ENA has shown impressive strength, rallying over 235% from the bottom. After this strong move, price consolidated into a bullish flag formation, a continuation pattern often seen before the next leg up.
On the daily chart, a breakout has been confirmed, with price now preparing for further upside. Both the 100 and 200 EMA are acting as strong support at the bottom of the flag, while price is also holding above the volume support zone, adding confluence to the bullish setup.
If momentum continues, ENA has the potential to extend this breakout toward higher targets in the coming weeks. Proper risk management remains key, but the technical structure suggests the bulls are in control.
Cheers
Hexa
On the daily chart, a breakout has been confirmed, with price now preparing for further upside. Both the 100 and 200 EMA are acting as strong support at the bottom of the flag, while price is also holding above the volume support zone, adding confluence to the bullish setup.
If momentum continues, ENA has the potential to extend this breakout toward higher targets in the coming weeks. Proper risk management remains key, but the technical structure suggests the bulls are in control.
Cheers
Hexa
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
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.
🚀Telegram : t.me/hexatrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
🌐Website: hexatrades.io/
🗣️Twitter(X): twitter.com/HexaTrades
Related publications
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.