The Enigma (ENG) blockchain ecosystem develops and supports technologies and applications that enhance security over the web. The unique feature of this blockchain network is that it allows miners to perform computations on encrypted data. Enigma is one of the prime contributors to the secret network and issues its own customized ENG tokens. Enigma (ENG’s) Past Performance ENG opened at $0.18 on March 3, 2021. As of March 7, 2021, ENG closed at $0.19. Thus, in the past 5 days, the ENG price has surged by roughly 5.5%. In the last 24 hours, ENG has been trading between $0.18 – $0.20. https://ift.tt/3kWNXTj Day-Ahead and Tomorrow for ENG Today morning, ENG began trading at $0.19. The price has currently fallen to $0.18. Thus, the market momentum seems bearish. The OBV indicator has fallen steeply. Thus, selling pressures are very high. High offloading activity will exert downward pressure on the ENG price. The MACD and signal lines are negative too. Besides, the bearish crossover by the MACD line over the signal line is indicative of a strong price downtrend. Thus, the ENG price is likely to fall further. The RSI indicator is as low as 8%. It is deeply in the ‘oversold’ region. Thus, the bears are in full control of the ENG market. Hence, the price downswing is strong and expected to continue minimum for the next couple of days. It is a great time for swing traders to go long. Enigma Strong Price Downturn Analysis The price has fallen below the first Fibonacci pivot support level of $0.179. By the end of the day, the ENG price is likely to fall below the subsequent Fibonacci pivot support level of $0.174 and $0.167 respectively. The price has tested the 23.6% FIB retracement level of $0.18 and fallen below it. It may fall below the 23.6% FIB extension level of $0.17 soon. Thus, the bear-run will definitely continue today and tomorrow.
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