#swift
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#ENS is rebounding from the support trendline of the descending channel, with the Ichimoku Cloud acting as a resistance barrier.
A decisive breakout above both the channel and the cloud would confirm bullish momentum.
#ENS/USDT analysis :
#ENS is currently in an uptrend, consistently reaching new highs while trading above the 200 EMA. The price is now retracing towards the 200 EMA and a significant support level. It is expected that the price will test this zone and rebound, which should support the continuation of bullish momentum and will lead to a retest of previous highs.
TF : 1D
Entry : $30.35
Target : $47
SL : $23.38
#ENS/USDT analysis :
#ENS is currently in an uptrend, trading above the 200 EMA. The price has recently bounced back from the 200 EMA, suggesting a continuation of its bullish momentum and potential testing of higher levels. For a long entry, it is advisable to wait for a retracement to optimize the entry point.
TF : 30min
Entry : $43
Target : $48
SL : $38