ðToday, 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 notâïļâ
ðWhat is the Ethena(ENA)âïļâ
ðļEthena 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 â the 'Internet Bond'.
â Ethena(ENA) has responded well to the ðĄPotential Reversal Zone(PRZ)ðĄ, and is starting to fall.
ðĄAlso, Regular Divergence(RD-) can be seen between two successive peaks.
ðAccording to Elliott's wave theory, Etna seems to have completed the main wave B with a Zigzag(ABC/5-3-5).
ðĄLet's look at the ENABTC chart for a better final decision.
ðENABTC has reacted well to the ðīResistance zoneðī, and I expect ENABTC to go down to at least the support line most likely to be broken.ð
ðI expect Ethena(ENA) to continue falling to the ðĒSupport zone($1.08-$1.04)ðĒ after breaking the Support lines.
âïļâ ïļNoteâ ïļâïļ: An important point you should always remember is capital management and lack of greed.
Ethena Analyze ( ENAUSDT), 1-hour time frame â°.
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 â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
ðWhat is the Ethena(ENA)âïļâ
ðļEthena 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 â the 'Internet Bond'.
â Ethena(ENA) has responded well to the ðĄPotential Reversal Zone(PRZ)ðĄ, and is starting to fall.
ðĄAlso, Regular Divergence(RD-) can be seen between two successive peaks.
ðAccording to Elliott's wave theory, Etna seems to have completed the main wave B with a Zigzag(ABC/5-3-5).
ðĄLet's look at the ENABTC chart for a better final decision.
ðENABTC has reacted well to the ðīResistance zoneðī, and I expect ENABTC to go down to at least the support line most likely to be broken.ð
ðI expect Ethena(ENA) to continue falling to the ðĒSupport zone($1.08-$1.04)ðĒ after breaking the Support lines.
âïļâ ïļNoteâ ïļâïļ: An important point you should always remember is capital management and lack of greed.
Ethena Analyze ( ENAUSDT), 1-hour time frame â°.
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 â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
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