$ENA Cup-And-Handle Pattern!
ENA Cup-And-Handle Pattern!Neckline Support: The price is retesting the neckline (around $0.94), which is a critical support zone.
EMA 200: The red EMA 200 at $0.63 is far below, indicating strong momentum above it.
Targets:If the retest holds, the next target is around $2.15 (projected from the pattern).
A breakdown below the neckline could push the price back toward $0.86 or lower.
Key: Watch for volume confirmation to validate the bounce or breakdown.
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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.