ENGBTC Enigma BTC trend chart 1D and 1H

BINANCE:ENGBTC   Enigma / Bitcoin
168 4
Well, just took a quick look at Enigma, it looks like an exciting project with people from MIT, so I decided to draw a few lines on ENG chart.

From what I can see, we have established an upper trend with an upper trendline and a lower upper trendline . So we have an upper movement :) And that is good.
Then I took a look at 1-hour chart and it seems like we did have a downwards trend for like last day or so, but it seems that we have broken out of that downtrend and are heading back up. I'm not yet 100% but I think we may be moving up to the previous level.

Looking at other indicators like RSI and MACD , I would say we are still good. We are not overbought on RSI , MACD could have been a bit clearer but I will take it and see where it leads me :)

PS! I'm a noob trader, so don't take my advice but if you have something to say please comment :)
It's a good technical analysis. Momentum is bullish and we clearly found daily support today. If the daily closes above yesterday's open, then we are bullish for sure. Even then I think we are bullish. Worst case scenario I see is a retest of the lower support line as you have drawn....but it seems we don't go that low. Let's keep watching. Great project.
+1 Antworten
romansafi KryptoKing
@KryptoKing, how is it looking now?
Alminc romansafi
@romansafi, it depends on what you are looking for? short-term or long-term... I would say long-term we are still bullish, but if you are looking short-term then I would hold on a bit more... looking at 1-hour Ichimoku chart, we just had a TK-crossover in bullish territory, it's weak bearish signal and then we have had a kumo twist that is turning bearish... Don't take my advice as financial advice as I have no idea what I'm talking about :P
KryptoKing romansafi
@romansafi, right now we are weekend low volume consolidation phase. Long term we are still very bullish. Short term there may be a dip. I am adding more ENG on every dip. I think this is easily a 10x this year. I don't invest in overnight moonshots. I invest in strong teams for the long haul with a significant value proposition. This is one of my biggest investments this year. I am coming up on my one year anniversary for Ethereum investment which 100x since I bought it. Yes, some coins 100x in 3 weeks. I hope they stay around. I am not looking for Enigma to 100x this year but with this market cap, this coin supply, this team, this industry, and this product, I see very strong 10x potential this year and I will be very happy with that.
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Forex-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden