$ENA Update: Hey folks, it’s been a bit since my last take on this. Price bounced right off that wave (ii) resistance area I mentioned, but then it just kept sliding and hit fresh bear market lows. Ouch.
As long as we’re stuck under that key trendline, I’m betting on more downside action ahead. But hey, if we punch through it to the upside, that could signal wave (iv) kicking off.
Watch out for heavy resistance lurking between $0.20 and $0.25 – that’s gonna be a tough nut to crack.
What do you think? Still holding or waiting for a dip?