$ENA We can finally see a bullish reversal in this currency, and everything indicates that the situation will continue like this for a while.
Let's go directly to the technical indicators, the most important ones like the RSI are indicating an overbought in several time intervals, 1 hour, 4 hours and 1 day, which at first glance seems a symbol of a possible drop for the currency, but not everything is based on small intervals and less so in this case, since we have been falling for months, therefore it is more sensible to take into account and with greater weight intervals of a week (image number 1) where an RSI is seen just above 50, indicating a bullish force that exceeds the bearish one of so long ago.
Many people consider and slander that it is a whale purchase and that it is all a plan to buy and then leave with everything, but if we focus on image 2 we can realize that most purchases are of small amounts, almost double that of larger amounts.
PS: Always do your own research before investing or letting yourself be carried away by others.
Investors #ENA , we finally managed to reach the dollar again, and as I said in a previous publication, it was just a matter of time in a slow but relatively safe rise
Daily analysis, after the great rise that bitcoin made today, many currencies grew, including ENA, below we will review technical indicators.
Trend line: In the image you can see how a line was generated that has been strongly respected, difficult to cross but once surpassed it will go from resistance to support, therefore it is deduced that if the price remains above it (.960 ) we will see ENA continue to rise.
RSI and R%: These indicators show a clear overbought of assets, suggesting a bearish reversal, but as I mentioned before, if it does not fall below the line that is now support, there is nothing to worry about.
Open interest: This indicator is rising and falling very close to its notional value, showing the stability of the currency despite falling a little.
In conclusion, it is most likely that we will see a correction, which if it holds above the line, will make ENA grow at a greater rate.
Although #ENA is a currency that does not move much, in the long term it can give you great benefits, it has a continuous upward trend without stopping after having broken the descending wedge, investors are trusting the token again, and even more importantly , is a very good project that even has one of the highest APRs of all current tokens.
Hopefully this currency can grow much more, step by step and safely.
Finally ENA is taking a stable course towards the dollar and it looks like a very promising future.
#ENA A couple of hours ago the release of some ENA tokens occurred, but despite this it did not go down almost anything, and that may have been caused by the strength of this currency. Currently there is no longer a bear market for ENA because in this price zone it is seen that investors hold and take advantage of the high APR rate it has, being a good token to invest in the long term and achieve passive income.
If you ask me, I already invested a good part of my capital here, but DYOR.
There has been a decline in the entire market lately, including this token, but has it already fallen enough to continue rising?
The bullish reversal is likely during this day and tomorrow, but you must be attentive if you want to trade right now, since in 1 day and a couple of hours, a small percentage of ENA tokens will be released, causing a drop that, if the whales decide withdraw your capital earlier, it will be very strong.
After this week everything looks good for ENA and investing at the bottom of the decline is a good strategy to take advantage of the fluctuation.
Always remember to do your own research first before investing your capital.
Investors, be patient and take a good look at your options, although ENA has risen since breaking the falling wedge, it has remained stuck at .95 and .86
Will it go down or up in the short term?
In my personal opinion, this coin is going to go down this weekend, before rising again continuously, since in 1 day and a couple of hours, there will be an unlock of ENA tokens that will temporarily lower its price. For me that is the best time to buy and even open shorts before the release.
Remember to do your own research before investing with your capital.
Although it seems silly #Bitcoin $BTC still does not manage to go down even 50% of what it rose last week, the RSI is showing a downward trend without reversal for now, the W still does not exceed -85 therefore it signals the same and the open interest does not Leave the bullish turn open, at the moment I am bearish.
Remember that you should always do your own research before investing.
Bitcoin has been down a lot lately, liquidating short positions and leaving a bear market, but for how long?
Well, starting with the easiest indicators to understand, we have the RSI and the W (Image 1) in which it is seen at a very low level that indicates "oversold assets" giving a feeling that it will rise again soon. The problem comes when we look at complex indicators, such as open interest along with the trend line and general futures buying (image 2), where low open interest is indicated and therefore a continuous decline in future prices. .
Remember that you should always do your own research when operating with your capital, follow me to stay tuned for next month's movements.