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ENAUSDT trade ideas

ENAUSDT — Double Top Breakdown: Is a Bigger Drop Coming?Yello, Paradisers! Have you spotted the double top pattern on #ENAUSDT? Let’s break it all down clearly. 💎#ENA is showing a double top breakout, which is a strong bearish signal. The price recently broke below the support neckline and is now retesting that same level, which has turned into a resistance zone around $0.85 to $0.91. This area is key. If the price gets rejected here, it’s likely to continue its downward move toward the next support at $0.68. There’s even a chance it could drop lower into a stronger support zone if the selling pressure increases. 💎However, if ENA manages to reclaim this resistance zone, the price could push higher and target the supply zone between $1 and $1.08. In this case, it would grab liquidity before continuing its downward trend. Keep in mind that this move wouldn’t necessarily signal a full reversal — it could just be a temporary bounce. 💎The key level to watch for bearish invalidation is $1.08. If we see a daily close above $1.08, it would suggest that the bearish structure has broken and the price could shift back into a bullish trend. Remember, consistency is what separates successful traders from the rest. Stay focused, Paradisers. MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise
12
ENAFake support has been created by smart money around the 0.90 zone to induce retail traders in placing their longs at that level I would think the trend would target the weekly imbalance which would take out these lows whereas also give us a deviation. Green box is my entry where I would seek a market structure shift as well Daily MACD is under the zero line plus with additional imbalances created above, I dont think the trend will seek additional liquidity. Long term trend is still bullish
Long
by Shykh_Trades
1
ENA/USDT on the Edge Major Breakdown Signals Big Moves Ahead!The chart showcases ENA/USDT breaking down from a well-established channel pattern, signaling potential bearish momentum. This breakdown indicates a shift in market sentiment, as bulls have failed to hold the key support levels. The price action now reflects a retest of the broken channel's lower boundary, which is likely to act as a significant resistance area. ENA has exited the channel pattern, with the price moving decisively below the structure. This breakdown is a critical bearish signal, as it invalidates the previous trend's upward momentum. The levels of $0.84 and $0.89 will act as key resistance points. The $0.84 level represents the immediate resistance derived from the channel's lower boundary, while $0.89 aligns with a historical supply zone, where sellers are likely to dominate if the price approaches this level. A failure to reclaim these levels will reinforce the bearish bias, encouraging sellers to push the price lower. If the price fails to reclaim the resistance levels, the bearish breakdown could extend toward $0.73, which is the first significant demand zone, followed by $0.66, a mid-level support identified from previous accumulation zones, and $0.58, the ultimate bearish target if selling pressure accelerates. The breakdown has been accompanied by increased sell-side volume, indicating strong participation by sellers. Any attempts to reclaim the resistance levels must also show increasing volume on the buy side to invalidate the bearish structure. The breakdown below the channel has likely shaken bullish confidence. When the price retests the resistance zone between $0.84 and $0.89, short positions may dominate, targeting the lower support levels. Traders should watch for price action near the $0.84 to $0.89 resistance range. A clear rejection at this zone, coupled with low bullish volume, will confirm the bearish continuation. Conversely, if bulls manage to reclaim and hold above $0.89, it could invalidate the bearish outlook and signal a recovery toward $1.00. ENA/USDT has shown significant bearish signs with the channel breakdown and subsequent retest of resistance levels. The likelihood of further downside remains high unless bulls reclaim the $0.89 level. Traders should exercise caution and focus on price action around the key resistance and support zones for optimal trade entries.
Short
by wolfchemist
ENA rebuy setup (1D)This is one of the symbols that Trump had invested in. It now appears that a supercycle has completed, and the price has entered a new wave phase (wave E). The low-risk area for rebuying in spot trading includes the two entries we have highlighted on the chart. Minimum targets are indicated on the chart. If ENA can stabilize above the supply zone, it may become very bullish again. The closure of a daily candle below the invalidation level will invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
ENA USDTENA/USDT chart using a 4-hour timeframe. The chart highlights significant support and resistance levels and zones. Key resistance areas are marked in green, at $1.1346 - $1.1004, and above, with the highest resistance near $1.3038. The red zone, at $0.8698–$0.8920, represents a critical resistance level that previously served as support. On the downside, the chart features an orange support zone at $0.6701 - $0.6923 and blue support zone at $ 0.4833 - $0.5040. The orange zone indicates a major support area, while the blue zone represents a key long-term support. The current price is $0.7800, trading near on the support level at $0.7576. The price action indicates a bearish sentiment as it breaks below previous support levels. According to our, the price could break the support level at $0.7576 and bounce back from the orange support zone.
Long
by TheCryptoCity
ENA LONG/SHORT Strategy on 4 Hour (and long-term TP's)For some short term plays: I always have limit orders placed at FVG's and ENA has just posted two big FVG's on the 4HR chart as it recovers from this weeks volatility. I'd be expecting these to be filled/touched at some point, with the 0.618 FIB also playing a role I think a reasonable buy would be at the ~1.0159 mark. If the price continues to rally to ~1.23 I may go short if OBV (yellow line is 14 EMA) indicates so. I have a limit order buy at this level but will need to confirm with OBV (I also have Stoch OBV, OBV RSI for confirmations not shown here). Why this may be not happen? A very strong project with great potential to reach new all time highs. Price could easily keep running based on its fundamentals alone. A long term perspective: I've got take profit targets at 1.73, 1.97, 2.67, 3.81 and 4.94 for my long term positions.
by Off-The-Chart-CTC
ENAUSDT Analysis - What Shall we Expect !!!As you can see, the price is likely forming a cup and handle pattern. If our assumption is correct, we should wait for this pattern to break out to see a price increase. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
2
Bullish Cases for ENA/USDT#Bull_Insights #014 Coin Ticker : #ENA Market : Binance Time Frame : 1 Week. This report analyzes the bullish indicators for ENA/USDT as depicted in the provided chart, highlighting potential upward trends and investment opportunities based on technical analysis. Key Observations: Volume Surge : There's a noticeable increase in trading volume at the end of 2024, which often precedes significant price movements. High volume can indicate strong buying interest, suggesting a potential bullish trend. Price Consolidation : The price has been consolidating within a tight range, marked by the red dashed lines (approximately $1.2 - $1.4 USDT). Consolidation after a downtrend and rebound can lead to a breakout, often upwards if accompanied by increasing volume. Support and Resistance: The consolidation area acts as a strong support level. If ENA breaks above the resistance with significant volume, it could signal the start of a new uptrend. Moving Average Cross: Although not explicitly shown, the price action near what appears to be a moving average specifically on the daily time frame confirms a golden cross (short-term MA crossing above long-term MA), a bullish signal. Relative Strength Index (RSI) : The RSI, if considered, rebound from the oversold area and currently showing bullish sentiment with a divergence in the formation (not visible in the chart). An RSI moving upwards from an oversold condition or showing bullish divergence could confirm buying momentum. Pattern Formation : The price action seems to be forming a potential double bottom or and in some particular cases inverse head and shoulders pattern, both of which are bullish reversal patterns. Confirmation of these patterns with a breakout above the neckline or the red rectangle resistance area would be a strong bullish signal. Fibonacci Retracement: The price is currently near the 1.68 Fibonacci extension level. A bounce from these levels could indicate the resumption of the forming uptrend. 🔼Bullish Cases: Breakout Scenario: A breakout above the current resistance with high volume could lead to a target price calculated by the height of the consolidation range, potentially pushing ENA towards $1.6 - $1.8 USDT in the short term and will pave a way for the long term ATH move for the coin. Pattern Confirmation : If the patterns mentioned (double bottom or inverse head and shoulders) are confirmed, this could lead to significant price appreciation, targeting levels beyond the previous highs. Volume Confirmation: Continued increase in volume alongside price movement will validate the bullish case, suggesting strong market interest and potential for sustained growth. Fundamental View on the future of MIL:ENA : ▶️ Sector: DeFi ▶️ MC: $3.73B ▶️ FDV: $18.58B ▶️ Unlocked supply: 20.22% - Ethena is a synthetic dollar protocol built on Ethereum. - It offers a crypto-native solution for money that doesn't rely on traditional banking infrastructure. - Additionally, it provides a globally accessible, dollar-denominated savings instrument — the "Internet Bond." Conclusion: The current technical setup for ENA/USDT shows several bullish indicators. However, investors should watch for confirmation through volume and price action before making investment decisions. Always consider broader market conditions and news related to ENA that could affect its price independently of technical indicators. Recommendation: Monitor ENA/USDT closely for breakout signals above the current resistance. If confirmed with volume, consider entering long positions with stops below the consolidation area for risk management.
Long
by cryptotalk_et
ENA/BTC.DMarkets can be deceiving. Often you need to look deeper than just price action and combine indicators to help tell a better story. I've found divergence and convergence between price and various indicators, particularly volume-based metrics and oscillators fairly successful. Remember it's all about supply and demand. Find imbalances and deviations. I've found order flow and auction market theory useful when navigating the markets. By the way, can you spot the divergence? Let's see if the volume and open interest support the current move. If so, we should see a continuation in price action (until proven otherwise IE conformation or rejection moves in trends). This concept can be deceptive as we need to consolidate movement amongst whatever fancy indicator you like using. I'm specifically looking for deviations in market structure (higher highs and lower lows etc.) By observing changes in market structure amongst different indicators. It paints a better picture around buyer and seller pressure. Observe to see if the receiving side can absorb the pressure or not.
by postmandan79
Prepare to BUY Spot DGB on H4 CyclePrepare to BUY Spot DGB on H4 Cycle 🌟 Short-Term Opportunity with Potential for Extended Gains! 🌟 🌍 Market Overview: DGB is positioned for a BUY signal on the H4 timeframe, offering a promising setup for both short-term and mid-term gains. 📊 Trade Plan: 📌 Entry Point: $0.15 – Accumulate at this level for an optimal position. 🎯 Target: +30% for short-term profits. If D1 confirms the signal, aim for +100% for extended gains. ⏳ Hold Time: Short-term: Up to 3 days. Extended: Up to 2 weeks if targeting 100%. 🔍 Strategy Insights: H4 Momentum: Designed for quick profits based on short-term market waves. D1 Confirmation: If the D1 signal is confirmed, hold for larger trend potential. 💡 Note: This is not financial advice. Always DYOR before trading. 🔥 DGB is ready for action – Position yourself now! 🔥
Long
by rainbow_sniper
3
ENA/BTC.DMarkets can be deceiving. The markets are ruthless and will chew you up if you are not careful. Often you need to look deeper than just price action and combine indicators to help tell a better story. I've found divergence and convergence between price and various indicators. Particularly volume-based metrics and oscillators which highlight trend deviation a bit better. Remember it's all about supply and demand. Find imbalances and deviations. I've found order flow and auction market theory useful especially in a bull market.
by postmandan79
ENAUSDT: Short-Term Trading OpportunityENAUSDT: Short-Term Trading Opportunity Market Overview ENA is showing a favorable setup on the H4 and D1 timeframes, with a solid accumulation zone around $1.24 or lower. This presents a promising opportunity for short-term gains within the current market cycle. Trade Plan 📌 Entry Point: $1.24 or lower – Ideal for positioning before potential upward movement. 🎯 Target: 20-30% profit – Targeting significant returns in a short timeframe. ⏳ Hold Time: Maximum 1 week – Designed for efficient capital allocation. 💡 Note: This is not financial advice. Always conduct your own research and manage risks effectively.
Long
by rainbow_sniper