🧠 Context:
▪️ A "cup and handle" formation is developing — a classic bullish continuation structure.
▪️ Price is consolidating just below the upper channel resistance, forming a local bull flag.
▪️ ENS may follow ETH’s movement — or even outperform — due to its lower liquidity, offering potentially greater upside.
📌 Key Notes:
▪️ A breakout and hold above the $27–$30 zone could trigger a strong move.
▪️ Target levels from the structure point toward the $47+ area.
✅ Conclusion:
ENS is shaping up as a high-reward candidate. With accumulation underway, limited liquidity, and a textbook cup & handle setup, this altcoin might be preparing for a major leg up — especially if ETH leads the way.
▪️ A "cup and handle" formation is developing — a classic bullish continuation structure.
▪️ Price is consolidating just below the upper channel resistance, forming a local bull flag.
▪️ ENS may follow ETH’s movement — or even outperform — due to its lower liquidity, offering potentially greater upside.
📌 Key Notes:
▪️ A breakout and hold above the $27–$30 zone could trigger a strong move.
▪️ Target levels from the structure point toward the $47+ area.
✅ Conclusion:
ENS is shaping up as a high-reward candidate. With accumulation underway, limited liquidity, and a textbook cup & handle setup, this altcoin might be preparing for a major leg up — especially if ETH leads the way.
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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.
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.