📉 $ENA / Bearish Flag Pattern – Is the Collapse Coming? 🐻⚠️
🔍 Current Situation:
Ethena (ENA) is trading within a "Bearish Flag" pattern after a strong decline. This pattern often indicates a continuation of the downward trend, especially with weak buying momentum.
📊 Technical Signals:
• Volume is fading during the consolidation – a negative signal
• RSI is in the overbought territory
• Negative crossover in MACD
• Whale distribution is increasing 🐋
• Exchange balances are rising – potential selling pressure
📉 Negative Scenario:
Breaking support = likelihood of a sharp collapse due to market panic and liquidation of positions
📈 Positive Scenario:
Only a strong breakout above the current range with clear buying momentum may change the course
⚠️ The market is very sensitive right now — risk management is essential
Follow the analyses closely #CryptoEmad
