š $ENA /USDT: Macro Bottom Locked ā Reversal Underway! š„
The weekly chart for ENA (TetherUS Perpetual Contract) highlights a massive long-term structural turnaround. After completing a deep corrective phase to find an absolute floor near $0.00000, price printed a solid double bottom and has forcefully broken out of its multi-month macro descending wedge!
š Key Technical Levels:
ā¢ Current Situation: Trading at $0.19722, establishing a higher low right above the 1.0 Fibonacci line ($0.15076).
ā¢ Immediate Objective: $0.62719 (0.618 Golden Pocket resistance block).
ā¢ Mid-Term Target: $1.06269 (0.236 Fibonacci cluster).
ā¢ Macro Moon Target: $1.32850+ (0 Fib structural multi-month high).
ā¢ Invalidation Floor: A weekly close below $0.08000 invalidates this bullish projection.
š” Smart Strategy: Accumulate spot or low-leverage exposure on minor localized pullbacks. Strong asymmetric upside.
#ENAUSDT #ethena #crypto #altcoins #TechnicalAnalysis
The weekly chart for ENA (TetherUS Perpetual Contract) highlights a massive long-term structural turnaround. After completing a deep corrective phase to find an absolute floor near $0.00000, price printed a solid double bottom and has forcefully broken out of its multi-month macro descending wedge!
š Key Technical Levels:
ā¢ Current Situation: Trading at $0.19722, establishing a higher low right above the 1.0 Fibonacci line ($0.15076).
ā¢ Immediate Objective: $0.62719 (0.618 Golden Pocket resistance block).
ā¢ Mid-Term Target: $1.06269 (0.236 Fibonacci cluster).
ā¢ Macro Moon Target: $1.32850+ (0 Fib structural multi-month high).
ā¢ Invalidation Floor: A weekly close below $0.08000 invalidates this bullish projection.
š” Smart Strategy: Accumulate spot or low-leverage exposure on minor localized pullbacks. Strong asymmetric upside.
#ENAUSDT #ethena #crypto #altcoins #TechnicalAnalysis