RLinda ! ENJUSDT-> Resistance breakdown. Beginning to rise?
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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