🚨 $ENA – Elliott Wave Analysis (Daily TF)

The correction of the second global wave appears to be coming to an end on the daily timeframe. According to the Fibonacci retracement, price has already pulled back to the 50–60%, possibly even 70% level of Wave 1.

📈 We are now preparing for a long position, waiting for a confirmed green candle on the 1-hour timeframe to enter.

This would signal the start of Wave 3, which — according to Elliott Wave theory — is typically the strongest and longest wave.

🎯 Take profit target:

• Minimum: retest or breakout of the previous high, which is the peak of Wave 1

• Potential: 1.618 Fib extension or higher, depending on price action

Stay sharp — we’ll watch the price action closely and update as it unfolds.

#ENA #ElliottWave #CryptoTrading #Fibonacci

#LongSetup #Wave3