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ENAUSDT trade ideas

ENA LONG/SHORT Strategy on 4 Hour (and long-term TP's)For some short term plays: I always have limit orders placed at FVG's and ENA has just posted two big FVG's on the 4HR chart as it recovers from this weeks volatility. I'd be expecting these to be filled/touched at some point, with the 0.618 FIB also playing a role I think a reasonable buy would be at the ~1.0159 mark. If the price continues to rally to ~1.23 I may go short if OBV (yellow line is 14 EMA) indicates so. I have a limit order buy at this level but will need to confirm with OBV (I also have Stoch OBV, OBV RSI for confirmations not shown here). Why this may be not happen? A very strong project with great potential to reach new all time highs. Price could easily keep running based on its fundamentals alone. A long term perspective: I've got take profit targets at 1.73, 1.97, 2.67, 3.81 and 4.94 for my long term positions.
by Off-The-Chart-CTC
TradeCityPro | ENA : Navigating Parabolic Growth👋 Welcome to TradeCityPro! In this analysis, I’m reviewing the ENA token, which belongs to the Ethena project operating within the Ethereum ecosystem. This project has successfully ranked among the top 10 DeFi projects by TVL. 📅 Daily Timeframe: Parabolic Trend and Reaction to Supply Zone This token was recently launched and distributed its airdrop approximately 9 months ago to its users. After the airdrop, the project faced significant selling pressure, with its price reaching new historical lows of $0.2619 and then $0.2020. 👑 As Bitcoin began its bullish movement and broke its important 72k resistance, ENA also gained momentum, with increasing purchase volumes. It managed to fully recover and return to its ATH at $1.45. 📈 In this upward trend, ENA has undergone two re-accumulations, one under the $0.4234 resistance and the second under the $0.6844 resistance. These consolidation phases beneath critical zones help maintain a healthy uptrend without overly sharp corrections. However, the parabolic nature of the trend still suggests a higher risk of sharp retracements. 🔽 Currently, as the price has reached the ATH ceiling—a strong supply zone—the likelihood of corrections has increased. 📉 In case of a downward move: The first support is the curved ascending trendline, acting as a dynamic support. If the trendline is broken, the next support lies at $0.6844, which seems logical during a correction phase. The final critical support is at $0.4234, and breaking it would signify the end of this bullish trend. The market would then require building a new structure for further momentum, either upward or downward. 🧩 From a technical perspective, volume is aligning well with price movements, confirming the upward trend. Meanwhile, the RSI above 50 indicates that corrections are less likely to lead to sharp declines unless the 50 level is breached. 🚀 If the ATH at $1.45 is broken, the next targets would be $2, $2.5, and $3.2, based on 6-month pivot points. Monitoring these levels closely for potential trend reversals is advisable. ⏳ 4-Hour Timeframe: Futures Triggers In this timeframe, the focus is on specifying futures triggers for both long and short positions. 🔼 The market has managed to recover entirely from its correction and is among the few coins to successfully engulf its entire pullback. 📈 Breaking the $1.2423 resistance could confirm a long setup. However, trading in the $1.2423–$1.45 supply zone will be challenging due to its significant resistance. 📉 It’s recommended to wait until the $0.8550 level is breached for a short position. This would signal a trend reversal, providing a safer entry for shorts. Currently, given the strong resistance, it’s better to avoid opening short positions without a confirmed trigger. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ above.
Long
by tradecitypro
22
Bullish Means Higher: Bullish ZoneGood afternoon my fellow trader, we have two distinctive features on this chart. Mainly two signals that interests us. A rising trend coupled with rising volume. Price action moving above long-term resistance. In April 2024 ENAUSDT (Ethena) moved below the 1.04 - 1.11 price range. This level became a strong resistance. This range was challenged earlier this month. Continues to be challenged and is now being broken. The action is happening above 1.11 (current price 1.15). This is the bullish zone. Closing above this range confirms the continuation of the bullish trend. Bullish means higher. Ethena is clearly moving within the bullish zone. We can expect long-term growth based on a continuation of the current trend, market cycle and marketwide action. It is already happening. Expect higher. This is a very easy chart setup to trade. The stop can be set below the blue line on the chart. Can be a fixed level or a range. I would buy and hold long-term because resistance is being broken, prices are rising and volume is going up. All these are bullish signals. The retrace is over. Buy and hold. Namaste.
Long
by MasterAnanda
Ena/UsdtBINANCE:ENAUSDT ### **Ena Current Price: $1.0215 💰 (Resistance Level)** The current price of **Ena (ENA)** is at **$1.0215**, which is a **key resistance level**. A **resistance level** is a price point where the asset might face selling pressure, which could prevent the price from moving higher. In simple terms, **$1.0215** is a level where traders may decide to sell, thinking that the price might not go higher. If the price holds at **$1.0215**, it suggests that buyers are still active and willing to support the price at this level, but if the price manages to break above this resistance, we could see further upward movement. --- ### **If the Price Holds at $1.0215 🚀:** - **Resistance at $1.2032 🔝**: If the price manages to hold at **$1.0215** and continues its upward momentum, the **first resistance level** to watch is **$1.2032**. This is where the price may face increased selling pressure again, which could slow down or stop the price from moving further upward. - **Resistance at $1.3543 🌟**: If **$1.2032** is broken, the next major **resistance level** is **$1.3543**. If the price reaches this point, there may be a stronger resistance, and it could act as a ceiling for the price, making it harder to go higher. --- ### **If the Price Fails to Hold at $1.0215 🚨:** - **Support Levels:** - **$0.8222 🔻**: If **Ena (ENA)** fails to hold the **$1.0215** level and starts falling, the **first support level** to watch is **$0.8222**. Support levels represent prices where the coin might find buying interest, preventing the price from falling further. If the price reaches **$0.8222**, buyers may step in, creating a "floor" for the price. - **$0.7131 💥**: If **$0.8222** doesn’t hold, the next level of support is **$0.7131**. At this point, the price could face further downward pressure, but **support** at this level may help stabilize the price again if demand picks up. - **$0.5945 🌊**: If the price continues to drop, the **final support level** is **$0.5945**. This is a crucial level because if the price falls to this point and cannot bounce back, it could indicate a deeper downward trend. --- ### **Summary:** - **$1.0215** is a **resistance level** where price might struggle to go higher. - If **Ena (ENA)** holds at **$1.0215**, resistance levels at **$1.2032** and **$1.3543** could limit further upward movement. - If the price doesn’t hold at **$1.0215**, **support levels** at **$0.8222**, **$0.7131**, and **$0.5945** might provide a "floor" for the price to bounce back. --- ### **Conclusion:** - If **Ena (ENA)** maintains **$1.0215**, it could continue to test higher resistance levels at **$1.2032** and **$1.3543**. - If the price fails to hold **$1.0215**, the support levels at **$0.8222**, **$0.7131**, and **$0.5945** could come into play, potentially preventing further declines. --- **Not financial advice!** 🚨 Always do your own research and make decisions carefully! 📈
Long
by Wolftrader1337
$ENA Cup-And-Handle Pattern!XETR:ENA Cup-And-Handle Pattern! Neckline Support: The price is retesting the neckline (around $0.94), which is a critical support zone. EMA 200: The red EMA 200 at $0.63 is far below, indicating strong momentum above it. Targets:If the retest holds, the next target is around $2.15 (projected from the pattern). A breakdown below the neckline could push the price back toward $0.86 or lower. Key: Watch for volume confirmation to validate the bounce or breakdown.
Long
by CHILL_TRADER99
Phemex Analysis #45: Pro Guide to Enter ENA - The DeFi Giant!Ethena Labs, the force behind the ENA token ( PHEMEX:ENAUSDT.P ), is making waves in the decentralized finance (DeFi) space. Its synthetic stablecoin, USDe, recently became the third-largest stablecoin by market cap, marking a milestone for decentralized finance. Adding to this success, Ethena introduced USDtb, a stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). This strategic partnership bridges the gap between traditional finance (TradFi) and DeFi, offering a credible and secure platform for institutional investors to participate in the evolving digital asset space. ENA holders stand to benefit significantly from these developments. As the native token of the Ethena ecosystem, ENA is central to governance, stability mechanisms, and incentives tied to USDe and USDtb. With a growing ecosystem and increased adoption, ENA’s value proposition continues to strengthen, presenting a compelling opportunity for traders and investors. When to Enter ENA? The market for ENA/USDT is dynamic, influenced by broader crypto trends, including Bitcoin’s price movements. Key support levels offer potential entry points for different risk appetites: Weak Support: $0.90 This level might hold if Bitcoin maintains its current momentum. However, if Bitcoin drops to the $90,000 area, this support could break. Medium Support: $0.79 & $0.68 These levels present a higher probability of entry and are ideal for traders seeking to accumulate ENA while managing risk effectively. Strong Support: $0.60 & $0.50 If the market takes a bearish turn, these levels are likely where the price will stabilize, offering a safer entry for risk-averse investors. Entry Strategy for ENA 1. Placing Entries Near Support Levels Decide your risk tolerance and position accordingly: • For aggressive traders, consider entering at higher support levels, such as $0.90 or $0.79. • For risk-averse investors, place orders closer to $0.68 or the stronger supports at $0.60 and $0.50, though you may risk missing the entry if the price rebounds early. 2. Utilizing Scaled Orders on Phemex Phemex’s scaled order feature is an excellent tool for entering positions. For Example: If your target is the medium support range ($0.79-$0.68), set a scaled order to gradually accumulate ENA across this range. This approach minimizes risk while ensuring you don’t miss out entirely if the price rebounds from higher levels. Conclusion The recent positive developments surrounding ENA, including the success of USDe and the introduction of USDtb, highlight the token’s growing importance in the DeFi landscape. These innovations are likely to attract significant capital inflows, benefiting ENA holders as the ecosystem expands. By carefully selecting entry points and employing strategies like scaled orders, traders can position themselves to capitalize on ENA’s growth potential while managing downside risk. Whether you are a high-risk investor targeting immediate support levels or a conservative trader waiting for deeper corrections, ENA presents a compelling opportunity to participate in the DeFi revolution. Trade wisely and leverage these strategies to secure your place in the future of decentralized finance. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Thoughts on $ENA (Ethena)ENA is looking pretty solid right now. Ethena is one of those coins that just shrugs off market corrections. We've seen a 320% jump, which is pretty wild. As long as it stays above $1, I think the chart is in good shape. It might need some time to chill before aiming for that all-time high (ATH), and it looks like now might be that time. 87.5% of the coins are in the hands of whales, and they're not letting go. Next big unlock isn't until April 2nd, 2025, with 13.75% of the supply hitting the market. With whales holding the reins, they're waiting for the perfect moment to cash in, which means they'll need some serious hype and a bunch of FOMO buyers. It makes sense that this could happen if it breaks that ATH of 1.52. Doesn't mean it'll be a straight shot up there; we might see some dips, but I think the odds are good it'll make it eventually.
by Tealstreet
#ENA: Unlocking the Power of Smart EnergyDescription: This trading idea highlights ENA, a cryptocurrency designed to revolutionize the energy sector by integrating blockchain technology into smart grid systems. ENA focuses on creating a decentralized platform for energy trading, enabling peer-to-peer transactions, and fostering transparency in renewable energy distribution. By leveraging blockchain, ENA aims to reduce inefficiencies in traditional energy markets, promoting sustainability and innovation. As the demand for clean energy solutions grows globally, ENA is positioned to capture attention with its strong use case and potential for adoption in smart energy networks. It is important to acknowledge that the cryptocurrency market is volatile and subject to external factors, such as regulatory developments and macroeconomic conditions, which may impact prices. Investors should approach trading ENA with a clear strategy and proper risk management to navigate potential market fluctuations effectively. Disclaimer: This trading idea is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies like ENA involves significant risk, including the possibility of a complete loss of capital. Always perform thorough research, consider your financial situation, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
$ ENA| How do I expect to see Ethena in coming weeksBINANCE:ENAUSDT : Here with another speculation about crypto assets. This time Ethena token with ENA ticker. Let’s take a look at the project’s information: 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'. $ ENA Market Cap: $ 3.61 B Market Cap Rank: #46 Market Price: $ 1.23 ATH: $ 1.52 (-19.73%) ATL: $ 0.19 (+523%) Source: Coin Market Cap Besides, Trump's World Liberty project spent 500K CRYPTOCAP:USDC to buy 509,955 $ENA. Not much investment but shows that Ethena is in spotlight. That’s what we need for now from Ethena project. Okay then, let’s see what we have on the chart. - W1: Trend: Price has been in an uptrend for 100 days. Price has broken 3 major resistances in this last week’s uptrend. The first resistance level was $ 0.5 smashed on the 7th. Nov. Price was rejected from another resistance and came back for an S/R test on that $ 0.5. With $ 0.5 proven as support, the price attempted to break another resistance at $0.68. Broken this level too and at its 3rd attempt. $0.77 broken easily and even a major supply of $ 1.05 ~ $ 1.15 was absorbed recently. This is the last known resistance level and will probably be touched again for the S/R test. I’ve marked important levels for a better understanding. MAs: On a daily time frame, we can see the golden cross and the Price move above all key MAs. This is bullish as long as it keeps this setup. RSI: on a daily time frame, RSI doesn’t look so good. Already in an overbought zone and a bearish divergence is on the chart. This means the price will more likely have a pullback or sideway move before any continuation. In the weekly time frame, we have RSI on the edge of the overbought zone but still have room to develop. This means, I expect a small pullback within the current week and then a bullish continuation to the new ATH. Stoch. RSI: Stochastic RSI is in good shape in the daily time frame. Bullish crossover in D1 and value is around 56 which shows strong momentum. Volume: Volume increased in the daily time frame to validate the breakout from resistance levels. Supports: $ 1.00 ~ $ 1.14 broken resistance level $ 0.95 Ma20 in D1 $ 0.67 Ma50 in D1 – Broken resistance level $ 0.48 - $ 0.52 Demand zone- Ma200 in D1 Resistances: $ 1.5 D1 ATH Fibo extension levels Conclusion: All these opinions are mine and can be wrong, so please DYOR. This coin has strong fundamental and technical advantages My strategy goes as below: 🛒 Pair: ENA/ USDT 🛒 👑 Bitcharge 👑 🕰 16/12/2024 🕰 POSITION: 🟢"Buy"🟢 2 % of capital 🛒 Buy: $ 1.05 – $ 1.15 🛒 👉Sell Targets👈 🎯TP1: $ 1.30 🥉 🎯TP2: $ 1.45 🥈 🎯TP3: $ 1.65 🥇 🎯TP4: $ 1.85 🚁 🎯TP5: $ 2.05 ✈️ 🎯TP6: $ 2.30 🚀 🎯TP7: $ 2.50 🛰 🎯TP8: $ 2.80 🛰 🎯TP9: $ 3.20 ✨ 🎯TP10: $ 3.50 ⭐️ ⛔️ SL: $ 0.80 ⛔️ by closing D1 Below
Long
by bitcharger
Ethena (ENA) leads market ahead of USDtb stablecoin launch ENA, the native token of Ethena — an Ethereum-based synthetic dollar protocol — has experienced a 13% surge over the past 24 hours. This rally comes as the market awaits the launch of Ethena’s new stablecoin product USDtb, on December 16. As ENA witnesses a rally in demand, the altcoin is poised to reclaim its all-time high of $1.52, which was last recorded in April. ENA’s positive Chaikin Money Flow (CMF) confirms the high demand for the altcoin. At press time, the indicator’s value is 0.14. However, if ENA traders start selling to lock in profits, it could create downward pressure on the altcoin’s price. A decline to $1.01 may occur, and if this support level fails to hold, the ENA token price could potentially drop further to $0.85.
Long
by paul_endeo
ENA/USDT Analysis (1-Hour Timeframe)ENA/USDT Analysis (1-Hour Timeframe) We are currently witnessing a breakout of the identified pattern on ENA/USDT in the 1-hour timeframe. This breakout signals potential bullish momentum. Key Observations: Breakout Confirmation: The price has successfully broken through the pattern, indicating a shift in market sentiment. Target Projection: My first target is set at the next green zone, where I anticipate the price might encounter some resistance or consolidation. Potential Scenarios: If momentum sustains, we could see further upward movement beyond the green zone. However, in case of a pullback, monitoring for support around the breakout level will be crucial.
Long
by WaveRiders2
Ridiculous capitulation, nice 3 drives, hi vol and RSI OS alertRidiculous capitulation, nice 3 drives, hi vol and RSI OS alert exceeded my post limit the other day so ended up leaving these out, so here they are, playing nicely nice 3 drives, hi vol and RSI OS alert, HiLoCh indicator on 30m TF 1. 3 drives down from the break 2. High vol and b Vol profile on the candle. 3. - had a double event, unusual but should have been safe if waited for the close above the main body of the profile. got the alerts, waited for the close above the profile, trade with good position sizing and stop losses.
Long
by slimygreen