Ethena / BTC Trade Ideas — UPBIT:ENABTC

$ENA W1 Chart Idea 🪙 MIL:ENA W1 Chart Idea Ethena's price is currently on a massive downtrend, both on USDT and BTC pair. Chart shown is on BTC pair and might form this figure which is fib based. If the placement of fibs were accurate, it's price can be expected to bounce or react to 175 sats range. This chart can be a basis for the all time low of the said coin. Safe trades! 🎩🎩🎩

Ethena | 240% - 407% (Focus On The Altcoins + Trading Tips)This is another pair that caught my attention; I thought I should look into it and sure enough, the chart looks great. Ethena (ENABTC) went through a massive downtrend. This downtrend ended in a double-bottom pattern and now we have a volume breakout; the highest daily volume in thirty days. This is a BTC pair (ENABTC) and Bitcoin pairs tend to become strongly bearish when Bitcoin moves up. The fact that Bitcoin is rising and this pair remains full-green, stable, is a great positive signal. We can expect growth and our targets here to be hit soon, similar to those that moved first, i.e., FIDA, RARE, SYS, DATA, VITE, VIDT, etc. A tight stop-loss can be used if you are trading short-term. Since we are expecting fast bullish action, if it doesn't happen right away, within a few days; get out. If it starts moving up, focus on the target and use your preferred selling for profits strategy. ➢ Selling for profits ➖ Some people sell everything after a 20-30% rise. ➖ Some people sell 10-15% at each target. ➖ Some people sell 50% of their position when the pair grows 50%, and the rest when prices move higher. ➖ Some people wait for higher targets and sell everything there. ➖ Some people wait, wait, wait and never sell... That's a mistake. It is always wise to sell. You don't have to be 100% correct. So, when in doubt, sell a small portion just in case. Make a habit of withdrawing; taking profits. It is the only way to win. Thank you for reading. Namaste.

Ethena | 140% - 188% (Focus On The Altcoins + Trading Tips)This is another pair that caught my attention; I thought I should look into it and sure enough, the chart looks great. Ethena (ENABTC) went through a massive downtrend. This downtrend ended in a double-bottom pattern and now we have a volume breakout; the highest daily volume in thirty days. This is a BTC pair (ENABTC) and Bitcoin pairs tend to become strongly bearish when Bitcoin moves up. The fact that Bitcoin is rising and this pair remains full-green, stable, is a great positive signal. We can expect growth and our targets here to be hit soon, similar to those that moved first, i.e., RARE, SYS, DATA, VITE, VIDT, etc. A tight stop-loss can be used if you are trading short-term. Since we are expecting fast bullish action, if it doesn't happen right away, within a few days; get out. If it starts moving up, focus on the target and use your preferred selling for profits strategy. ➢ Selling for profits ➖ Some people sell everything after a 20-30% rise. ➖ Some people sell 10-15% at each target. ➖ Some people sell 50% of their position when the pair grows 50%, and the rest when prices move higher. ➖ Some people wait for higher targets and sell everything there. ➖ Some people wait, wait, wait and never sell... That's a mistake. It is always wise to sell. You don't have to be 100% correct. So, when in doubt, sell a small portion just in case. Make a habit of withdrawing; taking profits. It is the only way to win. Namaste.

ENA/BTC - Ethena: Failure Swing ◳◱ On the $ENA/ CRYPTOCAP:BTC chart, the Failure Swing pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.00002199 | 0.00002556 | 0.00003279 and support near 0.00001476 | 0.0000111 | 0.00000387. Entering trades at 0.00001551 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Ethena ▣ Rank: 71 ▣ Exchanges: Binance ▣ Category/Sector: N/A ▣ Overview: Ethena project overview is currently unavailable. I'll try to update this in the upcoming analysis. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00001551 ₿ ▣ 24HVol: 69.028 ₿ ▣ 24H Chng: 7.336% ▣ 7-Days Chng: -22.15% ▣ 1-Month Chng: N/A ▣ 3-Months Chng: N/A ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00002199 | 0.00002556 | 0.00003279 ◢ Support: 0.00001476 | 0.0000111 | 0.00000387 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: SELL ◰◲ Technical Indicators Summary : SELL ◲◰ Sharpe Ratios : ▣ Last 30D: 3.17 ▣ Last 90D: 3.17 ▣ Last 1-Y: 3.17 ▣ Last 3-Y: 3.17 ◲◰ Volatility : ▣ Last 30D: 2.84 ▣ Last 90D: 2.84 ▣ Last 1-Y: 2.84 ▣ Last 3-Y: 2.84 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is N/A ▣ In-depth ENABTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -

Ethena / BTC

ENABTC trade ideas