Tealstreet

$ENA still has room to the downside

BINANCE:ENAUSDT   ENA / TetherUS
This is just an update on the previous setup posted

Setup playing out perfectly!

> Retraced exactly from the mentioned support .94, went up by almost 20%
> Got rejected exactly from the given short entry (.618 Fibonacci level), dropped by almost 26% so far

It's currently sitting at support, however, this would likely to break.

Bitcoin has to hold 64k level, otherwise, we can see ENA drop further to our initial short target .70

Final target: .54 to .50 (if it gives)

Tealstreet.io Trade Faster & Trade Easier

Content in partnership with:
twitter.com/mooncakexbt
twitter.com/huskyXBT
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.