FX_Academy

Enigma (ENG/BTC) new lows ahead

Short
BITTREX:ENGBTC   Enigma / Bitcoin
The price of Enigma escaped the upward channel from the downside and is putting a lot of selling pressure on the 0.236 Fibonacci retracement level. When the price crosses it from below and judging by the momentum it probably is, the next target would be at 0.00018617. I believe that this will be a straight drop to those levels, but an alternative scenario would be a Zigzag move, in both cases I expect the price to fall to the mentioned level, as this would be the first strong support that can hold the momentum.

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