ENA
#ENA/USDT#ENA
The price is moving below a downtrend on a 1-hour frame, and the trend is being tested now and is about to break to the upside.
We have a bounce from the green support area at 0.340
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that is about to break higher and supports the rise
Entry price is 0.350
The first goal is 0.411
The second goal is 0.453
The third goal is 0.495
#ENA/USDT#ENA
The price is moving within a bearish channel pattern on the 4-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in the color EUR at 0.470
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 0.500
The first goal is 0.566
The second goal is 0.618
Third goal: 0.672
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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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.
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
#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
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.
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.
ENA Super Long Trade Setup ENA/Usdt chart is super clean and clear.
Confluences:
1. Left shoulder done, head done, now waiting for right shoulder formation.
2. Bullish Flag breakout done.
No more confluences are required, chart is crystal clear.
Must Take this as positional trade and hold it for 1-2months for high reward.
You can close trade at mid or high depends on your wish or keep checking updates.
ENA is a diamond rocketThis analysis is an update of the analysis you see in the "Related Ideas" section
With the completion of the G wave, we expect to see the main uptrend of the ENA
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
ENA ANALYSIS (4H)ENA seems to have entered a large diametric.
Now we seem to be inside the E wave of this diametric.
We have a good range for buy/long positions, which is actually demand at the bottom of the chart.
Closing a daily candle below invalidation will violate this 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
ENA: flag pattern📊Analysis by AhmadArz:
🔍Entry: 0.807
🛑Stop Loss: 0.701
🎯Take Profit: 0.924 - 1.036 - 1.208 - 1.293
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ENA/USDT TRADE SETUP! READY FOR ATH!!Hello everyone! If you enjoy this content, please consider giving it a like and following for more updates.
Welcome to this ENA/USDT Trade setup!
According to the chart, it breaks out from the triangle and a retest is also done. The green area is good for accumulation. Buy some here and add more in the dip.
Entry range:- $0.76-$0.84
Target:- $0.94/$1.10/$1.26/$1.4
Share your views in the comment section.
Thank You!
#ENA/USDT#ENA
The price is moving in a bearish channel pattern on a 1-hour frame and sticking to it well
After bouncing from a major support area in green at the level of 0.868, which is a very strong area
We have an upward trend to touch the Moving Average 100 at the second target
We have a downtrend on the RSI indicator that the price depends on
Entry price is 0.860
The first goal is 0.933
Second goal 1.03
Third goal 1.15