Long

ENA — Another One To Break Out Soon?

Many tokens have broken out of their long-term downtrends in the last few days and pumped hard. If you missed the train, you should put ENA on your watchlist.

ENA has been on a downtrend for months but has set up a chart that screams for a breakout:
• It shortly dipped below the crucial level at 0.3 and formed a perfect bottom.
• After reclaiming the 0.3 level, it retested it again — this time successfully.
• Right now, the token made its first attempt to break out of the descending channel.

Given the current market continues to show strengths, we should see a breakout shortly.

If ENA breaks out, the price should rise rapidly. The first target is 0.67, while the stronger resistance is at $1.

ben_walther

I'm Ben. Crypto lover, trader, and coder.

Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com

🔥 For exclusive content: newsletter.bencrypto23.com/exclusive

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

ben_walther

Also on: