[Technical Analysis] ENA may be preparing a new uptrend. Here is my strategic plan (against BTC and USDC)
1. ENA/BTC – Possible macro bottom formed
The ENA/BTC pair is emerging from a prolonged accumulation zone, having formed a double bottom with RSI divergence on the weekly.
It broke the downtrend line on the daily and is now between the 50 and 200-day moving averages, where I see medium-term accumulation.
Daily RSI at 48, with room to the strength zone (60+).
On the 4h, I am waiting for the RSI to pull back to 30–40 and for reversal price action (inside bar, engulfing, pin bar) to enter.
Trade plan for ENA/BTC:
Entry: zone of 0.0000120–0.0000128 BTC with confirmation
Stop-loss: below 0.0000118 BTC
Targets:
0.0000145 BTC
0.0000160 BTC
Long term: 0.0000200 BTC+
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2. ENA/USDC – Strong candle on the daily, uptrend structure initiated
The ENA/USDC pair closed with a strong full-body candle (almost marubozu) on the daily, signaling clear strength from buyers.
Daily RSI at 63.6, in positive momentum zone.
The price is now above the 50-day moving average and also above the 8-week moving average, reinforcing the accumulation thesis.
On the 4h, the price rose strongly. I await a technical pullback with 4h RSI in oversold territory to seek a new entry.
Trade plan for ENA/USDC:
Entry: technical pullback at support on the 4h with RSI < 40 and reversal pattern
Stop-loss: below the support zone of the pullback
Targets:
1st target: $0.46 (last broken peak)
2nd target: $0.58
Long term: ATH at $1.20
Summary:
Both pairs show strength and signs of a bottom. My plan is to patiently wait for pullbacks on the 4h, with RSI in oversold territory and reversal price action. The structure is aligning — focus, discipline, and execution.
