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Ena/UsdtBINANCE:ENAUSDT ### **Ena Current Price: $1.0215 💰 (Resistance Level)** The current price of **Ena (ENA)** is at **$1.0215**, which is a **key resistance level**. A **resistance level** is a price point where the asset might face selling pressure, which could prevent the price from moving higher. In simple terms, **$1.0215** is a level where traders may decide to sell, thinking that the price might not go higher. If the price holds at **$1.0215**, it suggests that buyers are still active and willing to support the price at this level, but if the price manages to break above this resistance, we could see further upward movement. --- ### **If the Price Holds at $1.0215 🚀:** - **Resistance at $1.2032 🔝**: If the price manages to hold at **$1.0215** and continues its upward momentum, the **first resistance level** to watch is **$1.2032**. This is where the price may face increased selling pressure again, which could slow down or stop the price from moving further upward. - **Resistance at $1.3543 🌟**: If **$1.2032** is broken, the next major **resistance level** is **$1.3543**. If the price reaches this point, there may be a stronger resistance, and it could act as a ceiling for the price, making it harder to go higher. --- ### **If the Price Fails to Hold at $1.0215 🚨:** - **Support Levels:** - **$0.8222 🔻**: If **Ena (ENA)** fails to hold the **$1.0215** level and starts falling, the **first support level** to watch is **$0.8222**. Support levels represent prices where the coin might find buying interest, preventing the price from falling further. If the price reaches **$0.8222**, buyers may step in, creating a "floor" for the price. - **$0.7131 💥**: If **$0.8222** doesn’t hold, the next level of support is **$0.7131**. At this point, the price could face further downward pressure, but **support** at this level may help stabilize the price again if demand picks up. - **$0.5945 🌊**: If the price continues to drop, the **final support level** is **$0.5945**. This is a crucial level because if the price falls to this point and cannot bounce back, it could indicate a deeper downward trend. --- ### **Summary:** - **$1.0215** is a **resistance level** where price might struggle to go higher. - If **Ena (ENA)** holds at **$1.0215**, resistance levels at **$1.2032** and **$1.3543** could limit further upward movement. - If the price doesn’t hold at **$1.0215**, **support levels** at **$0.8222**, **$0.7131**, and **$0.5945** might provide a "floor" for the price to bounce back. --- ### **Conclusion:** - If **Ena (ENA)** maintains **$1.0215**, it could continue to test higher resistance levels at **$1.2032** and **$1.3543**. - If the price fails to hold **$1.0215**, the support levels at **$0.8222**, **$0.7131**, and **$0.5945** could come into play, potentially preventing further declines. --- **Not financial advice!** 🚨 Always do your own research and make decisions carefully! 📈
Long
by Wolftrader1337
Technical Analysis of NASDAQ 100 Index (4-Hour Chart) Key Support and Resistance Levels Key Support Levels: The 20,566 level serves as the current support zone. This level is critical for determining the future direction of the index. If this level is breached, the next support lies around 20,250. Key Resistance Levels: The first resistance zone is between 21,329-21,381, which aligns with the 20-period moving average and acts as a significant hurdle for upward movement. Upon breaking this resistance, the next target is around 22,106, corresponding to the upper band of the Bollinger Bands indicator. Potential Scenarios 1. Bullish Scenario: If the price rebounds from the 20,566 support zone, the index is expected to initially move towards the 21,381 resistance level. A successful breakout of this level could push the index toward its next target at 22,106. Confirmation signals, such as bullish patterns or increased buying volume, would strengthen this scenario. 2. Bearish Scenario: If the 20,566 support zone is breached, the index could further decline toward the 20,250 level. Breaking this support would indicate significant market weakness and potential continuation of the downtrend. Indicator Analysis Bollinger Bands: The price has reached the lower Bollinger Band, typically signaling a potential reversal. However, continued downward movement is possible if the lower band is decisively broken. 20-Period Moving Average (Blue Line): This moving average acts as dynamic resistance. A breakout above this level may signal a short-term trend reversal. Conclusion and Trading Suggestions Considering the NASDAQ 100 index's position near the 20,566 support level, traders should watch for reversal signals. If confirmation of a rebound (e.g., increased trading volume or formation of reversal patterns) occurs, entering long positions near this area could be favorable. However, if this support is breached, it is advisable to avoid long trades and look for lower levels for market entry. Recommendations: Enter long positions near the 20,566 level with a stop-loss below 20,500. Initial upside target: 21,381. Manage risk by setting appropriate stop-loss levels and monitoring price behavior near critical zones.
OANDA:NAS100USDLong
by arongroups
Short Position - NASDAQShort Position Entry: Consider initiating a short position if the Nasdaq-100 Index falls below 21,000. Stop Loss (SL): Set a stop loss at 21,555 to manage potential losses.' Market Sentiment: The combination of the Federal Reserve's cautious approach and rising inflation may contribute to a weakening market sentiment, potentially leading to a downward movement in the index. his recommendation is for educational purposes only. Always consult your financial advisor before making any investment decisions. Stock trading involves risks, including the potential loss of capital. Ensure to evaluate your risk tolerance and conduct thorough research.
NASDAQ:NDXShort
by KSLBroking
Price Tests Key Levels as Bullish and Bearish Momentum CompeteTechnical Analysis The price dropped as anticipated in the previous analysis. Today, the price is likely to attempt to reach 41,960. A break below this level would confirm further bearish movement toward 41,740. However, if the price stabilizes above 41,970, it could support a bullish move toward the pivot zone at 42,370. Key Levels: Pivot Point: 42130 Resistance Levels: 42370, 42590, 42770 Support Levels: 41970, 41740, 41560 Trend Outlook: Bullish Momentum: Expected if the price stabilizes above 41,970. Bearish Momentum: Likely with stability below 41,970. previous idea:
OANDA:US30USDShort
by SroshMayi
The bull market is not over yet!This is probably the area of ​​interest from where we will try to increase to the 101k-102k area in the first phase. There was a liquidity takeover, at the end of the month some contracts expire and some are rushing to sell them faster. Don't panic, I don't think the bullish cycle is over, it just took a few out of the game. I put 2 scenarios that can happen in the next period. P.S: I'm not looking at scenario 3, but I would rather look at 110k 120k. But the market is unpredictable, who knows.
by CNC2788
Planning SPX Longs into A Break Lower SPX made the top off the 2.61 and today on the news of rate cuts it slammed to the implied target level for that. Hit targets on a lot of my shorts today. Have some extremely deep OTMs still running but these are a nominal part of my risk and just there to benefit from a super rejection of the macro 4.23 fib. In terms of nearer term swing assessment, we're now getting close to the level I think we'd be likely to find support if this is a bull move that is just having a flash crash correction. Planning to start picking up longs if we spike down closer to 5800. Will likely buy deep OTM calls at this price if we hit it. Broadly speaking risk off on my positions at the moment. Banked most of my profits. Don't plan to do much trading the rest of the year. Do plan to do a lot of trade plan prepping for decision at the macro inflection point. Whatever way it goes, my hypothesis is we're going to see faster and faster markets going forward. Great times to be a trader. I want to make sure I'm prepped to benefit from any of the "Known" outcomes that fit inside my strats.
SP:SPXLong
by holeyprofit
GBPUSD SELLGBPUSD is moving on support zone and and made a head shoulder pattern The chart is above the support level, which has already become a reversal point twice. We expect a decline in the channel after testing the current level. We expect a decline in the channel after testing the current level Hello Traders, here is the full analysis. I think we can soon see more fall from this range! Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad Thank You!
Short
by Zaks_ForexRules
BTCUSD 12/20/2024Performance Recap (Previous Analysis from 10/8/2023): • Entry: 27,948 • Targets Achieved: o 63k (+127.81%) o 96k (+244.56%) • High Reached: 108k ________________________________________ BTC/USD Daily Chart Analysis Technical Analysis (Current Scenario): Chart Patterns: • Cup and Handle Formation: o Confirmed breakout signals bullish continuation. o Long-term uptrend reinforced. Indicators: • Golden Cross: The 50-day EMA has crossed above the 200-day EMA, signaling a bullish trend. • MACD: Firmly in bullish territory, confirming positive momentum. • Hammer Candlestick: Closed at support (around 92K), indicating potential reversal and entry point. Support and Resistance Levels: • Support: o 92K (key level tested multiple times). o 50-day EMA (current level). • Resistance: o None until the 310k target based on the Cup and Handle projection. ________________________________________ Target Analysis: • Cup and Handle Target: o Measured distance from the cup's bottom to its neckline. o Projected Target: 310k. • Timeline: o Historical reference to 2013–2017 suggests a 6–8 month timeline with minor pullbacks for additional entry opportunities. ________________________________________ Trade Setup: • Entry: 97,703.80 • Stop-Loss: 69,092.64 (-29.28%) • Target 1: 310k (+217.29%, 7.42 RR ratio). • Target 2: Use a trailing stop based on the 20-day EMA if price exceeds 310k Summary: BTC/USD has surged from 27K to 108k since the last analysis, forming a textbook Cup and Handle pattern, which has now broken out, confirming a bullish reversal and signaling a continuation of the long-term uptrend. Key indicators, including a Golden Cross between the 50-day and 200-day EMAs and a bullish MACD, support this momentum. Currently, BTC is bouncing around the 92K support level and holding above the 50-day EMA, which also acts as a support. The appearance of a Hammer candlestick at this level further solidifies the bullish case and sets the stage for a new long position. The measured move for the Cup and Handle pattern projects a target of 310k. Drawing from historical price behavior, this uptrend could unfold over the next 6–8 months, with minor pullbacks offering additional entry opportunities. This setup presents a strong technical case for continued upside, with a clear structure, supportive indicators, and a high-probability target.
COINBASE:BTCUSDLong
by rudcharts
Crypto Pick of the Day: ZENUSD (Spot) 🌟 Ready to Ride the Wave with ZENUSD! 🌟 🌍 Market Overview: ZENUSD is showing strong bullish potential on the D1 timeframe. With a promising setup, this is an excellent opportunity to position yourself for the next big move. 📊 Trade Plan: 📌 Entry: $13 - $15 – Optimal range for accumulation before the breakout. 🎯 Target: $24 - $28 – Targeting a solid growth of over 70%. ⏳ Horizon: 2 months – A mid-term hold aligning with market cycles. 🔍 My Strategy: Using RainBow MG3, my custom indicator, I’ve identified this setup as a high-probability trade. This tool helps me pinpoint key breakout levels and maximize gains. 🚀 What You Can Do Next: 💬 Let’s Connect: Have questions or want to discuss strategies? I’m here to help! 💡 Disclaimer: This is not financial advice. Always DYOR before making investment decisions. 🔥 ZENUSD is primed for action – Will you join the ride to $28? Let’s make it happen! 🔥
Long
by rainbow_sniper
Downward pressure on S&P 500 Index intensified past daysYesterday's sell-off damaged the S&P 500's 50-day moving average. While we initially saw a bounce back at the opening, it didn't hold. This makes the 5925 level a critical point to watch as we head toward the end of the year. For those keeping an eye on the charts, a trendline has been intact since the low in October 2023. Although it was breached during the August downturn, we managed to rally back into the bullish channel that's been forming since the fourth quarter of 2023. This channel offers support around the 5800 mark, and I anticipate this level will hold as we close out the year. Should we dip further, the following support levels to watch are 5690 and 5525. While I don't foresee us dropping to these lower levels before year-end, it's essential to acknowledge the potential downside risk. The market sentiment shifted following the Federal Open Market Committee (FOMC) meeting, giving sellers the upper hand for the first time since the summer.
SP:SPX
by IrinaTK
Are You Scared About Altcoins? Huge Pump Ahead!Hello, Skyrexians! Recently we focused on Bitcoin and Dominance analysis because it's much more important than analyzing any particular altcoin. Growth on altcoins cannot be counted a right prediction without Bitcoin Dominance drop. Today we are going to look in details on the wave 5 of CRYPTOCAP:OTHERS.D which we have already considered in our previous analysis on the higher time frame. Today let's take a look at the daily time frame inside the global wave 5. It has pumped in November and it was just the wave 1, which has been finished with the red dot on the Bullish/Bearish Reversal Bar Indicator . As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . This wave 2 has the ABC shape and finally it touched 0.61 Fibonacci. Now it's forming the green dot and if this signal will be confirmed with daily candle close our scenario is likely to be valid. OTHERS.D is going to print the wave C which has the target between 16% and 20%. This is huge potential gains for all altcoins you have. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
CRYPTOCAP:OTHERS.DLong
by Skyrexio
2
BITCOIN Will the Channel Up hold or has the Fed condemned it?Bitcoin (BTCUSD) is having an impressive sustainable price action within the Channel Up pattern since November 12, which despite yesterday's Fed fueled pull-back, is still holding. If it holds, it may follow the same pattern that it did exactly 1 year ago. As you see, it was again in November 2023 that it traded within a Channel Up, which was supported by the 4H MA200 (orange trend-line) since October 11. After it broke out, the price reached the 7.0 Fibonacci extension level from the October low, before correcting again. The situation is very similar today, the 4H MA200 is also holding since Oct 11, the price also formed a 4H Golden Cross on Sep 18, while both fractals started their impressive rallies around the same date (Sep 06 2023 and Sep 11 2024 respectively). As a result, if the 4H MA200 holds, we can expect BTC to target the 7.0 Fib ext next at $135000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot