đ„đ„$ENA price analysis from recent market data.đ„đ
â Figure-1 displays that ENA currently moving in a descending channel. More specifically, it is testing the central dashed trendline or resistance of channel. If it breaks this then price will move towards upward and test upper trendline but there is a high probability it may retest current resistance and if retest remains successful then price will most probably break the channel and will go in parabolic move. Those who are in the ENA trade show patience.
â Figure-2 shows that if $ENA fails to break current resistance then if might probably test bottom trendline of channel. If ENA bounced from support then price may probably break the central resistance zone continue its upward movement. Lower or around the bottom of the channel is a good zone for spot buying and DCA, if already bought at a higher price.
â Figure-3 depicts that there is a probability that $ENA price stay around central trendline/resistance zone for some time and when market get bullish for next leg up it will also move. From market data it seems that ENA may probably do around 5x to 7x during the next leg.
đąIf any other case happens the analysis will be invalid. For good gains one needs to show patience because the market always rewards those who have patience. Those who are in those market for a long time know.
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