if the breakout occurs it should be explosive. Buy the breakout. Targets at .00066/.00088/.0011.
ENG trading within fib bandsENG has been moving nicely within the fib bands created by the major upswing from Dec 28 through Jan 10.
The first retracement started at the end of this trend and lasted for about a week. Trading went through a pretty nice parallel channel (light yellow) for a few days and then quickly dropped out of it to find the 0.5 support band (~30K satoshis). This looks to be a very strong resistance band, notice the support created on Jan 2 and Jan 5.
We'll likely see a similar movement back down to the 0.5 support band, then likely a push to get back to the 0.786 resistance band (~45K satoshis).
I would wait and see how the price action performs around the new channel forming. The last time we had a price reversal, it was confirmed when trading re-entered the channel. I'd wait to see either a re-entry like last time, our a break out above the channel if we haven't dropped out of it before hitting the 0.5 support band. Note that the green channel hasn't been fully confirmed yet.
ENG in head and shouldertesting to see if ENG can break out of head and shoulder pattern. otherwise buy in would be after head and shoulder is complete.
ENG/BTC price, short term.In short term if the low resistance is not broken we could buy at 0.00046- 0.00049. Setting stop loss at 0.00043. Targets 0,00062-0.00064. Could be a nice profit in a one day trade.
Rsi Looks good and DMI Looks good too in the 5 minutes chart, and this is a short-term trade.
Im really newbie, Just two months and this is my first post. Please share your ideas with me or tell me if im wrong!, ill be happy to read your thoughts, sorry for my bad english btw.
ENG/BTCCorretion or another wave?, what do you think?.
This trade could gain a lot of profit or a lot of loss, im new at this so i want your opinions!. I think if the price drops 0.00040(Yellow line) its a corretion so i should get the hell out of there.
#ENG #ENIGMA - What you guys think?Just an idea, i'm not a professional or anything, want some opinions!
Thank you!
Enigma getting ready to rise it appears!Enigma seems to have completed a whole Elliot wave sequence and has just begun another. Wave 4 in the 1st sequence aligning perfectly with the C wave correction. Wave one and two appear to be completed and it now seems to have entered wave 3.
I am new to chart reading so take my information with a grain of salt and don't invest on solely this information. Any critique is welcome. Good luck!
