The "Cup and Handle" model $ENA indicates a potential rise, as the current chart shows an initial formation of the "Cup and Handle" model $ENA
It is one of the reversal patterns that indicate the end of the downtrend and the beginning of a strong upward trend. Key points of the cup: the "cup" part of the model has clearly completed, reflecting a phase of accumulation after the sharp decline of #ENA
The handle: the "handle" part is still in the process of formation, at #ENAUSDT🚨 and is not yet complete. The completion of this part and the break of the upper resistance line is a final confirmation of the model.
Predictions and potential targets:
If the model successfully completes and the breakout is confirmed, expectations indicate the first target: targeting the level of $1.30, which represents a major resistance level.
2. The second target: if this level is breached, the price is expected to reach a new peak exceeding $1.50, and may continue to rise to higher levels.
Summary:
This technical formation is considered a potential investment opportunity in the medium to long term. However, patience is advised, and the price should be monitored closely, as the completion of the model and confirmation of the breakout are essential conditions to activate these expectations.