Yello Paradisers, is ENA quietly building up pressure for a major breakout while everyone else is hypnotized by Bitcoin’s sideways snoozefest?
💎While the crypto herd remains laser-focused on BTCUSDT, #ENAUSDT is showing signs of life and potentially setting up a stealth move that could catch most traders completely off guard.
💎Price action has been respecting a clean descending channel, with repeated rejections at the upper resistance and strong bounces off the lower boundary. #ENA has now bounced from a well-defined demand zone between $0.2300 and $0.2492 for the third time. This double bottom structure is a powerful reversal signal, especially if a confirmed breakout follows it.
💎The descending channel resistance is being tested again. If #ENA closes a strong candle above $0.2700–$0.2750, this would confirm the breakout technically. Once that level is broken and successfully retested, a move toward $0.3015 is very likely.
💎The next serious resistance sits between $0.3512 and $0.3586, a target zone where we expect aggressive profit-taking. From current prices, this represents a potential 30%+ move that most traders still focused on #BTCUSDT will completely miss.
That said, if ENA fails to break above the resistance and drops below $0.2089, the bullish setup would be invalidated. Until that happens, the bullish thesis remains fully intact.
MyCryptoParadise
iFeel the success🌴
💎While the crypto herd remains laser-focused on BTCUSDT, #ENAUSDT is showing signs of life and potentially setting up a stealth move that could catch most traders completely off guard.
💎Price action has been respecting a clean descending channel, with repeated rejections at the upper resistance and strong bounces off the lower boundary. #ENA has now bounced from a well-defined demand zone between $0.2300 and $0.2492 for the third time. This double bottom structure is a powerful reversal signal, especially if a confirmed breakout follows it.
💎The descending channel resistance is being tested again. If #ENA closes a strong candle above $0.2700–$0.2750, this would confirm the breakout technically. Once that level is broken and successfully retested, a move toward $0.3015 is very likely.
💎The next serious resistance sits between $0.3512 and $0.3586, a target zone where we expect aggressive profit-taking. From current prices, this represents a potential 30%+ move that most traders still focused on #BTCUSDT will completely miss.
That said, if ENA fails to break above the resistance and drops below $0.2089, the bullish setup would be invalidated. Until that happens, the bullish thesis remains fully intact.
MyCryptoParadise
iFeel the success🌴
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✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.