$ENA The next ENA supply unlock date is scheduled for June 1, 2024 ยน. Here are some key details about the upcoming unlock ยน: - Number of tokens unlocked: 53.6 million ENA - Current circulating supply: 1.47 billion ENA - Allocation: Ecosystem development - Description: The ENA token enables holders to vote on governance proposals. On June 1, the project will unlock over 50 million ENA dedicated to ecosystem development.
$ENA this's the best candlestick we've had in a while, big candlestick, ultra high volume, resistance level breach,
if it can close and consolidate above support line of 1.03 then high potential is confirmed, if not, next 4h candlestick is gonna be the next confirmation for a pump.
Remember, very high resistance is noticed so two 4h candlestick failure is a possible drop
im gonna keep you updated although i keep losing sculpting points while posting but I've faced terrible losses those past 2 crushes myself and this might be our last chance for a recovery before post halving dip, consolidation and slow recovery
you wouldn't lose your money anyway if you keep it but the market might take months for a peak
so for short traders, follow the chart and the next 4h candlesticks, 1h candletick above 1.03 is half a confirmation, 4h candlestick is a full confirmation yet you still wait for the next candlestick opening to see if the price drops or consolidates
follow Dollar Index (DXY) chart on Tradingview, if price drops chances are higher, if it goes up this Testing might fail
$ENA 1 hour candlestick just closed above the 0.9 support line although the insane resistance
let's see what happens with 4 hours candlestick, if it closes above the support level level
this might be the last chance to reach 1.03 resistance line (golden level) one more time for testing on 1h and 4h candlestics
might be the last chance for a lil bearish movement by halving day while $BTC struggling to have a closing over the support line 63.6k (probably either both make it or both drop)
remember we need a full closing not just a wick
if 4 hour candlestick closes below 0.9, we might be in trouble, could confirm a downtrend is still on and weekend would be another meat grinder
if it succeeds, it can get to 1.03-1.2 by end of day, if they have higher potential i believe 1.375 is possible by tomorrow, i doubt an ATH is possible unless BTC decides to break the record and reach 75k
the way hasn't been very promising but lets hope for the best
I know you might have heard #ENA has great potential and alot of backing behind it, but that is nothing new with newly launched coins, everyone sees a possible gold mine there.
But the fact of the matter is that there is actually some truth behind the hype surrounding #ENA and it has been seen by all of us these past few days, by the relative stability that this coin exhibited.
Not going to bore you all with graphics in ๐ or ๐ trends, and potential implications of it going up or down, neither am I going to advise you to go on a buying or selling frenzy here, but I do have to say that some of the traders here have been quite right in their assessment of $ENA , and I have been quite surprised by their accuracy, some advice that I even followed to a good degree and with a good outcome.
So to anyone interested in this coin, as always DYOR, but I do highly recommend looking into the whole project regarding the $ENA coin.
Good morning everyone! I hope everyone is doing well today โ๏ธ
1. Introduction After yesterday's BTC dump, it isn't incorrect to state most tokens here on Binance took a hit to their trends. ENA has been no different. However, unlike other coins, ENA resisted very well, and it looks like ENA is keeping its bullish pace.
To sum up, the possibility exists that all BTC did to us was to send us back in time by 4 days. Yes. Remember when ENA surged above the dollar, and started to follow the previous Bull Channel? It looks like this bull channel still holds, as seen in Image 1 and Image 2.
2. What can be expected? From my personal indicators, it looks like ENA still keeps the bullish momentum it has been showing us. If anything, the BTC crash helped us having a more healthy Pump and dump indicator.
As seen in Image 1, at the bottom, both the Fast red PDI line and the Lag white PDI line are below the Neutral Threshold of 50. This shows ENA can still gain pump momentum, and no longer needs a correction in for its previous moves.
Open Interest on image 2 is also pretty healthy-looking, and Volume for the new theoretical Blue Channel on image 1 is not unhealthy for an uptrend.
Thus, considering the MACD and RMO 5 minutes on Image 3, we might get a good recovery, with the only indicator showing possible dip from here being the RMO in the 30 minutes scale, which is giving a signal of "overbought".
Finally, on Image 4, the momentum is pushing positive, so we are still going strong and hopefully, we will keep the current uptrend.
3. Conclusions I will keep you posted if any of my tools detect any change in behavior. Please be careful and set up stop losses when going long especially, because BTC may crash more. Of course, this info is only relevant if you're going to trade.
To those who bought at 0.500-0.800, keep the HODL.
Your time is valued, dear reader. Most of the posts on Binance Square are reposts, AI-generared, quick to make. Change that. Support original, real hard-worked content with a small tip.
I trade at 0.0401. Normally Iโve earn a lot from my investment but how come Iโve earn small % from that +17 % since the launchpad. ( is this bullshit )
Also, our money in BNB spots is Gone in the system.
Is this a joke ? Or itโs just big scams. Your system is crushing