$ENA A/USDT Analysis
Elrond Name Service (ENA) is forming a cup & handle pattern on the 2-day timeframe,
a strong bullish setup that signals potential for a significant price surge!
Key Observations:
1. Bullish Pattern in Play:
The cup & handle is a classic breakout pattern,
indicating buyers are gaining control.
2. Support & Resistance Levels:
Immediate support: $1.10
Key breakout level: $1.30
3. Breakout Targets:
$1.53
$1.90
$2.50
4. Volume Confirmation:
Watch for a breakout above $1.30 with high volume to confirm the move.
Suggested Next Moves:
For Aggressive Traders:
Enter on a breakout above $1.30,
with a stop-loss near $1.20.
For Conservative Traders:
Wait for a retest of the breakout level ($1.30) for safer entry.
This cup & handle pattern signals bullish momentum—stay focused as ENA could be primed for a strong rally!
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