Ethena (ENA/USDT) is showing a compelling buy opportunity on the 4-hour timeframe. A clear bullish divergence has formed on the RSI, indicating weakening selling momentum and a potential trend reversal. Additionally, price has successfully broken out of a descending channel, confirming a shift in market structure.
With the bullish divergence and channel breakout, ENA is poised for further upside. Consider entering long positions with a stop-loss below the recent swing low. Let’s ride the wave! 🚀
#Ethena #ENA #BullishDivergence #Breakout #Crypto
Feel free to adjust the support and resistance levels based on your analysis!
With the bullish divergence and channel breakout, ENA is poised for further upside. Consider entering long positions with a stop-loss below the recent swing low. Let’s ride the wave! 🚀
#Ethena #ENA #BullishDivergence #Breakout #Crypto
Feel free to adjust the support and resistance levels based on your analysis!
Trade closed: stop reached
false breakout
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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.