(Requested by MeL) ENG Enigma - March 13 Technical Analysis - ABC Near Completion? Buying Opportunity Soon.
ABC is near completion. RSI is bullishly diverging on daily chart. Buying opportunity is near.
Long Term Bias (6+ months) - Bullish
Medium Term Bias (Next Week) - Bullish
Short Term Bias (Next few days) - Bullish
Long Term Target Prediction - Primary Wave 3, $35,000+ by 2019
We see the RSI bullishy diverge. First histogram positive tick since Feb 16 with a MACD crossover on daily.
I do believe we are at the bottom due to the rsi and macd bullish signs.
If this is indeed the bottom already, this is a great opportunity. Though be forewarned that the loss percentage is high, despite the great R:R setup.
If 14530 satoshi / 0.786 fib level is the bottom, this is a great R:R setup.