$ENA I'm impressed with how ENA is performing today. It's clear that you trade best when the markets are consolidating.
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ENA is likely to break through its current resistance and head towards $1.50. From there, it might dip to $1.40 and consolidate between $1.40 and $1.50. Once the market touches $1.399, it could drop back to $1.40 and then surge past $1.50 to $1.60 and $1.70. It will likely continue consolidating and breaking out towards $2.00.
Us regular folks aren't in control, but those whales certainly are. So, follow their lead and wait until the volume increases. Volume usually spikes when it hits a support or resistance level. Whenever volume increases, the market pumps upwards, explaining the slow movement towards $2.00.
Because as soon as the market hits its resistance, the whales sell and push the markets downwards. They aim to maximize profit with minimal investment.
I've observed how ENA moves. It doesn't move directly towards a price level but consolidates daily in an uptrend, which is why the price is never consistent.
This isn't financial advice, just my experience in the markets. Don't trade unless you're 100% confident about your decision, or else it's just gambling. Make sure to do your own research before trading.
