📢 ENS – A Major Breakout Incoming? 📢
ENS is currently forming a Symmetrical Triangle pattern and holding its Trendline firmly, indicating a Bullish Consolidation. If this pattern holds, we could see a major Breakout in the coming days! 🚀
🔍 Technical Analysis:
✅ Symmetrical Triangle Formation – This pattern usually signals market consolidation before a strong move.
✅ Trading Above 100 M.A. – The price holding above the 100 Moving Average is a positive sign, indicating bullish strength.
✅ Low Volume, But Likely to Surge on Breakout – Until the breakout happens, traders should keep an eye on Trading Volume for confirmation.
📊 Two Possible Scenarios for ENS:
1️⃣ Bullish Breakout:
If ENS breaks above the resistance, it could push toward new highs.
The next target zone could be $35 - $40.
Indicators like RSI and MACD may confirm further strength.
2️⃣ Bearish Breakdown:
If the price falls below the Trendline, it could test lower Support Levels.
Potential support zones are around $28 - $30.
A drop in RSI may indicate increasing Selling Pressure.
🎯 Trading Strategy:
🔹 Wait for a Confirmed Breakout – Avoid fake-outs by confirming the breakout with strong volume.
🔹 Watch Volume & RSI – A rise in Buying Volume will confirm breakout strength.
🔹 Risk Management – Always use a Stop Loss to protect against unexpected moves.
👀 Keep an eye on ENS, as a big move could happen soon! 🚀