chart analysis @lunyoner






ENA/USDT 1D – Exit from Base Formation, Descending Wedge Breakout and Uptrend Journey







📊 Overall Outlook:




ENA has formed a 'base formation' after a strong downtrend on the daily chart. The descending trendline has been broken, and the uptrend has been confirmed with consecutive green candles. The chart shows a classic 'descending triangle breakout' followed by 'base test and continuation'.






🎯 Targets and Prices:





  • Current price: 0.4013 USDT


  • Short-term target: 0.60 – 0.75 USDT


  • Medium-term target: 0.99 USDT (major box target in the chart, up to 230% potential)


  • Long-term potential target: 1.25 – 1.50 USDT (previous peaks)







📍 Support – Resistance Levels:





  • Main support: 0.29 – 0.33 USDT (lower band of base formation)


  • Intermediate support: 0.36 – 0.38 USDT (previous breakout level)


  • Initial resistance: 0.47 – 0.50 USDT


  • Main resistance: 0.60 – 0.75 range


  • Major resistance: 0.99 – 1.25 range (previous peak)







📈 Trend Direction:





  • Daily trend: Turned positive – downtrend broken


  • 4H: The uptrend structure is strong, pullbacks may occur with profit taking


  • 1W: EMA’s are still below on the weekly, but momentum has turned upwards







📉 Indicators:





  • RSI (1D): Approaching the 65 level, entering the overbought zone


  • MACD: Positive crossover, momentum is just starting


  • OBV (volume flow): Increased in the breakout from the bottom


  • Volume: The breakout candle has been supported by very strong volume







📐 Formations and Reversals:





  • Base Formation: A safe accumulation area formed at the bottom


  • Descending Triangle Breakout: Directly transitioned to an uptrend after the breakout without retest


  • Higher Lows & Break: The confirmation of the breakout has been achieved with rising lows







🔍 Volume Analysis (4h – 1d – 1w):





  • 4H: Volume explosions in uptrend segments


  • 1D: 2-3 times volume increase on breakout days


  • 1W: Although full confirmation has not yet come, the upward momentum is strong







🧭 Road Map – Possible Scenarios:





Scenario 1 – Ongoing Uptrend:





  • If the 0.47 resistance is broken, a strong rally may come to the 0.60-0.75 area


  • The 0.99 target is achievable (especially if BTC.D starts to drop)





Scenario 2 – Pullback & Continuation:





  • There may be a pullback to the 0.38 – 0.35 area, from which buyers may re-enter





Scenario 3 – Fakeout Risk:





  • If a daily close is made below 0.35, the formation may be invalidated







📌 What Should the Strategy Be?





Trade Plan:





  • Buying Zone:



    • Currently 0.40 – 0.43 is suitable


    • If there is a pullback, 0.36 – 0.38 is a safer entry



  • TP – Take Profit Levels:



    • TP1: 0.55


    • TP2: 0.75


    • TP3: 0.99



  • Stop Loss: Below 0.34 daily close


  • R/R ratio: Risk: 15% – Potential Gain: 230% → Strong opportunity







🔑 Trade Justification and Recommendation:





  • What should be traded?



    • Formation (descending triangle + base break)


    • Volume confirmation


    • Trend reversal structure


    • Expectation of BTC Dominance decrease with a possibility of positive divergence for altcoins








📌 Summary Comment:




@lunyoner indicates that ENA/USDT is showing a very strong breakout scenario from the bottom. Both technical formations and volume-supported breakouts offer medium-term potential up to 200%. However, patience should be exercised during pullbacks, and SL should be applied with discipline for formation invalidation.



The roadmap is clear: Formation broken → Targets 0.60 → 0.99 → 1.25


A strong position opportunity for investors planning trades based on this formation.