📈Today, I want to analyze the Ethena(ENA) project. Ethena(ENA) started to increase after the news "Ethena Labs' USDe Increases Rewards to Users by 50%". Now we want to see if Ethena(ENA) continues to increase or not❗️❓
📚What is the Ethena(ENA)❗️❓
🔸Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money that is not reliant on traditional banking system infrastructure, alongside a globally accessible dollar-denominated savings instrument — the 'Internet Bond'.
✅Ethena(ENA) has responded well to the 🟡Potential Reversal Zone(PRZ)🟡, and is starting to fall.
💡Also, Regular Divergence(RD-) can be seen between two successive peaks.
🌊According to Elliott's wave theory, Etna seems to have completed the main wave B with a Zigzag(ABC/5-3-5).
💡Let's look at the ENABTC chart for a better final decision.
🔔ENABTC has reacted well to the 🔴Resistance zone🔴, and I expect ENABTC to go down to at least the support line most likely to be broken.👇
🔔I expect Ethena(ENA) to continue falling to the 🟢Support zone($1.08-$1.04)🟢 after breaking the Support lines.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Ethena Analyze ( ENAUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
📚What is the Ethena(ENA)❗️❓
🔸Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money that is not reliant on traditional banking system infrastructure, alongside a globally accessible dollar-denominated savings instrument — the 'Internet Bond'.
✅Ethena(ENA) has responded well to the 🟡Potential Reversal Zone(PRZ)🟡, and is starting to fall.
💡Also, Regular Divergence(RD-) can be seen between two successive peaks.
🌊According to Elliott's wave theory, Etna seems to have completed the main wave B with a Zigzag(ABC/5-3-5).
💡Let's look at the ENABTC chart for a better final decision.
🔔ENABTC has reacted well to the 🔴Resistance zone🔴, and I expect ENABTC to go down to at least the support line most likely to be broken.👇
🔔I expect Ethena(ENA) to continue falling to the 🟢Support zone($1.08-$1.04)🟢 after breaking the Support lines.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Ethena Analyze ( ENAUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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