ENSUSDT trade ideas
ABC Pattern Unfolding: ENSUSDT Elliott Wave Analysis💎 #ENSUSDT could be on the verge of completing an ABC pattern, according to the Elliott wave theory. After a strong bounce off the 88.6% Fibonacci support, we witnessed a breakout of the downtrend trendline, fueled by heavy buying pressure. 🚀
💎 Furthermore, the price is contained within a tight ascending channel, suggesting a potential rapid rise towards the Fibonacci-based resistance area. 💥
💎 However, we can't rule out the possibility of a price spike downwards, testing the downtrend trendline and the double Fibonacci support around the $10 psychological level. If this occurs, buyers should seize the opportunity. 🎯
💎 It's crucial to note that a break below the C-wave would invalidate the short-term bullish outlook, potentially paving the way for a continuation of the downtrend. 🔴
ENSUSDT LongPure Price Action and Confluence Trading. Support and Resistance Line, Ema’s and Fib.
We believe ENSUSDT entered a huge Distribution phase since Jan 2022.
Presently We have a pennant pattern breaked upward, with multiple daily pinbar buy candles.
We are Long from 12.75 and stop below 11.50
We are also hoping for a good weekly close.
We ask Almighty Allah for guidance and rewards.
ENS USDT PERP Hello Trader 👋, today we are looking to BINANCE:ENSUSDT.P
description : rejection of the supply area occurs and will return
to the small demand area on a small time frame.
can be in a long area there so that there will be a bounce back in that area
Please add a comment and Positive feedback and
constructive criticism are important to authors and the
community.
Disclamer: Not Financial Advice
ENSUSDT - Long by Supertrend, ADX and MA 4/15/20231. ADX INDICATOR: 1h & 4h timeframe have a strong strength for open trade.
- ADX smoothing: 14.
- DI length: 14.
- ADX STRONG > 25.
2. SUPERTREND INDICATOR:
- Long trend when closes candle is above the green line.
3. MOVING AVERAGE INDICATOR:50
- Long trend when closes candle is above MA line.
- BUY/LONG: reject to Supertrend at current timeframe.
ENSUSDT is testing the dynamic resistanceENSUSDT has recently experienced a breakout from an ascending channel pattern.
This breakout indicates that the previous uptrend has potentially ended and a new trend may be starting.
Currently, the price is testing the dynamic resistance level, which suggests that there may be some selling pressure at this level.
According to Plancton's rules, if the price were to break below the local support level at the $13 area and subsequently retest it as a new resistance level, this would present an opportunity for traders to consider new short positions.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
RIDE 2 X LONG BULL ON ENS USDT 4 HOURS CHARTDear Tradingview family,
Symbol: #ENS_USDT
Strategy: #Trend_TRADING #Trendline #Support_Resistance
Indicators: #Price_Action. #Chart_patterns #Trendline #Support_Resistance
Anchor Time: 4 Hours
Trading Time Frame: 1HOUR
Trade Call Type: #LONG.
Order Type: BUY LIMIT
Entry: BUY when Price test the trendline.
Entry price: 13.41
Take Profit: 15.90
Stop Loss: 12.17
RRR- 1:2
Methodology:
As a professional and experienced forex, crypto and stocks trader, I will be using a rigorous methodology that involves analyzing the price action and key levels and using a combination of indicators, harmonic chart patterns and chart patterns. I will be looking for potential trendlines , support & resistance levels where the price action may reverse and using our indicators to confirm the validity of our analysis. Based on my analysis, I will then determine the optimal entry and exit points for our trade, as well as the appropriate stop loss level to manage risk.
Conclusion:
Based on our analysis, I believe that there is a potential trading opportunity for a LONG trade.
Risk Assessment:
Conservative Traders risk 0.5% to 1.5%, moderator traders risk 1.6% to 3.5% and aggressive traders risk 3.6% to 5% of their account per trade.
Please use Position size calculator to calculate your risk per trade.
Overall, I believe this setup has a good chance of success based on the technical analysis , but as always, it's important to monitor the price action closely and adjust the trade if necessary based on new information.
ENSUSDT is inside the ascending channelENSUSDT is currently undergoing a testing phase of its static support at 13.30 within an ascending channel. This means that the price is being supported at this level, and there is a possibility that it may continue to rise within the channel.
However, there is also a chance that the price may retest the 0.5 Fibonacci daily resistance, which could potentially trigger a new bearish impulse. This means that the price may experience a downward trend, which could potentially lead to a sell-off.
According to Plancton's rules, in the event of a breakdown, it may be advisable to take a short position.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
Ascending Triangle (15M) There is an ascending triangle forming on the 15 minute for ENS, these usually break upwards after trying to break a straight horizontal resistance after a while, this also usually occurs after a uptrend and with a decreasing volume! I expect a break to the upside and to make a new high on the higher time-frames.
ENS , Ascending Broadening Wedge Ive been seeing a ascending broadening wedge form in the short term for $ENS, this wedge is signing a huge symmetrical triangle forming since May. Overall outlook is bullish , on the 4HR we see a double bottom forming. On the 1D we found support near the bottom of the triangle.
ENSUSDT 80 % pump (NEW)ENSUSDT looks bullish.
Support has held and it has been retested several times. Now it looks like the trend is ready for a further continuation to the upside. If BTC doesn't dump hard, we should see altcoins catching up.
Stop loss, final target and 2 take profit levels are shown on the chart.
Good luck
