ETHENA looks ready to head up. Bullish.
Ethena has been in a downtrend for some time recently, but technicals are looking up right now. If we can maintain this momentum, and have this IHS play out, we could rip higher to the first profit target shown, then maybe way higher. We will see. Volatility is also very constricted and tight on this cryptocurrency right now.
And as everyone here knows... Low Volatility proceeds by Volatility.
Not Financial Advice. Do all of your own research. For me these are long term holds. Not "Trades". Risk Management still applies. Happy Hunting ; )
Ethena
Ethena (ENA): Why we’re betting BIG on this dip!We're setting up a swing entry for $BINANCE:ENAUSDT. There are several reasons for this decision, including the fact that we've captured all the buy-side liquidity we had previously marked and reclaimed these demand zones. Recently, we observed a Stop Fishing Point (SFP) during the second dip and now anticipate rising at least to the supply levels between $1.26 and $1.40. This is the range we are targeting. Additionally, we believe this could be a very interesting coin in the coming days or weeks. Therefore, this is our swing entry on a lower time frame for ENA.
Ena Ethena Premium SignalWhile the bull run is ongoing, ENA will keep pumping. Dive into the details of the synthetic dollar project. Many compare it to LUNA, but a crucial difference lies in the fact that during the 2021 bull run, LUNA saw hundreds of multiples before resetting.
The lead investors are major CEX platforms and market makers, so I believe it could inflate significantly first, but then we'll have to keep an eye out.
ENA: best levels📊Analysis by AhmadArz:
🔍Entry: 1.281
🛑Stop Loss: 1.167
🎯Take Profit: 1.375-1.476-1.616-1.870
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🔔Ethena(ENA) Is Ready to Go Down🔔📈Today, I want to analyze the Ethena(ENA) project . Ethena(ENA) started to increase after the news " Ethena Labs' USDe Increases Rewards to Users by 50% ". Now we want to see if Ethena(ENA) continues to increase or not ❗️❓
📚 What is the 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'.
✅ Ethena(ENA) has responded well to the 🟡 Potential Reversal Zone(PRZ) 🟡, and is starting to fall.
💡Also, Regular Divergence(RD-) can be seen between two successive peaks .
🌊According to Elliott's wave theory, Etna seems to have completed the main wave B with a Zigzag(ABC/5-3-5) .
💡Let's look at the ENABTC chart for a better final decision .
🔔 ENABTC has reacted well to the 🔴 Resistance zone 🔴, and I expect ENABTC to go down to at least the support line most likely to be broken.👇
🔔I expect Ethena(ENA) to continue falling to the 🟢 Support zone($1.08-$1.04) 🟢 after breaking the Support lines .
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Ethena Analyze ( ENAUSDT), 1-hour time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Eat No Ants: Ethena outlookSOO, nowdayz good projects are rarity, but ENA is what u want to hold, I guess.
Binance was very kind and generous(NO) to let us farm some tokens, and its brand new thin', we all wanna pick up.
ANYWAY
To be honest, I don’t like everything related to ETH and its commissions, I also associate the word ETHENA with something bad, and you will understand this if you visit their website.
THAT'S WHY
only speculative interest
I assume a diagonal, I also indicated the zone of the maximum correction of wave 2, but I only have a Binance chart, so everything may not go according to plan at all. We are waiting for confirmations, divergences and points to build a channel