RLinda ! ENSUSDT-> Breakdown of downtrend resistance

10 set 2022

ENSUSDT The development of the situation by the bulls. On the chart we see key elements such as: an uptrending price channel, a downtrend line, which the price tested on May 3, August 6, August 18 and September 5. But on the next retest, the trend line could not hold the price and was broken through.


Also after testing the resistance at the end of August we can see the formation of the pattern "Head & Shoulders" and we could assume that with a global downtrend we should expect the continuation of the fall, but on the retest the pattern breaks and the price goes to the long zone, which implies the growth of the price.


After breaking the trend resistance, the price forms a pullback back to the support zone. At the moment we should expect the price fixation in the long zone either after the false breakdown or consolidation on the limit level.

I assume that after the price fixation we may see a rise against the trend and a recovery of the coin. Short-term target - resistance 20.74, medium-term target - liquidity zone 26.85.

Regards R. Linda!