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https://www.tradingview.com/x/bMGXahQJ/
VIP Series
#ENA
4-Hour Chart
The 4-hour chart shows an accumulation range. Price just flipped the H4 trend as support while being at range lows.
We have some resistance around the mid range with the 100MA and the 200EMA being on the same zone alongside with the POC of the volume profile.
Daily Chart
https://www.tradingview.com/x/xvlQ6JnI/
The daily chart reveals a forming double bottom pattern, signaling a bullish reversal and potential long opportunity. This pattern suggests a possible end to the downtrend and a shift towards a bullish sentiment.
Potential entry : 0.75-0.65
Target zones : 0.83-0.87 / 1.05-1.07 / 1.31-1.42
Stop loss : H4 close below 0.6
VIP Series
#ENA
4-Hour Chart
The 4-hour chart shows an accumulation range. Price just flipped the H4 trend as support while being at range lows.
We have some resistance around the mid range with the 100MA and the 200EMA being on the same zone alongside with the POC of the volume profile.
Daily Chart
https://www.tradingview.com/x/xvlQ6JnI/
The daily chart reveals a forming double bottom pattern, signaling a bullish reversal and potential long opportunity. This pattern suggests a possible end to the downtrend and a shift towards a bullish sentiment.
Potential entry : 0.75-0.65
Target zones : 0.83-0.87 / 1.05-1.07 / 1.31-1.42
Stop loss : H4 close below 0.6
TradingView
BINANCE:ENAUSDT Chart Image by SMZALTD
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