Ethena/USDT
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Ethena (ENA): Bullish means bullish —signals from all sources

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Another bullish altcoin, another bottom process, another accumulation phase, another bullish signal.

Good afternoon my fellow Cryptocurrency trader, I hope you are having a nice start to this week, and Crypto continues slow but slowly turning green.

Here we have Ethena—ENAUSDT.

The chart's drawing clearly show a multiple months long double-bottom and the confirmation of a range as support. While this process unravels, we see volume going up—really high volume of course.

Highest volume at the all-time low, and only recently on the second low, confirms the bearish period is over, whale accumulation is happening behind the scenes. Smart money position's itself at the best possible prices, then continue buying through the entire bull-market, pumping up their very own initial bottom-bought. When the market reaches extreme levels, hype, highs and overbought, they take profits, the entire process can take years to unfold.

Notice that smart money doesn't buy only once at the bottom. It loads up at the bottom for months—the accumulation phase, then rides the entire wave all the way-up, buying and buying as the market moves higher. This is what Strategy will be doing with Bitcoin.

Instead of buying hard, billions, too fast which cannot be sustained, the buying will be done slowly and periodically, now that the strength of the market has been tested, now that it is known that $60,000 is the floor. Just knowing this tiny piece of information supports what we've been seeing through hundreds of charts. All these signals work in combination.

You can see it on a big project or small project, you can see the signals coming from the exchanges or stocks. Signals can come from geopolitical events or the stars; everything points up, and as everything points to the Moon, we will take the trip to the Moon and continue all the way to Jupiter or Mars. Whichever comes first. Ok, we will pass through Mars but keep going all the way to Neptune.

Thank you for reading.

Namaste.

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