In this analysis I want to talk about the possible end of accumulation of ENS. Where we saw a strong downtrend in the first half of the year, ENS has been making higher-highs ever since the market bottomed in June, see dotted lines. ENS seems to be following its own path, instead of following BTC's price action, which gives more hope to a bullish move.
In my view, ENS could see some kind of bullish break out move occur in the next couple of weeks. Targets in blue.
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.