Technical analysis by Stoic-Trader about Symbol ENS: Sell recommendation (8/4/2025)

▶️ The downtrend is currently held by green support just above 24.00, but there are no signs that the decline is over. ▶️ The move from blue resistance to green support showed strong momentum, suggesting it may be blue wave A of a downside ABC pattern. ▶️ This structure implies that a corrective blue wave B may follow, eventually leading to a blue wave C to the downside. ▶️ The yellow ascending trendline, originating at the April low, is being monitored as a potential target for blue wave C. ▶️ However, it’s too early to confirm this path... further price action is needed to validate the ABC scenario.