Hello traders 🐺 .
in the ENS chart I found a big CUP&HANDLE pattern so I decided to share it with you my friends and publish an idea about it , so let's begin :
in the chart below you can see ENS formed very clear CUP&HANDLE pattern and currently price is in the handle part ; so what's the technical target of this pattern ?
usually the technical target calculate like above picture and as you can see if this happen there is a strong possibility to reach new all time high , but currently price is still in the descending channel and we must wait for the clear break out from the pattern neck line which is also daily resistance structure .
sorry guys that this is a very short idea because actually ENS haven't weekly chart or even daily chart; ; so I must do my TA on the lower time frame , but update you about this coin in the near future 🙏🐺 .
🐺I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for reading my idea🐺
in the ENS chart I found a big CUP&HANDLE pattern so I decided to share it with you my friends and publish an idea about it , so let's begin :
in the chart below you can see ENS formed very clear CUP&HANDLE pattern and currently price is in the handle part ; so what's the technical target of this pattern ?
usually the technical target calculate like above picture and as you can see if this happen there is a strong possibility to reach new all time high , but currently price is still in the descending channel and we must wait for the clear break out from the pattern neck line which is also daily resistance structure .
sorry guys that this is a very short idea because actually ENS haven't weekly chart or even daily chart; ; so I must do my TA on the lower time frame , but update you about this coin in the near future 🙏🐺 .
🐺I hope you enjoyed this analysis.
Do not forget to like and subscribe
share my ideas with your friends , thanks for reading my idea🐺