$ENA i’m pretty much sure in coming couple of days this will make a healthy bullish rally. ✌🏾
let’s break this ENA/USDT 1D chart down with double bottom and double top patterns in mind.
1. Double Bottom (Bullish Reversal Pattern)
• What it is: Price hits a low, bounces up, then comes back to test the same low, and bounces again — forming a “W” shape.
• In this case
• The first bottom happened near 0.55–0.56 (left side).
• The second bottom was almost at the same level after a small rally (middle section).
• Breaking above the “middle peak” of the W (around 0.65) confirmed the bullish breakout, leading to the strong rally towards 0.85.
✅ This explains the strong upward move you saw before the recent drop.
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2. Double Top (Bearish Reversal Pattern)
• What it is: Price hits a high, drops slightly, rallies again to the same high, then reverses down — forming an “M” shape.
• In this chart
• The first top was around 0.85.
• The second top came almost at the same level (slightly lower), showing rejection.
• Once price broke below the neckline near 0.75, it triggered a bearish move towards 0.68 (current level).
⚠️ If this plays out fully, the measured move target from the double top could be 0.65–0.64.
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Current Situation
• near support at 0.68.
• If this holds and we see buying pressure, the market may attempt a bounce.
• If 0.68 breaks down, next major support is 0.65 and then 0.62.
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Trading Outlook
Bullish Bounce Play (If Support Holds)
• Entry: Above 0.6950 after bounce confirmation.
• Targets: 0.73 → 0.75.
• Stop Loss: Below 0.68.
Bearish Breakdown Play (If Support Fails)
• Entry: Below 0.68 with strong volume.
• Targets: 0.65 → 0.62.
• Stop Loss: Above 0.70.