The ENA/USDT pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 0.3015
2nd Resistance – 0.3217
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Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 0.3015
2nd Resistance – 0.3217
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Trade active
Order PlacedNote
Now running in good ProfitNote
Ethena announced that it has agreed to wind down its operations in Germany, onboarding existing users to its British Virgin Islands entity in the process.Three weeks ago BaFin identified "serious deficiencies" in Ethena's USDe token.
Ethena is the yield-generating protocol with $4.9 billion in total value locked (TVL). The USDe token is dubbed a "synthetic dollar" and is backed by bitcoin (BTC), ether (ETH) and other cryptocurrencies.
Note
in Good Profit
Trade closed: target reached
with Good Profit
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Related publications
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.