ENA: what would confirm the move, and what would cancel it
ENA is at 0.1631, up 3.5% over the last 24 hours.
The trend is up and every dip keeps getting bought.
Base case: as long as 0.160276 holds, the path of least resistance points to 0.1657 and then 0.1677 in the coming hours.
Risk case: losing 0.144211 flips the picture and opens the slide lower.
Reading the chart: solid means it already happened, faded means one plausible path from here.
Trade ENA: spot https://www.binance.com/en/trade/ENA_USDT | futures https://www.binance.com/en/futures/ENAUSDT
$ENA #ENA #Write2Earn #BitcoinStrongestWeekSinceMarch2023 #MarketOutlook
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.
ENA is at 0.1631, up 3.5% over the last 24 hours.
The trend is up and every dip keeps getting bought.
Base case: as long as 0.160276 holds, the path of least resistance points to 0.1657 and then 0.1677 in the coming hours.
Risk case: losing 0.144211 flips the picture and opens the slide lower.
Reading the chart: solid means it already happened, faded means one plausible path from here.
Trade ENA: spot https://www.binance.com/en/trade/ENA_USDT | futures https://www.binance.com/en/futures/ENAUSDT
$ENA #ENA #Write2Earn #BitcoinStrongestWeekSinceMarch2023 #MarketOutlook
Automated technical analysis, not financial advice. I am not responsible for your trades. DYOR.