⚡ $ENA is building a much tighter structure than in our previous analysis.
The daily chart has spent weeks consolidating above the long-term support zone after breaking the descending trendline. Compared with our earlier setup, the strong breakout phase is now replaced by a prolonged accumulation range making the next breakout confirmation especially important.
📊 RSI, MACD and ADX should be watched closely for confirmation. Momentum needs to expand alongside a clean resistance reclaim; otherwise, this remains a range-bound structure.
👀 The setup is getting interesting, but I want to see confirmation rather than assume the move. This is one of those charts where patience matters.
‼️ Since Ethena is the subject of this analysis, mentioning it is unavoidable. Therefore, this post should not be considered paid advertising, but rather unavoidable unpaid promotion.
⚠️ Not financial advice.
#Bitcoin #crypto #Ethereum #solana
The daily chart has spent weeks consolidating above the long-term support zone after breaking the descending trendline. Compared with our earlier setup, the strong breakout phase is now replaced by a prolonged accumulation range making the next breakout confirmation especially important.
📊 RSI, MACD and ADX should be watched closely for confirmation. Momentum needs to expand alongside a clean resistance reclaim; otherwise, this remains a range-bound structure.
👀 The setup is getting interesting, but I want to see confirmation rather than assume the move. This is one of those charts where patience matters.
‼️ Since Ethena is the subject of this analysis, mentioning it is unavoidable. Therefore, this post should not be considered paid advertising, but rather unavoidable unpaid promotion.
⚠️ Not financial advice.
#Bitcoin #crypto #Ethereum #solana