Seeing a rising wedge on the BTCUSD 4 hr chart. Looking for a short where we touch the top of the long term channel (target 1) and then possibly a bounce before touching the bottom of the long term channel (target 2). If we break through the bottom of the long term channel I'll be adding to my short.
LTC experiencing some healthy consolidation around the 0.5 fib level. RSI and MACD so far holding up healthy with Bollinger bands tightening up for a move. I think we could see a move to 280 in the next 24 hours followed by a retest of ATH.
This trade relies on BTC holding steadily upwards/downwards with no drastic movement.
To summarize:
Target 1: 280
Target...
Enigma is a great project that could be the Monero of privatizing Ethereum smart contracts. Great team filled with MIT grads and professors as well as VC backing. Right now it is consolidating and forming a cup & handle as well as a bull flag until breakout.
![ENGBTC: [ENIGMA] Bullish ABC Correction in Final Wave](https://s3.tradingview.com/5/52MZLXPc_mid.png "[ENIGMA] Bullish ABC Correction in Final Wave")
