Enigma Gains Momentum, Conquers Resistance (Easy 120%)

17 May 2020

Enigma (ENGBTC) is now gaining momentum while moving above EMA100 (blue line).

EMA100 is a very strong level for the altcoins within the crypto markets.
When you see prices above it, a bullish jump can follow (green arrow).

First, prices moved above EMA10 (green line) and then EMA50 (bold magenta line)...
We had a break below support and prices quickly moving back up (light blue square).

Now that support has been tested and it holds, the bulls are back in control.

Prepare for a bullish jump.
I've marked an easy 120% on the above chart.

You can find additional targets by zooming out.

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Previous analysis Apr 7 | Enigma | Here We Go!

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Thanks a lot for your support.
This is not financial advice.

Namaste.