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