Ethena to $10Sideliners say it is a ponzi
Market says up only
I say you follow the trend
ENA to $10
Interesting project
ENAUSDT trade ideas
🔔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.
ENA/USDTThis idea has a medium-term profit target.
All targets are indicated on the graph.
- Risk 1-3% on deposit
- R/R min 1/2
P.S (This is not an investment recommendation, this is my personal opinion.)
#ENA/USDT#ENA
The price is moving in a triangle with a strong support area at 0.880, and the price has already bounced from it, breaking the downtrend.
We also have a trend in the RSI that has been broken to the upside
A moderate rise is expected over 3 levels
Entry price is 0.97
The first goal is 1.03
Second goal 1.14
The third goal is 1.25
#ENA/USDT#ENA
We have a new currency issued with strong competition to USDT.
Some correction is expected to the $1 level on a 1-hour frame to touch the rising trend and gain momentum to rise again.
We have a downtrend on the RSI indicator that is about to touch it again
We have a higher stability moving average of 100
Entry price is 1.00
The first goal is 1.12
Second goal 1.33
The third goal is 1.50
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
ENA NEW INCREASE VOLUMEThank you for reading this update.
Depending on our study we see that ENA has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
#Nottradingadvice
#For Day traders take always profits when the market increase
#Expect nothing from the markets, but follow what it shows.
Ena chartThis is not financial device. This is done using an experimental method that I developed over the years. It shows the key levels of the coin
ENAUSDT.PHello Trader BINANCE:ENAUSDT.P
structural bullish market and natural potential to rise and continue upward for small time frames can be in the long area.
take profit 15%
stop loss 4%
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Disclamer: Not Financial Advice
