Alikze »» ENJ | Ascending channel - 4H

10월 15일

🔍 Technical analysis: Ascending channel - 4H

- It is moving in an ascending channel in the 4-hour time frame.

- A Double Bottom pattern is formed in the range of the green box by creating higher floors (HL).

Meanwhile, the creation of higher ceilings (HH) can be met with a correction in the 0.14 zones or the bottom of the channel with demand and create a newer ceiling (HH) up to the supply zone.

- Currently, in the middle range of the channel, it can continue its growth with a correction in the range of 0.14 to the supply area.

💎Alternative scenario:
In addition, if there is a stabilization below the 0.14 candlestick area and if the correction continues up to the specified areas and the green box, there is a possibility of breaking the green box area.
Therefore, if the correction is sharp, the bullish scenario is invalidated and can form a new floor.
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