ENG/BTC still correcting but remains very bullish
Hi guys, elliot wave analysis on ENG/BTC showing the correction is likely to still continue but not for too much longer. Clearly we are finishing of a likely C wave in an ABC correction, i do not recommend any positions at this time. It is worth noting enigma has actually held most of its gains (+50%) in this correction cycle considering btcs deep correction. We saw most alts correct to 60% or lower levels and ENG did not which makes me feel very bullish on this token.
On a larger Elliot wave cycle i believe we are about to finish wave 2 in a primary cycle and if that is the case we could see a very large uptrend coming for ENG and potentially +300% in the coming month. I recommend waiting for an uptrend confirmation however in case this correction does go more complex.
*This is not financial advice and is for comedic and light hearted entertainment purposes only*
Thoughts and feedback appreciated.
On a larger Elliot wave cycle i believe we are about to finish wave 2 in a primary cycle and if that is the case we could see a very large uptrend coming for ENG and potentially +300% in the coming month. I recommend waiting for an uptrend confirmation however in case this correction does go more complex.
*This is not financial advice and is for comedic and light hearted entertainment purposes only*
Thoughts and feedback appreciated.
Nota
Hopefully you guys avoided the false breakout yesterday as I said it is still not the time to buy I would wait atleast until we get 0.5 fib retarcement preferably lower. Trade safeDagangan aktif
Could start laddering in buys or wait for further btc downside which could bring us to between 18-26k sats (the fibs).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.