ENG Broke out of an ascending triangle (30% increase expected)

10 thg 1, 2018

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.

11 thg 1, 2018

Ghi chú

Join us in watching this exciting development in Enigma's breakout out of the ascending triangle. This will decide if we continue upwards to our target or we correct back to 40.000-45.000.

Reasons I think this will break upwards:
If we bounce on support (and support has been strong), we will have a huuuuuge bullish hidden divergence on de RSI chart. Right now it is going to retest the median line (50 RSI level, grey line), while creating a higher low on the price - that's a class A divergence and they are the strongest).

11 thg 1, 2018

Ghi chú

If this bounces with strong volume and momentum this is also a great buy-in!

11 thg 1, 2018

Ghi chú

Some good enigma news - they have an announcement coming!
SAVE THE DATE: The Enigma video AMA with our dev team will be on Tuesday, January 23rd! Stay tuned to Twitter, Telegram, and Discord to see how to submit your questions - and for other news :)

In the meantime, don't forget to subscribe to our Reddit... reddit.com/r/enigmacatalyst/

11 thg 1, 2018

Ghi chú

I'd call this bounce a success. Half an hour to go and if we keep this green candle we have a bullish hidden divergence.