Enigma is correcting in a bullish descending wedge pattern and like many other altcoins it looks like it will correct to the 0.786 fib level. We are still well off this fib level but with BTC gearing up to test 7k (IMO) I believe going long at 15k sats will ensue some nice bounce profits. The daily RSI will likely become oversold when we hit the 0.786 fib adding to the probability of a bounce. The volume has also declined to nearly a stand still which tends to happen at the apex of falling wedges, is this the drying up of sellers?
In any case Engima needs to correct soon and I mean a correction upwards.
Please like and follow for updates and comments and feedback are appreciated.
In any case Engima needs to correct soon and I mean a correction upwards.
Please like and follow for updates and comments and feedback are appreciated.
Trade active:
Hey guys we bounced right of the fib after a nice little bear trap, enjoy your profits :)
