$ENS $REN $KEY
the price of ENS/USDT appears to be forming a symmetrical triangle pattern, which is generally a continuation pattern. Here's a quick analysis:
1. Pattern Breakout:
If the price breaks above the upper trendline of the triangle, it indicates a potential bullish move.
If the price breaks below the lower trendline, it signals a bearish move.
2. RSI Levels:
The RSI(20) is near 60, which is slightly bullish but not overbought.
The RSI is not extreme, meaning there's still room for movement in either direction.
3. Volume:
Watch for a spike in volume, as it often confirms the direction of the breakout.
Recommendation:
If you're trading this, wait for a confirmed breakout above $45.2 (bullish) or below $38.78 (bearish).
Set stop-losses just outside the triangle's boundaries to minimize risk.#ThanksgivingBTCMoves #AIAndGameFiBoom #BinanceBNSOLPYTH #BitwiseFiles10ETFs #BSCOnTheRise