ENSUSDT is testing the breakout
it has broken out of a rising wedge pattern, indicating a potential trend reversal. This breakout was supported by liquidity from the 19$ area, which provided support for the price and helped to push it above resistance levels.
The breakout has led to a retest of the resistance level, which is a common occurrence after a pattern like this. Traders may want to wait for a confirmation of a breakout above this resistance level before entering the market, as this would signal a continuation of the upward trend.
The next possible target for the price is the supply area at 18$, which is a key level of resistance. A breakout above this level would signal a continuation of the upward trend and could lead to further gains in the price.
Overall, the recent developments in the ENSUSDT market suggest that it has strong potential for upward price movement in the near future. Traders who are bullish on the market may want to consider entering at current price levels or setting a buy order above the resistance level in anticipation of a breakout.
The pattern Adam and Eve is a bullish reversal pattern, that indicates that the price is going to go up, it's characterized by two consecutive bullish candles, the first one is a long green candle and the second one is a small red candle that is enclosed by the first candle, this pattern is usually seen as a sign of reversal.
The breakout has led to a retest of the resistance level, which is a common occurrence after a pattern like this. Traders may want to wait for a confirmation of a breakout above this resistance level before entering the market, as this would signal a continuation of the upward trend.
The next possible target for the price is the supply area at 18$, which is a key level of resistance. A breakout above this level would signal a continuation of the upward trend and could lead to further gains in the price.
Overall, the recent developments in the ENSUSDT market suggest that it has strong potential for upward price movement in the near future. Traders who are bullish on the market may want to consider entering at current price levels or setting a buy order above the resistance level in anticipation of a breakout.
The pattern Adam and Eve is a bullish reversal pattern, that indicates that the price is going to go up, it's characterized by two consecutive bullish candles, the first one is a long green candle and the second one is a small red candle that is enclosed by the first candle, this pattern is usually seen as a sign of reversal.
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