One of my followers asked me to share my thoughts on $ENA coin. So here i say:

First of all when this coin was launched , everybody was saying ENA is new gem but i never trust new coins and you guys should also not. Reason you all know, when a new coin comes, it is bullish for short term then it has to go down because people who got airdrop has to sell, some of investors or share holders of that company has to sell to secure their investment, people who bought before launch has to sell.

Now what i think about $ENA ?

It will go up when $ETH will go up and we have bullish news about Ethereum in june. So be ready for upside movement.

In new coins, technical analysis didn't work because of limitation of data. But fundamental analysis work on it. So focus on news, not on chart. Who has bought ENA in spot, i suggest all of you to wait with patience, don't sell in panic. Its fundamentals are strong, don't worry.

It is holding its support 0.5-0.6 and selling pressure is decreasing. I hope you understand well.

Tip: Short term it is bearish , long term it is bullish

When you have something in spot, always see big picture.

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