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Eman098
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ENA just had a monster move up 25% to 0.1854 bouncing hard off that 0.1349 low from a couple days ago. That's a textbook V shaped reversal after a grinding downtrend.
The volume tells the real story though: that huge green bar right as price broke out confirms this wasn't a fakeout real buying showed up. RSI(6) at 87 is screaming overbought short term RSI(14) at 74 backs that up so a pullback or consolidation here wouldn't be surprising at all. MACD just crossed bullish and the histogram's turning green which supports the move but it's fresh not mature.
Honestly, this looks like a strong momentum breakout that's due for a breather. Chasing it at 0.1854 is risky waiting for a pullback toward 0.165 0.170 for entry looks smarter than buying the top of this candle.
$ENA
The volume tells the real story though: that huge green bar right as price broke out confirms this wasn't a fakeout real buying showed up. RSI(6) at 87 is screaming overbought short term RSI(14) at 74 backs that up so a pullback or consolidation here wouldn't be surprising at all. MACD just crossed bullish and the histogram's turning green which supports the move but it's fresh not mature.
Honestly, this looks like a strong momentum breakout that's due for a breather. Chasing it at 0.1854 is risky waiting for a pullback toward 0.165 0.170 for entry looks smarter than buying the top of this candle.
$ENA
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