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ENA/USDT Potential Pullback to Trendline Support Before ResumptiThe ENA/USDT daily chart shows a potential pullback scenario to a significant upward trendline support before continuing the bullish trend. The current structure suggests healthy consolidation after the recent rally. Key Observations: Trendline Support: The green upward trendline has consistently supported the price since the beginning of the uptrend, indicating its importance as a key level. Bollinger Bands: Price is currently consolidating near the upper band, with a likelihood of retracing toward the middle band or trendline for mean reversion. Support Zone: A potential pullback to the range of 0.53–0.54 aligns with the trendline and provides a solid re-entry point. Trade Plan: Entry Strategy: Enter long positions within the 0.53–0.54 support range, awaiting confirmation with bullish candlestick patterns or increasing volume. Stop Loss: Place stop loss below 0.52 to protect against a breakdown of the trendline. Take Profit Levels: First Target: 0.58 (recent local high). Second Target: 0.60–0.62 (next resistance zone and upper Bollinger Band area). This analysis assumes the continuation of the bullish trend, supported by volume and overall market structure. Monitor for increased selling volume to adjust the plan if necessary.
by cashback-ventures
Is ENAUSDT About to Skyrocket or Fake You Out? Yello Paradisers ! Is #ENAUSDT finally ready to reverse its trend, or is this just a trap for unsuspecting traders? Let's dive into what we see in the charts and break down the key zones for you! 💎#ENAUSDT has been in a clear downtrend for several days, forming lower lows and lower highs on the lower time frames. It has been consistently trading within a descending resistance trendline, but there’s a critical shift: a breakout and retest of this trendline have recently taken place, along with a liquidity sweep that perfectly tapped into a major demand zone. 💎Now, the pair has managed to reclaim a previous support zone and is holding just above it. This change in behavior signals a potential bottoming formation, especially as we see the RSI showing signs of exhaustion. On top of that, a bullish divergence is building up, adding more weight to the case for a probable reversal. 💎The pair now has probability upside move towards the resistance zone at 0.3121, and if accumulation continues with strong buying volume, we could see a push towards the next resistances at 0.3388 and 0.3740. Keep a close watch on how it behaves around these levels, as they could define the next trend move. 💎However, don’t let your guard down! The trend setup will be invalidated if we see a 4-hour candle closing below the demand zone at 0.2563. Such a move would suggest that sellers are still in control, and this potential reversal could turn into a bear trap. Stay sharp, Paradisers! Will this be a breakout or a fake-out? Only time—and disciplined trading—will tell! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
1
#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
Long
by CryptoAnalystSignal
#ENA/USDT#ENA The price is moving in a bearish channel on a 1-hour frame, and it adheres to it well, and the price rebounded from the green zone at the price of 0.77. The channel has been broken upwards and is being retested We have a tendency to stabilize above the Moving Average 100 We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise Entry price is 0.840 The first goal is 0.900 The second goal is 1.00 Third goal 1.08
Long
by CryptoAnalystSignal