Alikze »» ENJ | 1H ascending channel
🔍 Technical analysis: 1H ascending channel
- It is moving in an ascending channel in the 1H time frame.
- After the formation of a triple roof in the area of the canal roof, it has been modified.
- A demand has been created in the range of the green box.
- Therefore, with a short-term correction, it can grow first to the middle of the channel and then to the ceiling of the channel.
💎Alternative scenario: In addition, if the green box is broken, it can continue the correction step until the correction request area.
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ENJUSDT
- It is moving in an ascending channel in the 1H time frame.
- After the formation of a triple roof in the area of the canal roof, it has been modified.
- A demand has been created in the range of the green box.
- Therefore, with a short-term correction, it can grow first to the middle of the channel and then to the ceiling of the channel.
💎Alternative scenario: In addition, if the green box is broken, it can continue the correction step until the correction request area.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
ENJUSDT Note
According to the presented analysis, after turning back in the green box area and around the bottom of the channel, it has grown by more than 5% in the 1H timeframe up to the middle of the channel. Note
So the demand for the green box has grown to the middle of the channel. In the middle of the channel, it has faced selling pressure, which has led to the correction to the green box target of the bearish scenario. Note
According to the predicted movement path, the alternative scenario after reaching the OB area met with demand, which was able to grow to the supply area. 
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