ENGBTC Enigma BTC trend chart 1D and 1H
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 :)
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 :)
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