☘️ $ENA UPDATE - END OR OPPORTUNITY? ☘️

Good afternoon everyone. It looks like ENA is not keeping the theoretical strong bullish channel anymore, and the confirmation is exactly what has been happening ever since the last update.

Well, right now prices are as low as they have been 7 days ago, with the $1 barrier being once again breachable, this time towards the downside.

Here's a bit of light thought. When the market returns, Market returns stronger and I have high expectations on ENA. It has been a long time since I came to meet a token that kept such a Bullish channel for so long. Now, even that 30 min RMO turned Bullish. Now PDI is below the Dump Threshold and we know if this is a bear market, small rallies exist amidst the fall.

1. Indicators 📶
All indicators call and scream for a reversal, as seen in Image 1's PDI being below Dump Threshold of 30/70 (Lag is even at 33/70) and Image 2's RMO.

Open Interest is falling as can be seen in Image 2's price, the white and grey candles. This shows people are not going short, but simply leaving the market. Converting to USDT and leaving.

It seems the path is either shorting or leaving. But I don't know. All indicators point towards the upside for now. We might get one last rally before going dark for a while.

2. Recommendations 🧸
Ever since BTC crashed yesterday, the money is being pulled away from crypto. Altcoins crashed and now everyone is too afraid to continue. Thus, perhaps the best way is indeed to short, with stop losses above, just to make sure.

Let's wait until the halving, and then see how things will recover.

Take care, and stay safe. Market is chaotic as for now, so don't rely much on indicators to show reality.

~ The Green Investor ☘️