$ENA Trading Signals
The current trend indicates a bullish
movement as the moving averages (MA and EMA) are rising, and the MACD is positive suggesting upward momentum. However the RSI has decreased significantly indicating a potential weakening of buying pressure. The future trend may see a bearish correction as momentum indicators like the Stochastic Oscillator and CCl have dropped sharply suggesting a potential reversal or consolidation phase.
Trading Suggestion
The significant drop in RSl and Stochastic Oscillator suggests caution as they indicate potential weakening of the current uptrend.
Entry Price $0.3531
Stop loss $0.3664