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🌴
Enausdtperp
#ENA/USDT#ENA
The price is moving in a descending channel on the 12-hour frame and is sticking to it to a large extent and it was broken upwards
We have a bounce from the lower limit of the channel at a price of 0.200
We have an upward trend on the RSI indicator, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.220
First target 0.257
Second target 0.286
Third target 0.322
ENAUSDTGood Luck >>
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#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
#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