ENAUSDT. 0.2323. LONGThe token looks quite strong: no pullbacks from the key level, good accumulation, retest and reduced volatility; all this points to the possibility of a breakout and a strong long movement.
ENAUSDT.P trade ideas
ENA/USDT All "ETHENA" possibilities I’ve conducted a technical analysis of this cryptocurrency, currently ranked 131📌 on CoinMarketCap, at the request of my friend 🥰😎
Below is a link to the roadmap, whitelist, and more information about the project.🚧📃ℹ️
👉🏻 coinmarketcap.com 👈🏻
🟩 At the moment, given Bitcoin’s current position in a short-term descending channel, I don’t expect a rapid pump or significant growth for this coin. However, if Bitcoin manages to recover, and considering this coin is on the verge of breaking a strong descending channel trend, along with the project’s progress according to the roadmap, there is a chance that the primary profit target could be hit with gains exceeding 200%.🦾💸🦸🏻♀️🙌🏻
🟦 A more likely scenario is that the coin will move sideways for now, allowing it to build enough volume and buying strength to break the strong trend line and improve its position on the RSI for a potential upward movement.🌋🔥🐦🔥
🟥 However, if it falls below the last Fibonacci support level, given the current price decline, the project might collapse, signaling failure. 😱☠️
🔊 My overall recommendation is to avoid entering this coin at the moment. But if you’re willing to take the risk and aim for solid returns, patience will be key—perhaps over a year. This, of course, is highly dependent on Bitcoin’s performance. 💡🪙🏮
🆘 Based on the marked levels, you can set your stop-loss and take-profit targets in stages to minimize risk ⚠️
🚨 As with all cryptocurrencies, make sure you manage your trade by closely monitoring 👑Bitcoin’s👑 performance.💯
🎉🎊To help the community stay updated, I’ve decided to post more Bitcoin analyses moving forward.🎉🎊
📌👀😍 So, keep an eye on notifications from my account, as I usually post analyses at critical moments.💥💣💸🫰🏻🤑
If you follow along, you can benefit from timely insights.🧧💰
🔗 www.tradingview.com 🔗
😊 Make sure to follow my page and turn on the notification bell to stay informed, my friend.🔔🙋🏻♂️
🎯 Wishing you success and profitable trades! 🧲💲
ENAUSDT.1DAnalyzing the ENA/USDT daily chart provides a clear perspective on current market conditions and potential future movements:
Current Price Action:
ENA is trading around $0.231, having recently found some support around the $0.198 level (S1). This support seems to be holding firm, indicating a possible consolidation zone after a more extended downtrend.
Key Support and Resistance Levels:
The nearest resistance is at $0.301 (R1). This level previously acted as support, suggesting it might now serve as a resistance point. The next significant resistance is higher at $0.387 (R2), which may come into play if a more robust recovery begins.
Besides the immediate support at $0.198, the descending green trendline (S2) also suggests a dynamic support level that could influence future price movements.
Technical Indicators:
The MACD is slightly below the zero line but shows a converging trend towards it, hinting at decreasing bearish momentum and a potential shift towards bullish sentiment if it crosses above the signal line.
The RSI at 34.48 is close to oversold territory, which could suggest a buying opportunity if other indicators align positively.
Trading Strategy:
Given the recent stabilization above $0.198, I would consider initiating a small long position with an initial target at $0.301 (R1). It would be prudent to place a stop-loss slightly below the recent lows around $0.194 to limit potential downside.
If the price breaks above $0.301 with significant volume and MACD crossover, I might add to the position or adjust my stop-loss upwards to lock in profits while targeting the next resistance at $0.387 (R2).
Risk Management:
It's crucial to manage risk carefully, especially given the volatility and the potential for rapid price changes. Using a stop-loss and monitoring the trade closely for any signs of reversal will be key to safeguarding the investment.
This analysis aims to capitalize on potential upward momentum while closely monitoring key technical levels and indicators to adjust strategy as needed.
#ENA SELL trade **Technical Analysis Chart Description:**
Welcome to my Technical Analysis charts on TradingView! Before we dive into the analysis, it's essential to understand some important warnings:
1. **Subjectivity Alert:** Technical analysis involves interpreting market data and chart patterns, which can be subjective. Different analysts may interpret the same data differently, leading to varied conclusions.
2. **Historical Performance Doesn't Guarantee Future Results:** Past price movements do not guarantee future price movements. While historical data can provide insights, it's crucial to consider other factors that could influence price action.
3. **Risk of False Signals:** Technical indicators and chart patterns can produce false signals, leading to potential losses if relied upon blindly. Always cross-verify signals with other indicators or fundamental analysis.
4. **Market Volatility:** Crypto markets are highly volatile and can experience rapid price fluctuations. Be prepared for sudden and unexpected price movements, which may invalidate previously identified patterns.
5. **Risk Management:** Proper risk management is essential. Never invest more than you can afford to lose, and consider using stop-loss orders to mitigate potential losses.
6. **Emotional Bias:** Avoid emotional decision-making based on short-term price movements. Stick to your trading plan and strategy, and don't let fear or greed influence your decisions.
**Disclaimer for Crypto Trading:**
Trading cryptocurrencies carries inherent risks, and it's important to understand the following:
Cryptocurrency markets are highly speculative and can be subject to extreme volatility. Prices can fluctuate significantly within short periods, leading to substantial gains or losses.
Investing in cryptocurrencies involves the risk of total loss of capital. Unlike traditional assets, cryptocurrencies are not backed by any tangible assets or central authority, making them inherently risky.
Regulatory uncertainty and market manipulation are additional risks associated with cryptocurrency trading. Regulatory changes or negative news can have a significant impact on prices.
This analysis is for informational purposes only and should not be construed as financial advice. It's crucial to conduct thorough research and consult with a qualified financial advisor before making any investment decisions in the cryptocurrency markets.
By using this analysis, you acknowledge and accept the risks associated with cryptocurrency trading and agree to trade at your own discretion. The author of this analysis shall not be held responsible for any losses incurred as a result of using the information provided.
#ENA/USDT#ENA
We have a descending channel pattern on the 12-hour frame, the price is moving within it and adhering to its borders well
We have a support ar ea in green at a price of 0.800 after the price touched it and rebounded from it
We have a trend to stabilize above the moving average 100
We have a descending trend on the RSI indicator that supports the price upwards and is expected to break it
Entry price 0.2900
First target 0.330
Second target 0.355.
Third target 0.386
ENA — Another One To Break Out Soon?Many tokens have broken out of their long-term downtrends in the last few days and pumped hard. If you missed the train, you should put ENA on your watchlist.
ENA has been on a downtrend for months but has set up a chart that screams for a breakout:
• It shortly dipped below the crucial level at 0.3 and formed a perfect bottom.
• After reclaiming the 0.3 level, it retested it again — this time successfully.
• Right now, the token made its first attempt to break out of the descending channel.
Given the current market continues to show strengths, we should see a breakout shortly.
If ENA breaks out, the price should rise rapidly. The first target is 0.67, while the stronger resistance is at $1.
#ENA/USDT#ENA
The price is moving in a descending channel on the 1-hour frame and is about to break upwards
We have a trend to stabilize above the 100 moving average
We have an upward trend on the RSI indicator
We have a major support area in green at a price of 0.220
Entry price 0.240
First target 0.288
Second target 0.320
Third target 0.358
ENAUSDTENA ~ 12H
#ENA Successfully broke through the resistance of this descending pattern.
Buy in stages. bulls will continue to push the price as long as it is above this resistance.
Strategic Buy Opportunity in ENA CryptocurrencyDescription
Unlock the potential of the ENA cryptocurrency with this strategic guide for buy trades on TradingView. This overview integrates key fundamental factors to help you make informed trading decisions in the fast-paced world of crypto.
Fundamentals Overview:
1. **Project Fundamentals**: Understand the core vision and technology behind ENA. Consider the project's development roadmap, partnerships, and the problem it aims to solve within the blockchain space. Strong fundamentals can drive long-term value.
2. **Market Sentiment**: Stay attuned to broader market trends and sentiment. Cryptocurrency markets are highly influenced by news, social media trends, and community engagement. Positive sentiment can lead to significant price appreciation.
3. **Adoption and Use Cases**: Analyze the adoption rate of ENA and its real-world use cases. The wider the adoption, the more likely the asset will appreciate in value. Keep an eye on developer activity and the growing ecosystem around ENA.
4. **Regulatory Environment**: Monitor the regulatory landscape for cryptocurrencies, as changes in regulation can impact ENA’s price and overall market sentiment. Favorable regulations may boost investor confidence, while restrictive policies could introduce risks.
Disclaimer:
Trading cryptocurrencies like ENA involves significant risk due to high market volatility. Prices can fluctuate dramatically within short periods, potentially leading to substantial financial losses. It is crucial to only invest money that you can afford to lose. Before trading, ensure you fully understand the risks involved and consider seeking advice from a financial professional. Cryptocurrency markets are also subject to regulatory changes, which may affect the value and legal status of digital assets.
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Utilize this guide to refine your buy strategy for ENA, integrating fundamental analysis into your trading approach. Stay ahead with up-to-date market information and insights to make well-informed decisions in the dynamic cryptocurrency market.
ENAUSDT.PENAUSDT.P is in bearish trend.
Potentially printing LH and LL.
No sign of reversal .
Sellers are strongly active.
We Sell at CMP because trend is strongly bearish.
ENA/USDT Looking Very Interesting! Huge Potential!ENA looks very interesting to me. On the lower timeframe, the price has tested $0.29 multiple times and refused to go lower. With the newly developed 21-EMA on the weekly chart currently sitting at $0.67, and the expectation of BTC being green this week, this setup appears promising.
ENA/USDT
Entry: 0.2932
Stop: 0.2745 (optional for spot position)
Target 1: 0.3681 (if using leverage)
Target 2: 0.4933 (confluence of weekly structure with weekly 13-EMA)
LONG TERM FOR ENAThis might not yet the best week to enter the alts but it'll be good for long term hodl #LONG
ENA - A reversal is inevitable #ENA/USDT #Analysis
Description
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+ The price has formed a channel and is currently trading within it.
+ A clear breakout from the channel could trigger a bullish trend.
+ A minor correction is expected before the trend reverses.
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VectorAlgo Trade Details
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Entry Price: 0.35
Stop Loss: 0.27
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Target 1: 0.39
Target 2: 0.44
Target 3: 0.51
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Timeframe: 4H
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
ENA in an impulse?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Looks like an impulse may be coming in here.
Want to see a break of the low then a reversal back above it for at least a retrace of the larger degree.
LL first for this idea.
If it breaks up before breaking .256 will have to reconsider.
Trade Safe!
Trade Clarity!
ENA - Long frm 30 centsSo, bit of a risky setup but think there is a decent chance ENA will find a bottom around 30 cents. It's pretty obvious that this was the opening price at launch so I expect some buying here but not interested in holding this coin any longer than that.
40 cents would be the first resistance that needs to break, if it does good chance the bottom might be in. Target should be somewhere around 0.62-0.64.
But I have to say anything could happen with those low volume market cap coins as they are easy to manipulate, so if you want to risk this trade, go with a much smaller position, maybe 1/10-20 of what you are usually trading and have proper risk management.
Stay safe!
ENA longThe coin has broken through its local low and needs to slow down. You can wait for confirmation and only then enter. And ideally, setting a position below the global level, the goal of 100% looks very sweet
ENAUSDT - LONG SIGNAL✉️ Pair: ENAUSDT
📈 Direction: Long
💯 Leverage: Cross 5x - 10x - 20x
📊 Entry1: 0.430 USD
📊 Entry2: 0.410 USD
✅ Target 1: 0.480 USD
✅ Target 2: 0.550 USD
✅ Target 3: 0.620 USD
✅ Target 4: 0.700 USD
⛔️ Stop Loss: 0.350 USD
Manage your risk – never trade more than 1% of your capital on a single trade.
🔔 For more updates, follow me and don`t forget to hit the BOOST :D
#ENAUSDT #LONG #100X Hi my friends
In my opinion, this project will act like this
Again, this is a personal opinion and the transaction according to this opinion is your responsibility
#ENA/USDT#ENA
The price is moving within a descending channel pattern on the 1-hour frame and broke it upwards after adhering to it significantly
We have a downtrend on the RSI indicator and it was broken upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 0.400
We have a trend to dot higher than the 100 moving average
Entry price 0.400
First target 0.434
Second target 0.458
Third target 0.483
Short position on ENAUSDT 49Min/ Trading setupBINANCE:ENAUSDT
BITFINEX:ENAUSD
SL2 ---- Mid-risk status: 4x-5x Leverage
SL1 ---- Low-risk status: 2x-3x Leverage
⚡️TP:
0.439
0.429
0.425
0.4208
0.4167
0.4132
0.4090(In Optimistic Scenario)
➡️SL:
0.4617
0.47
The Alternate scenario:
If the price stabilize above the trigger zone, and stabilize above resistance line, the setup will be cancelled.
ENA 4H Short Trade
Expecting ENA to continue its downside movement, with targets at
- 0.413 (Support level from previous pivot)
- 0.381 (previous support level)
- 0.343 (July low)
Trade supported by bearish RSI divergence, impulsive wave to the downside and lack of RSI divergence in the July low.
RE-ENTRY ON ENA/USDTIn my previous analysis, I closed the trade manually after the daily candle showed a rejection wick and closed red.
Right now, I see a good opportunity to enter a 10:1 risk-to-reward trade on ENA. I might close this trade manually for a 4.5:1 risk-to-reward ratio if I see a reaction around the 50-day EMA on the daily timeframe. Let's see how this one goes!
ENAUSDT: Bullish TrendENA is formed bullish divergence on 1hr time frame, previously ENA is moving in down trend and forming LLs and LHs but after the bullish divergence ENA change the trend from Bearish to Bullish so we will wait for the break of the previous LHs for the confirmation of the bullish trend and take a long/buy trade.
