📊📊📊📊📊
ENS/USDT: Eyeing a Monumental Reversal?
Pattern Analysis:
ENS/USDT has formed a large inverse head-and-shoulders-like pattern, followed by a strong move into the highlighted green demand zone ($25–$35). This area serves as a key accumulation zone for buyers.
Key Resistance:
The major horizontal resistance around $80 marks the neckline of this pattern. A breakout above this level could lead to a significant bullish rally.
Support Zones:
Immediate Support: $25–$35 (green zone).
Critical Support: $9.50, which corresponds to the previous lows.
Potential Move:
A clean breakout above $80 could propel ENS toward higher levels, potentially exceeding $100 in the long term. However, failure to maintain the $25–$35 demand zone could result in a retest of lower levels.
Conclusion:
ENS/USDT is showcasing a textbook bullish reversal pattern. Watch for a confirmed breakout above $80 with increasing volume as a signal for the next leg higher. Maintain caution if the price revisits the green support zone.