π #ENSUSDT could be on the verge of completing an ABC pattern, according to the Elliott wave theory. After a strong bounce off the 88.6% Fibonacci support, we witnessed a breakout of the downtrend trendline, fueled by heavy buying pressure. π
π Furthermore, the price is contained within a tight ascending channel, suggesting a potential rapid rise towards the Fibonacci-based resistance area. π₯
π However, we can't rule out the possibility of a price spike downwards, testing the downtrend trendline and the double Fibonacci support around the $10 psychological level. If this occurs, buyers should seize the opportunity. π―
π It's crucial to note that a break below the C-wave would invalidate the short-term bullish outlook, potentially paving the way for a continuation of the downtrend. π΄
π Furthermore, the price is contained within a tight ascending channel, suggesting a potential rapid rise towards the Fibonacci-based resistance area. π₯
π However, we can't rule out the possibility of a price spike downwards, testing the downtrend trendline and the double Fibonacci support around the $10 psychological level. If this occurs, buyers should seize the opportunity. π―
π It's crucial to note that a break below the C-wave would invalidate the short-term bullish outlook, potentially paving the way for a continuation of the downtrend. π΄
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREEπ t.me/+QwK2mkoTGBU0Nzc0
ποΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals π shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREEπ t.me/+QwK2mkoTGBU0Nzc0
ποΈOr Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals π shorturl.at/ikpAV