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ENS / TetherUS

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ENSUSDT trade ideas

ENSUSDT is testing the dynamic resistanceENSUSDT has recently experienced a breakout from an ascending channel pattern. This breakout indicates that the previous uptrend has potentially ended and a new trend may be starting. Currently, the price is testing the dynamic resistance level, which suggests that there may be some selling pressure at this level. According to Plancton's rules, if the price were to break below the local support level at the $13 area and subsequently retest it as a new resistance level, this would present an opportunity for traders to consider new short positions. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
19
RIDE 2 X LONG BULL ON ENS USDT 4 HOURS CHARTDear Tradingview family, Symbol: #ENS_USDT Strategy: #Trend_TRADING #Trendline #Support_Resistance Indicators: #Price_Action. #Chart_patterns #Trendline #Support_Resistance Anchor Time: 4 Hours Trading Time Frame: 1HOUR Trade Call Type: #LONG. Order Type: BUY LIMIT Entry: BUY when Price test the trendline. Entry price: 13.41 Take Profit: 15.90 Stop Loss: 12.17 RRR- 1:2 Methodology: As a professional and experienced forex, crypto and stocks trader, I will be using a rigorous methodology that involves analyzing the price action and key levels and using a combination of indicators, harmonic chart patterns and chart patterns. I will be looking for potential trendlines , support & resistance levels where the price action may reverse and using our indicators to confirm the validity of our analysis. Based on my analysis, I will then determine the optimal entry and exit points for our trade, as well as the appropriate stop loss level to manage risk. Conclusion: Based on our analysis, I believe that there is a potential trading opportunity for a LONG trade. Risk Assessment: Conservative Traders risk 0.5% to 1.5%, moderator traders risk 1.6% to 3.5% and aggressive traders risk 3.6% to 5% of their account per trade. Please use Position size calculator to calculate your risk per trade. Overall, I believe this setup has a good chance of success based on the technical analysis , but as always, it's important to monitor the price action closely and adjust the trade if necessary based on new information.
Long
by The_TradingW0LF
2
ENSUSDT is inside the ascending channelENSUSDT is currently undergoing a testing phase of its static support at 13.30 within an ascending channel. This means that the price is being supported at this level, and there is a possibility that it may continue to rise within the channel. However, there is also a chance that the price may retest the 0.5 Fibonacci daily resistance, which could potentially trigger a new bearish impulse. This means that the price may experience a downward trend, which could potentially lead to a sell-off. According to Plancton's rules, in the event of a breakdown, it may be advisable to take a short position. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
8