ENAusdt, recently listed with limited data for comprehensive analysis, shows signs of forming a potential bullish pennant.
We anticipate an upside breakout, leading to a strong resistance at the significant supply zone. If this resistance holds and triggers a rejection, we may see the price decline towards a weaker demand area, potentially breaking down further to a strong demand zone where major accumulation is expected.
However, if the breakout is robust enough to surpass the supply zone, the price could continue towards the main target around $2.56.
Regardless of the direction, this analysis should serve as a valuable guide for decision-making.
We anticipate an upside breakout, leading to a strong resistance at the significant supply zone. If this resistance holds and triggers a rejection, we may see the price decline towards a weaker demand area, potentially breaking down further to a strong demand zone where major accumulation is expected.
However, if the breakout is robust enough to surpass the supply zone, the price could continue towards the main target around $2.56.
Regardless of the direction, this analysis should serve as a valuable guide for decision-making.
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Trade active
Price make successful breakout above the pennant and been holding firm with good volume.
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
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.