🔍 Technical Analysis: ENA's Cup and Handle Formation
Exciting times for $ENA as we're witnessing a textbook cup and handle formation! After months of methodical price action, we're seeing a clear breakout above the $1.10 resistance level.
Key points to watch:
Neckline breakout at $1.10 ✅
Strong volume confirmation
Next major target: $1.53 🎯
What makes this pattern particularly interesting is the clean accumulation phase we've seen since September, followed by this decisive breakout. The handle formation has been relatively shallow, which is typically considered a bullish signal.
Remember though - no pattern is guaranteed, and proper risk management is essential! What's your take on this setup? Are you watching any specific levels? 📊
