$ENA crossed below its 25-day average one session ago. The MA25 has flipped from support to resistance. The MACD histogram is negative and widening. Momentum agrees with price for now. The daily moving averages on $ENA do not agree right now: price is under MA7 but over MA99 — mixed averages usually mean chop rather than trend.
Bottom line on the daily: $ENA has not repaired its daily structure yet. Until 0.2332 is reclaimed, rallies are just rallies.
The benchmark, $XRP, is -3.29% on the day. The closest liquid mover is $SNDKB at -8.26%.
Bottom line on the daily: $ENA has not repaired its daily structure yet. Until 0.2332 is reclaimed, rallies are just rallies.
The benchmark, $XRP, is -3.29% on the day. The closest liquid mover is $SNDKB at -8.26%.