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Enigma / Bitcoin

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ENGBTC trade ideas

ENG set to break outEng has been following an elliot wave perfectly. Right now wave 4 is cresting right about wave 1, if it drops below it will fall out of elliot wave and all bets are off. It has a very strong support floor, though, so I don't think that's likely. Right now is the time to buy (highlighted in green), then ride the 5th wave up as us traders do. Enigma is traded on Bittrex and Binance, which is helping boost visibility too. Expect 10% in the next week at the very least.
by EricDraht
ENG Broke out of an ascending triangle (30% increase expected)After a fake-out due to BTC dipping to lower support levels, ENG finally took off. The measured move from this traingle takes us to right between the 2.618 and 3 fibonacci lines. We do have a potential to go beyond that to 70-80K, but that would mean we have to accelerate again. During the last bull-run the chart showed price suppression by someone very big and very interested in Enigma - He's not wrong, because it is a great project. But could you please let it go :) Enigma is part of my core position. I do have a small trading potition to trade on breakouts and corrections, but I'll never sell my core.
Long
by bjhriemersma
ENGBTC - Bear Pendant Complete - Possible new RestraintsENG has completed its signature bear pendant, and has now hit the bottom restraint identified in light blue. Next test will be top restraint, which will test the strength of the bulls - if we return to the light blue line, this could indicate a reversal and an upward move over the next few hours. However, a more consolidated uptrend below the previous lower restraint (dark blue) would indicate the trend would continue. At this stage, I am neutral until the upper restraint is revealed - trending on 15 min graph primarily.
by HODLBro
ENG breaking out into new trading rangeENG appears to have a solid team and development community. The trade price doesn't seem to be directly following any social media hype which gives me some confidence that folks are just starting to assess the value of this coin. Following the charts, there's a pretty clear set of price moves that fit within a Fib profile from Dec 18 of last year to Jan 9 of this year. Each break out from the consolidation period in the ascending triangles maps well onto an extension from the previous price move and helps confirm the overall movement pattern. Right now, I'm expecting the price to follow closer to the orange trend lines just because the volume hasn't picked up enough to push it up at the same rate of growth we saw after Christmas. Price will likely spend some time trying to get through the sell wall at 58K satoshis,then peak above 60K for a little bit before correcting with some sell off before trying to rise up to 70K. I'd recommend grabbing some profit at 60K satoshis, then buying back in when it hits the bottom support line. If the volume really starts picking up, then I would follow the same strategy, but follow the green trend lines with the higher targets.
by Dashiell
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