Hello to all the friends watching this analysis.
I hope the turbulent state of the crypto market suits you.
Next, we intend to discuss the pattern we estimate for the peak and trough of ENSUSDT as well as its potential highs and lows.
What currently dominates the market is selling pressure, and the overall market is in a state of greed.
It seems the market needs to cool off a bit and enter a state of fear for institutional investors to find it attractive to buy again.
From the overall trends in this chart, it can be observed that market whales are slowly taking profits.
It appears that for about one to two months, we will be in a range-bound situation within a 30% margin, and after that, a sudden drop will occur, bringing us down to around $22.
It seems that the bottom we can consider for this correction is $22, and from there we will move towards $60 or even higher.
So, the best strategy I can have is to buy at significant levels like $29 and $22.
Selling is also suitable at levels between $40 and $60.
This analysis is based solely on the chart and is completely personal; it is not a suggestion for you.
I am your friend. Please write your comments below this analysis.