ENA (on Ethereum) is pretty hype and consolidating sideways since the start of December but now seems like it might be rolling over.
Keeping in mind the lower high we see on the Daily chart and the breakdown from the rising wedge, so anticipating further price movement down.
Similar to other alts on ETH, if the 55 EMA holds and price bounces from there and continues to make lower highs, we will stay out. However, if we get lower prices, there are two places to look to get involved:
a) sweep of December lows, looking to enter 0.72c-0.75c (spot or scalp long)
b) a full retrace to the 0.618 / golden pocket fib, giving us a 0.60c entry.
For long term spot holds it really pays to be patient for the lowest possible entry, so we will be monitoring progress here. 馃憣馃槑
馃毃馃毃
馃憠Keep an eye on the charts and your portfolio, and remember: DYOR -Crypto is always changing, so stay informed before jumping in! 馃殌馃捀