$ENA
is looking ugly on the daily right now.
September’s rally from $0.14 to $0.28 has almost completely disappeared. Two weeks of lower highs, and now the 20 EMA has crossed below the 50 EMA on the daily for the first time since summer.
Today printed a fresh low at $0.1533, breaking below the November 5 wick at $0.156. But volume is still thin. No major panic selling, just a slow bleed lower.
For me, $0.15 is the line to watch.
Lose that on a daily close, and the next downside zones are:
- $0.14 — mid-September support shelf
- $0.135 — next potential support
On the upside, nothing really changes until ENA reclaims $0.174.
A daily close above $0.189, with the EMAs reclaimed, is where I would finally stop calling this a downtrend.
Until then, patience over chasing. Let the chart prove itself. 👀
NFA. DYOR.
is looking ugly on the daily right now.
September’s rally from $0.14 to $0.28 has almost completely disappeared. Two weeks of lower highs, and now the 20 EMA has crossed below the 50 EMA on the daily for the first time since summer.
Today printed a fresh low at $0.1533, breaking below the November 5 wick at $0.156. But volume is still thin. No major panic selling, just a slow bleed lower.
For me, $0.15 is the line to watch.
Lose that on a daily close, and the next downside zones are:
- $0.14 — mid-September support shelf
- $0.135 — next potential support
On the upside, nothing really changes until ENA reclaims $0.174.
A daily close above $0.189, with the EMAs reclaimed, is where I would finally stop calling this a downtrend.
Until then, patience over chasing. Let the chart prove itself. 👀
NFA. DYOR.