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ENAUSDT trade ideas

Alikze »» ENA| Movement in the descending channel🔍 Technical analysis: Movement in the descending channel - In the analysis presented in the previous post , it was able to move up to the 0.78 Fibo range according to the predicted movement path, which then encountered a correction that also traversed the alternative path. - Currently, after breaking the downtrend channel, it has re-entered the channel. - It is moving in an ascending channel in the 12H time frame. - After breaking the support area, which is now a supply range for an upward trend, it has faced selling pressure, which, of course, has tried to break it several times, which has failed so far. - Therefore, if it can maintain the 0.39 area and stay above it, it can break the supply area and have an upward movement up to 0.586. - Furthermore, considering that the supply zone is in the middle of the downward channel, if it fails, it can test the 0.78 Fibo zone again. 💎 Alternative scenario: In addition, you should note that breaking and stabilizing below the 0.39 area can continue the downward trend up to the Fibo range of 1.618. 🎯 Targets: 0.586 - 0.78 Fibo 🟩 Support: 0.39 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»««« BINANCE:ENAUSDT
Long
by alikze
Ethena Price Prediction: Bullish Signs Signal ContinuationThe recent price action of BINANCE:ENAUSDT has shown significant volatility, with closing prices moving from $0.417 to $0.504 over the past five periods. This upward momentum indicates a potential bullish trend, supported by the increasing exponential moving averages (EMAs). The 9 EMA has steadily risen from $0.440 to $0.463, while the 20 EMA has moved from $0.455 to $0.462, indicating short-term bullish momentum. Critical resistance levels to watch are $0.505, $0.514, and $0.534. The current bullish trend suggests that the price might test these levels if the momentum continues. A breakout above $0.505 could pave the way for further gains towards $0.514 and possibly $0.534. Conversely, the support levels to monitor are $0.489, $0.457, and $0.413. Should the price face selling pressure and break below $0.489, the next significant supports are at $0.457 and $0.413. The MACD indicator has shown a shift from bearish to bullish signals. Initially, the MACD line was below the signal line, indicating bearish momentum. However, as the histogram has turned positive, it reflects a transition to bullish sentiment, suggesting that the price might continue to rise in the short term. The RSI has also been indicative of changing momentum. Initially, the RSI was in the oversold territory around 33, which typically signals a potential buying opportunity. As the RSI climbed to 62, it moved into the neutral-to-overbought zone, suggesting that the upward momentum might still have room to run, but caution is warranted as it approaches overbought levels. For traders looking to capitalize on the bullish momentum, a potential entry point could be around the $0.489 support level, targeting the resistance levels at $0.505 and $0.514. Setting a stop-loss slightly below $0.457 could help manage risk in case of a bearish reversal. For those considering short positions, entering around the resistance level of $0.505, with targets at the support levels of $0.489 and $0.457, might be a viable strategy. A stop-loss above $0.514 can help mitigate losses if the price continues to rise.
Long
by Ecoinimist
Bearish Signal in ENAUSDT: Market Volatility Ahead! Exciting Developments in ENAUSDT! 🌟 At 15:00 CET, Van Rojas Capital's sell signal on ENAUSDT sparked attention at a price of 0.5460: ENA token holders are witnessing pivotal changes as the Enadeus DAO introduces innovative mechanisms to enhance user participation and governance. The recent updates aim to fortify the decentralized financial ecosystem, promising greater transparency and inclusivity. Recent News: Price Movements: The price of Ethena (ENA) has seen significant volatility, recently hitting an all-time low of $0.5181 before slightly recovering. Over the past 24 hours, the price has fluctuated between $0.533 and $0.574​ (CoinMarketCap)​​ (CoinCodex)​. Market Performance: ENA has experienced a decline of 7.9% in the last 24 hours and an 11.8% drop over the past week, reflecting the broader market trends and investor sentiment​ (CoinGecko)​​ (Coinbase)​. Integration and Developments: Ethena Labs is integrating its synthetic dollar (USDe) with new platforms, which has generated both interest and volatility in its price. This integration aims to provide a crypto-native solution for decentralized finance that is not dependent on traditional banking infrastructure​ (CoinCodex)​​ (LiveCoinWatch)​. For those eager to track the AI Robot trades live, thrilling times ahead! Stay tuned for more updates. 📉💫 #Crypto #ENAUSDT #Finance
Short
by VanRojasCapital
Alikze »» ENA | Pullback to broken structureIn time 1D and 8H, it has faced demand after supporting in the golden zone. 💎 According to the momentum and upward guard, if it is issued in the 8H period after meeting with the pullback trigger line to the golden limit, it can continue to grow up to the Fibo range of 0.78 after the support in the first step, and then this growth can continue up to the supply area. slow down 💎 Alternative scenario: if the golden zone and the range of 0.68 are broken, the correction can extend up to the range of 0.58 and the green box. »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Sincerely.❤️ »»»«««»»»«««»»»«««
Long
by alikze