ENJUSDT on the global timeframe forms deceleration of decline, volatility reduction to the minimum values and rests in a fairly strong support zone 0.4110, which may affect the further development of the situation
On the background of a global bearish trend, the price stops and forms a downward wedge, which coincides with the trend. This set-up may be the first bell to change the direction of the price movement.
On the local chart, the price forms a resistance retest a day later and quite successfully, we see a breakout and impulse formation. I assume that the price may form a pullback to the area of 0.4200 to strengthen its positions with further growth.
Regards R.Linda!
On the background of a global bearish trend, the price stops and forms a downward wedge, which coincides with the trend. This set-up may be the first bell to change the direction of the price movement.
On the local chart, the price forms a resistance retest a day later and quite successfully, we see a breakout and impulse formation. I assume that the price may form a pullback to the area of 0.4200 to strengthen its positions with further growth.
- The short-term target is the level of 0.4417
- The next important zone is the resistance level of 0.4598.
- Medium-term target - liquidity zone 0.5158
Regards R.Linda!
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
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.