ENA PriceOn daily charts, ENA persisted in forming the lower low swings and established a falling wedge pattern. Nonetheless, the ENA crypto is set to retest its ATL mark of $0.300 in the upcoming sessions.
ENAUSDT.P trade ideas
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
ENAUSDT 1DWe are buying some #ENA here at its support zone. It has formed a large falling wedge pattern on the daily chart. We believe #ENA has the potential to be our next 3X coin. The targets are:
$0.672
$0.843
$1.021
$1.166
$1.310
$1.515
$1.777
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.
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#ENA/USDT is trying to break the Diagonal Trendline in 4-Hour TF#ENA/USDT is trying to break the Diagonal Trendline in 4-Hour TF!
XETR:ENA is holding PWL $0.545 as a support level. It will now pump hard. Wait for BO/retest to open a long position.
Market Amplifier ---- ENAAfter losing the chance to break ATH, BTC continued to lead the market lower. Almost all altcoins have entered a downward channel.
Today we will talk about ENA (Ethena), which is a meaningful project. Ethena is building derivative infrastructure to enable Ethereum to transform into the Global Internet Bond via delta-neutral positions on stETH, to create the first crypto-native, yield bearing stablecoin: USDe.
The long position of USDe captures the income from the ETH staking return, while the short position captures the income from the ETH funding rate. During a bull market, funding rates are generally paid by longs to shorts. Under such a structure, USDe’s gains reached 30%+ at the beginning of this year. The upward spiral structure in the bull market has led Ethena to be called a market amplifier, and has been compared to Luna.
But when the market turns bearish, short sellers begin to pay funding rates, covering the ETH staking income and generating losses. In order to avoid losses, Ethena established a Reserve Fund and used part of its income to resist funding rate expenses when the market fell. So although BTC fell below 63,000 yesterday, USDe's APY is still greater than 10%.
USDe’s current supply reaches 160 million, ranking fourth among stable coins. But the daily trading volume is less than $30 million. In contrast, FDUSD, which ranks fifth on supply, although its market value is lower than USDe, has a daily trading volume of nearly 1.12 billion US dollars. Therefore, Ethena needs to find more cooperation to solve the utility of USDe. In this way, USDe can be converted from an investment certificate to a stable tokens.
It can also be seen from the price trend of ENA that the issue of utility is the most important. So USDe’s APR did not avoid ENA’s decline. At the 4h level, the TSB indicator prompted a SELL signal on June 8, and then ENA was in a downward channel again. Wavy areas provide resistance.
In summary, we believe that Ethena temporarily lacks utility, and the market uses USDe more as investment certificates. The utility issue is being resolved and BTC is rising again. Then the role of the market amplifier will also be reflected in the price of ENA.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
Long Idea on ENAok, I need to describe the damn thing, I came in, I just believe in the high season now (I will duplicate the description in coins that I will take)
Chart Idea - ENAUSDT Swing LongChart Idea - ENAUSDT Swing Long
Self Explanatory chart. Will keep building this position and move SL to previous resistance break out areas. It's a swing trade and can take weeks to play out.
Will update!
Ethena Update First entry at .69 got trigged, either we move back to $1 in the liquidity area or not I hope prices reaches lower level for better entries.
Bullish on ENA overal for the next pump so the plan is to accumulate as much as possible between now and .44. If there is a drastic drop lower I ll get in with any liquidity I can find.
ENA ANALYSIS (4H)It looks like we have a large diametric that we are now in wave E of.
Keeping the red range is expected to complete wave E.
It can also complete the F wave by maintaining the green range.
The targets are clear on the chart.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
ENAENA has formed harmonic pattern
the price will have correction soon before achieving double profit
good entry when BTC will dumb
be careful and keep stop lose
ENA + ETH ETFs = massive growthENA is currently in a wonderful position, the chart says it all. Together with the upcoming ETFs of ETH, ETH is going to sky rocket and to be traded all around massively. With the promises of Vitalik to its users to decrease fees. The more ETH is traded, the higher ENA grow.
Please note that this is just a personal idea and not an advice. I do not take any responsibility, nor here to tell you what to do. I have an idea, you may take it and be Bullish or Bearish, it is up to you.
#ENA/USDT is heading towards the bullish OB#ENA/USDT is heading towards the bullish OB and strong support level of PML 0.6515 in 4-hour TF!
Waiting for a sweep below and reclaim to open a long position. XETR:ENA local resistance level is PDH $0.83.
#ENA/USDT#ENA
The price is moving in a bearish channel on a 1-hour frame, and it adheres to it well, and the price rebounded from the green zone at the price of 0.77.
The channel has been broken upwards and is being retested
We have a tendency to stabilize above the Moving Average 100
We are oversold on the RSI indicator and we have a downtrend that is expected to break higher to support the rise
Entry price is 0.840
The first goal is 0.900
The second goal is 1.00
Third goal 1.08
#ENA/USDT
#ENA
The price is moving within a descending channel pattern on a 4-hour frame, which is a retracement pattern
We have a bounce from a green support area at 0.700
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 0.740
The first target is 0.870
The second goal is 0.969
The third goal is 1.079
ENAUSDT Analysis: Navigating Key LevelsAs we analyze ENAUSDT on the 4-hour chart, the current price stands at 0.7796. Let's break down the key technical levels and what they mean for potential trading opportunities. Note that these levels are dynamic and can change as new price data comes in.
Bollinger Bands:
Lower Bollinger Band: 0.7544
Middle Bollinger Band: 0.8434
Upper Bollinger Band: 0.9323
Bollinger Bands are a volatility indicator that consist of a middle band (simple moving average) and two outer bands (standard deviations away from the middle band). The lower Bollinger Band at 0.7544 acts as a support level, indicating where the price might find buying interest if it falls to this level. The middle Bollinger Band at 0.8434 represents the average price, often serving as a resistance in a downtrend or support in an uptrend. The upper Bollinger Band at 0.9323 marks an area where the price might face selling pressure.
Key Support and Resistance Levels:
Resistance: 0.8306
Broken Support: 0.7879
Resistance at 0.8306 is a price level where selling interest might increase, potentially causing the price to stall or reverse. The broken support at 0.7879 was previously a level where buying interest was strong enough to prevent the price from falling further. Since it has been broken, it may now act as resistance.
Recent Market Activity:
Last Oversold Condition: On 10th June, 2024, the price was below the support at 0.8226.
The oversold condition on 10th June indicates that the price had fallen significantly, reaching a point where it might attract buyers looking for a bargain. The price was below the support level at 0.8226 during this period.
Analysis Summary:
The current price of 0.7796 is close to the broken support level of 0.7879, which may now act as resistance.
The lower Bollinger Band at 0.7544 provides a dynamic support level, suggesting potential buying interest if the price falls to this level.
The middle Bollinger Band at 0.8434 and the resistance at 0.8306 are key levels to watch for potential upward movement.
If the price manages to rise above these resistance levels, the upper Bollinger Band at 0.9323 could become the next target.
Remember, these levels are dynamic and can change with new market data. Always consider using stop-loss orders to manage risk.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should consult with a qualified financial advisor before making any investment decisions.
ENA Eyes Breakout After Finding SupportENA (ENAUSDT) found bullish support at $0.67. The price recently encountered resistance at $0.74. If ENA can break above this level, it could surge to $0.80 or even $0.87. However, if ENA fails to break through resistance, it could fall back down to its support level at $0.67.
ENAUSDT: Bullish Trend (Inverse H&S Pattern)ENAUSDT is moving uptrend and continuously forming HHs and HLs, currently ENA is formed perfect inverse Head and Shoulder Pattern and also break the nick line, so we can take a long trade on current market price or can be wait for the retest the nick line where ENA formed HLs and this is also another confirmation of the bullish trend. So use proper risk management with SL and TP, join the trade. Good Luck.
ENAUSDT Trading ideaENAusdt, recently listed with limited data for comprehensive analysis, shows signs of forming a potential bullish pennant.
We anticipate an upside breakout, leading to a strong resistance at the significant supply zone. If this resistance holds and triggers a rejection, we may see the price decline towards a weaker demand area, potentially breaking down further to a strong demand zone where major accumulation is expected.
However, if the breakout is robust enough to surpass the supply zone, the price could continue towards the main target around $2.56.
Regardless of the direction, this analysis should serve as a valuable guide for decision-making.
ENA inverse head and shouldersENA formed an inverse head and shoulders pattern. Price action has broken above the neckline and retested the neckline . Price is above the 50 SMA. Look for a bounce and then it’s upwards from here.
EthenaConsolidated around 1$ dollar area, possible retest of local ATH.
Still in accumulation, low chances of retesting lows or lower.
ENA/USDT: Potential Bullish Continuation Pattern**
**Chart Description:**
This analysis of ENA/USDT on a daily chart illustrates a potential bullish continuation pattern. The chart highlights a recent uptrend with a predicted future price movement, indicated by the red projection line. The key support and resistance levels are marked to help traders identify significant price points.
**Key Features:**
- **Support Levels:** The chart identifies critical support levels at $0.94 and $1.124, which have provided strong buying interest in the past.
- **Resistance Levels:** Significant resistance levels are marked at $1.217 and $1.521, where selling pressure may increase.
- **Price Projection:** The red projection line suggests a potential bullish continuation, with price movements expected to fluctuate upwards, potentially reaching up to $1.521.
**Technical Outlook:**
The current setup indicates a bullish sentiment, with the recent price action breaking above previous resistance levels. If the price continues to hold above the support at $1.124, we could see a move towards the $1.217 and $1.521 resistance levels. Traders should watch for a breakout above $1.217 for confirmation of the bullish trend continuation.
**Conclusion:**
Traders are advised to monitor the support and resistance levels closely and look for bullish signals above $1.124. A sustained move above $1.217 could open up further upside potential towards $1.521.
Ethena (ENA)Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money that is not reliant on traditional banking system infrastructure, alongside a globally accessible dollar-denominated savings instrument—the 'Internet Bond'.
Anyway, ENA is still young, and not enough candles are there to paint the big picture. But ENA's trading volume is high, as is its chart pattern, which shows short-term upward momentum. Let's see what happens.
