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Mahiv Dawson
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Bullish
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$ARB
looks like -head and shoulder- pattern.
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ARB
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-4.81%
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Monitoring $BTC: Keep a close watch on Bitcoin’s price movements. Significant upward movement past $70,000 can signal a bullish trend for ENA. On the other hand, a decline to $56,000 may necessitate reassessing your position. Technical Analysis of $ENA: ENA is currently in a descending wedge pattern, typically a bullish reversal sign. Watch for a breakout above resistance levels around $0.77 and $0.83. A successful breakout could indicate a potential upward trend. Support and Resistance: Key support is around $0.59. If this level holds, it might prevent further decline. Resistance levels to watch are $0.77 and $0.83 for signs of an upward breakout. Whale Activity: Given that 97.11% of ENA is held by whales, monitor whale transactions. Significant buy or sell actions by these holders can drastically affect price movements.
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