ENS / TetherUSLong
Alert! ENSUSDT on the Verge of a Major Bullish Breakout?
Yello, Paradisers! Are we about to witness a significant bullish move in ENSUSDT? Let's dive in and find out.
💎ENSUSDT has formed an inverse head and shoulders pattern, which significantly increases the probability of a bullish move. By zooming in, we can see that both the higher time frame (HTF) and lower time frame (LTF) are showing a bullish market structure, adding weight to the bullish scenario.
💎For confirmation, we need a breakout and a candle closing above the resistance zone. However, be aware that this area contains external range liquidity (ERL), which means we need a proper bullish breakout or we must proceed with caution.
💎If the price pulls back, we can expect a bounce from the bullish order block (OB), which is also supported by an Inversion. We need an I-CHoCH (Internal Change of Character) here to capture the potential bounce.
💎However, if the candles close below the bullish OB, which is considered the low of the right shoulder, it will invalidate our entire idea and pattern. In this case, it is better to avoid trading and wait for proper price action to form for a clear signal.
🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way you will make it far in your crypto trading journey. Be a PRO.
MyCryptoParadise
iFeel the success🌴
💎ENSUSDT has formed an inverse head and shoulders pattern, which significantly increases the probability of a bullish move. By zooming in, we can see that both the higher time frame (HTF) and lower time frame (LTF) are showing a bullish market structure, adding weight to the bullish scenario.
💎For confirmation, we need a breakout and a candle closing above the resistance zone. However, be aware that this area contains external range liquidity (ERL), which means we need a proper bullish breakout or we must proceed with caution.
💎If the price pulls back, we can expect a bounce from the bullish order block (OB), which is also supported by an Inversion. We need an I-CHoCH (Internal Change of Character) here to capture the potential bounce.
💎However, if the candles close below the bullish OB, which is considered the low of the right shoulder, it will invalidate our entire idea and pattern. In this case, it is better to avoid trading and wait for proper price action to form for a clear signal.
🎖Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way you will make it far in your crypto trading journey. Be a PRO.
MyCryptoParadise
iFeel the success🌴
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