Enso Price(ENSO)

【Market Structure】 ENSO_USDT is currently trading at 1.6122 on the 4-hour chart, positioned approximately 30.7% above the pivotal pivot point of 1.2328. The price is situated within an extended range above the R1 resistance level at 1.2913 and the R2 resistance level at 1.3349. The moving average convergence/divergence (MACD) combination is generating a neutral buy signal, while the price is oscillating at higher levels above the primary resistance band. The current structure indicates that the price has broken away from its core trading range and is now operating in a relatively overvalued zone from a technical perspective. 【Momentum Status】 The MACD has signaled a bearish crossover, suggesting that short-term momentum is undergoing a downward correction. The Relative Strength Index (RSI) remains at a neutral level, while the KDJ indicator and StochRSI data are incomplete, making it impossible to confirm whether the market is in overbought or oversold territory. The fast and slow indicators are diverging, with the MACD turning downward and forming a divergence with the bullish signals from the moving averages, leading to a decline in momentum concentration. 【Key Price Levels】 The upper R2 resistance level at 1.3349 is approximately -17.2% below the current price, serving as a distant retracement target. The R1 resistance level at 1.2913 is about -19.9% below the current price, acting as a near-term support-to-resistance conversion point. On the downside, the pivotal pivot point at 1.2328 is roughly -23.5% below the current price, while the S1 support level at 1.1892 is approximately -26.2% below the current price, providing key support references for traders.

This content is generated by AI based on historical and current market data. It is for informational purposes only and does not constitute any investment advice.