ENS/USDT Keep an eye on the resistance, Could ENS Break out ??

5 февр.

💎ENS has recently exhibited notable market dynamics. After experiencing a significant bounce from the demand area and facing rejection upon reaching the resistance level, the price is currently in an upward trajectory, encountering a crucial resistance zone.

💎 If ENS successfully manages to break through this resistance, there is a probability of a retracement before advancing towards our designated Bearish OB area.

💎 However, should ENS fail to breach the resistance once more, it could face a rejection, leading to a potential descent back towards the demand area, where a new momentum may be initiated.

💎 The demand area holds paramount significance, as a breakdown from this level would confirm a new lower low, indicative of a bearish trend. In such a scenario, the price could reach the Bullish OB area at 12.2.

💎 The Bullish OB area serves as the last support level for a bullish trend, necessitating a rebound and the reclamation of the price above the demand area if ENS intends to continue its upward movement. Failure to do so could result in a further breakdown, leading to a more substantial decline.