ENA/USDT
Pattern: Descending triangle or wedge-like structure
Momentum: Bullish bounce forming near key trendline support
Indicator: Bullish signals emerging on Prime Oscillator (green dot + rising histogram)
Key Levels:
Buy Zone: $0.295 – $0.311 (price currently in this zone)
Support Levels:
Major support: $0.280 – $0.295
Ultimate invalidation: $0.234
Resistance Levels:
First target: $0.375 (top of the wedge)
Major breakout target: $0.476 (supply zone overhead)
✅ Bullish Confluences:
Price holding above the ascending trendline.
ChartPrime Oscillator showing bullish signal (green dot and shift in momentum).
Price currently retesting the previous breakout structure, offering a potential re-entry.
⚠️ Risks:
If price breaks below $0.276, it could trigger a deeper correction.
Be cautious if Bitcoin weakens sharply.
Pattern: Descending triangle or wedge-like structure
Momentum: Bullish bounce forming near key trendline support
Indicator: Bullish signals emerging on Prime Oscillator (green dot + rising histogram)
Key Levels:
Buy Zone: $0.295 – $0.311 (price currently in this zone)
Support Levels:
Major support: $0.280 – $0.295
Ultimate invalidation: $0.234
Resistance Levels:
First target: $0.375 (top of the wedge)
Major breakout target: $0.476 (supply zone overhead)
✅ Bullish Confluences:
Price holding above the ascending trendline.
ChartPrime Oscillator showing bullish signal (green dot and shift in momentum).
Price currently retesting the previous breakout structure, offering a potential re-entry.
⚠️ Risks:
If price breaks below $0.276, it could trigger a deeper correction.
Be cautious if Bitcoin weakens sharply.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.