Ethena (ENAUSD) has been trading within a Triangle pattern ever since it's very start and since the June 22 Low it's been unfolding the new Bullish Leg
Following the formation of a 1D Golden Cross (August 08), this sequence resembles the November 28 2024 Bullish Cross, which was the pattern's previous Bullish Leg that peaked just above the 0.9 Fibonacci retracement level.
Based on that, our short-term Target is 1.10500 right at the top of the Triangle.
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Following the formation of a 1D Golden Cross (August 08), this sequence resembles the November 28 2024 Bullish Cross, which was the pattern's previous Bullish Leg that peaked just above the 0.9 Fibonacci retracement level.
Based on that, our short-term Target is 1.10500 right at the top of the Triangle.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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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.
👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
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.
