EENA/USDT Weekly Analysis
ENA has been playing out a classic fakeout and trap setup around the lower support zone. Each dip below support attracted aggressive selling, only for the price to reclaim the level and trap late shorts.
Now, the breakout attempt above the descending trendline is gaining momentum.
If price manages a clean weekly close above this zone, the next target sits around $1.00–$1.20, with a potential push toward the $1.52 high if volume supports the move.
DYOR, NFA
Thanks for checking this out.
ENA has been playing out a classic fakeout and trap setup around the lower support zone. Each dip below support attracted aggressive selling, only for the price to reclaim the level and trap late shorts.
Now, the breakout attempt above the descending trendline is gaining momentum.
If price manages a clean weekly close above this zone, the next target sits around $1.00–$1.20, with a potential push toward the $1.52 high if volume supports the move.
DYOR, NFA
Thanks for checking this out.
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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.
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.