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Dashiell
2018년 1월 16일 오전 7시 59분

ENG Tight Downward Channel 

Enigma / BitcoinBittrex

설명

Enigma didn't have quite the correction/recovery that I was expecting earlier when it broke out of the last ascending triangle. The volume of trading was significantly lower than previous breakouts and is likely correlated to the strong price correction.

However, ENG is now forming a nice channel as it corrects toward the major support area of 35K-36K satoshis. I'd look for both a breakout above the channel and for the 1 hr MACD to break above the zero line as an indicator that ENG has finished its correction and is ready to start trending upward again (good buy time). Otherwise, I'd wait for it to find a level of support.
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