Technical Analysis: Cup and Handle Pattern for $ENA
Exciting developments for ENA$ENA as we observe a classic cup and handle pattern! After several months of steady price movement, we've successfully broken out above the resistance level at $1.10.
Key highlights to monitor:
Neckline breakout confirmed at $1.10 ✅Strong volume backingthe move!
Next significant target: $1.53 🎯
What makes this pattern particularly noteworthy is the clear accumulation phase we've experienced since September, culminating in this decisive breakout. The handle’s formation has been quite shallow, which is often seen as a bullish indicator.
However, it's important to remember that no pattern is foolproof, and maintaining proper risk management is crucial! What are your thoughts on this setup? Are there specific levels you're keeping an eye on? 📊
