[ENSUSDT] - must be in ur portfolio!more than 2 years of accumulation ... on verge of breakout the accumulation now! market cap is only 685m ...potential to buy our longterm target is 200$ appereciating for support us with ur like and hit "follow" for more ideas🎯Longby ceciliones226
📈Market Analysis and ENS Coin Review🔍🔍Bitcoin has been ranging for several days, and the main market volume has shifted to Ethereum. This shift is primarily due to the significant hype surrounding Ethereum's ecosystem, attracting more investor interest compared to Bitcoin. 📆 Today's Coin: ENS Today's focus is on ENS, a coin within the Ethereum ecosystem. Due to the substantial hype around it, ENS has the potential for significant upward movement. 🗂 About the ENS Project ENS, which stands for Ethereum Name Service, provides domain names for Ethereum wallets, making asset transfers easier. Similar to how domain names simplify website navigation, ENS domains facilitate the easy identification and transfer of assets. 🧩 Chart Analysis After reaching the resistance at 26.39, ENS entered a ranging phase. From the beginning of 2024 to mid-April, it remained within a box between 16.55 and 26.39. It then broke downwards, reaching the 0.618 Fibonacci level, which coincided with a trendline on the chart, forming a support at 13.19. Following a month of consolidation, ENS broke above 16.55 and reached 26.39 again, where it is currently consolidating. 📊 Volume Analysis During the recent upward movement, volume increased significantly, indicating strong trader interest in ENS. Following the test of the 26.39 resistance, the volume started to decline, which is typical as the market decides its next move. 🪄 Indicators and Oscillators The RSI oscillator entered the overbought zone coinciding with the resistance at 26.39. If the RSI breaks the next overextended level at 79.01, it would indicate sustained momentum, potentially allowing the price to break 26.39 and target 38.34. Conversely, exiting the overbought zone might signal the activation of a bearish divergence, but this needs confirmation through new market structures. 👨💻 Futures Trading 📈 Long Position : For a long position, entering after a break above 26.39 is advisable. Identifying a trigger in lower timeframes might be challenging, but if the price stabilizes above this level, it could yield substantial profits. 📉 Short Position : For a short position, the primary triggers are at 16.55 and 13.19, which are currently far from the price. However, a risky short position could be considered at 22.59 if volume starts increasing on the sell-side and RSI activates its divergence, indicating a temporary loss of bullish momentum. 🛒 Spot Trading For spot trading, a break above 26.39 on the daily timeframe is a good entry point. Upon confirmation with a bullish candlestick, you can proceed with the purchase. If you already hold ENS, consider setting a stop-loss below the 13-dollar range. The initial target, if 26.39 is broken, is 38.34. 📝In summary, the analysis provided is based on current market conditions and chart data. Always cross-reference your analysis with other reliable sources and make your final trading decisions based on your personal strategy and market conditions. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.by itsparham967
Ethereum Name Service ENS price strong but there is a nuanceGiven the media hype surrounding the CRYPTOCAP:ETH ETF and the word #Ethereum, which is also in the name of the #ENS token, it's no surprise that #ENSUSD price has been rising so well over the past week #ENS is an Ethereum Name Service token used to manage the protocol and influence the pricing decisions of its .eth address and price oracle. Since the story around the #ETH ETF is not yet fully resolved, we can assume that there is still potential for growth in the ENS price, at least to $39-40. 🔽But looking at the #ENSUSDT chart, we see some rather “dangerous” shadows that may suggest that someone is selling aggressively. Therefore, we would probably risk buying #ENSUSDT no earlier than $21.30, but for now, we are watching this asset.by P_S_trade6
Short on ENS - 18$ targetWe could see one more push towards the highs this sunday, which I will be shorting if it happens. 18$ is where I am looking to close and take profits, probably somewhere next week. Stay safe!Shortby TV288Updated 6
🦋”ENSUSDT Falling Wedge Breakout ” 🦋 🚀📈Dear Traders, We are convening a discussion focused on #ENSUSDT THE Falling Wedge Breakout Has Already Done ✅ So,I am Expecting a Bullish Move of 100% 🚀😉 Regards: 🦋AnnaTradeCharts🦋 #Bitcoin #Crypto #Ethereum #Cryptocurrency #CryptoTrading #BTCUSDT #ETHUSDT #ALTCONS #USDT CRYPTOCAP:BTC CRYPTOCAP:ETH CRYPTOCAP:USDT CRYPTOCAP:PEPE CRYPTOCAP:DOGE NASDAQ:ALT Longby annatradechartsUpdated 5
**** ENSUSDT UNIQUE IDEA >>>>>#ENSUSDT (UPDATE) Hey dear members hope you all are enjoying our ideas and analysis. Now we are here to discuss about ENS. ENS is exactly on the way as Predicted already 20%+ gain so far. Still getting a good volume. We can see gain here upto 100%+ soonLongby Alice_Crypto_Signals4
%%%% ENSUSDT UPDATE %%%%% #ENSUSDT (UPDATE) Hey dear members hope you all are enjoying our ideas and analysis. Now we are here to discuss about ENS ENS is not coming slow. It has breaked the main falling wedge pattern. Here in this move we can see gain upto 100%+ soon ✍Longby Alice_Crypto_Signals6
Keeping an eye on #ENS/USDT External range liquidity in 4-Hour Keeping an eye on #ENS/USDT External range liquidity in 4-Hour TF! Wait for NYSE:ENS ERL sweep to short it. The local support level is PWH $15.5.Shortby TraderAAG3
ENSUSDT UPDATE #ENSUSDT (Update) Hey all friends and traders. Hope you are enjoying our analysis. we are here to analyze ENSUSDT today. Running in 35%+ profit ✅ Expecting more in coming days🚀Longby ELENA_CRYPTO_SIGNALS2
ENS 1D | UpdateThe target has been reached. The area of the purple box is a good level to take profit. Happy Trading by thenurixx2
Ethereum Name Service #ENS leverage on ETH (if we are lucky ofc) The network is pretty much unusable right now for regular people. A Rich man's chain. Either way the ENS chart presents a potential inverse head and shoulders that has a large log target reaching back to previous high's makes sense to me. Longby BallaJiUpdated 6
ENS 1D | IdeaIf the price can't close above the purple box , I'll be looking for that price action. Happy TradingLongby thenurixxUpdated 3
ENSUSDT: Bearish Trend with Harmonic PatternENSUSDT currently moving in down trend with strong Bearish Divergence, and in previous formed Bearish Harmonic Pattern, that is the confirmation of the bearish trend so we can take a short trade on mention price on the chart and wait for the TP strong support, and also reversal point.Shortby mudusirUpdated 1
ENSUSDT Daily tf Range Updated till 21-05-24ENSUSDT Daily timeframe range. PA trying for to get over 20.69 clean. it will be confirm after this daily close. a confirm breakout will open its way till 26.00. many alt's retraced well so it got chances of good setups. by cryptoforever13
ENSUSDT UPDATE#ENSUSDT (Update) Hey all friends and traders. Hope you are enjoying our analysis. we are here to analyze ENSUSDT today. Running towards our target. 15% profit done with in few hours✅✅ Still moving Upward🚀🚀 Longby ELENA_CRYPTO_SIGNALS3
ENSUSDT UPDATE #ENSUSDT (Update) Hey all friends and traders. Hope you are enjoying our analysis. we are here to analyze ENSUSDT today. ENS is making Symmetrical triangle has Already Breakout in Daily time frame. Expecting 50%+ profit so far🚀Longby ELENA_CRYPTO_SIGNALS1
ENSUSD 1WENS ~ 1W #ENS Make purchases gradually or you can make purchases after successfully breaking through this resistance block. , With a target of at least 20%+ from here.Longby CryptoNuclear0
📈Analysis for Potential Long and Short Positions in ENS✨🔍Today's market position offers a pivotal moment, potentially setting the trajectory for the next 2-3 months. Following a minor downturn yesterday, altcoins have once again approached the lower end of the trading range. This juncture demands vigilance, especially considering potential short positions upon breaking support levels to avoid missing out on market movements. 🔄Bitcoin has activated its trigger yesterday, signaling market activity. Therefore, I've identified ENS (Ethereum Name Service) as a coin still holding its support. ENS allows users to convert Ethereum addresses into unique NFTs, simplifying transactions. Feel free to send any funds to my address parham96.eth; it's my pleasure to receive them! ✅Utilizing price action analysis with a classical approach, focusing on breakout patterns, I've conducted an analysis on ENS. 💎A Fibonacci retracement from the previous downturn indicates a correction to 61.8%, suggesting diminished downward momentum. A range box has formed between 0.618 and 0.236 Fibonacci levels, with a ceiling at 16.8 and a floor at 14. This range has tested the 0.5 level twice, forming a Head and Shoulders pattern with neckline support at 14 and a potential first target at 12.45. During range-bound trading, closing positions at risk-to-reward ratios of 2 or 3 is advisable, building a foundation for risk-taking in future trends. Confirmation of trend reversal can be sought through RSI, with a break below 31.47 signaling potential significant price movements. For long positions, a risky scalp entry can be considered upon breaking 14.39, with risk-to-reward ratios emphasizing conservative targets. RSI confirmation below 42.63 can further validate the signal. 📈For long positions, entry confirmation is contingent on increasing buying volume, ensuring logical market participation. 🛒If ENS appears promising to you, please leave a comment for analysis feedback. Moreover, if there's considerable demand for spot buying analysis, I'll provide daily or weekly timeframe analysis for your convenience. ⚡️This analysis aims to equip traders with insights for potential positions, emphasizing risk management and strategic entry points in ENS trading. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2by itsparham9611
ENSUSDT Trading opportunityENS/USDT indicates the formation of a potential falling wedge pattern. Given the prevailing market sentiment, there's an anticipation of a bullish breakout. The Major Point of Interest (POI) identified on the chart stands out as a crucial buyback zone, highlighting an area where significant accumulation could occur. In our assessment, the supply area becomes a primary medium-term target once the breakout materializes. This zone typically transitions into a crucial support level following a breakout. However, it's imperative to note that the final setup target area necessitates a more thorough analysis. This zone could act as a pivotal point, demanding deeper scrutiny to ascertain the potential future trajectory of the pair. Your active participation and insights on this analysis would be greatly appreciated. Thank you for engaging in this discussion.by wesladUpdated 3374
ENSUSD 1WENS ~ 1W #ENS If the price returns to the demand zone, we will start placing large purchases here, with a target of at least 25%+ Longby CryptoNuclear3
29.04.24 Day trade idea for ENS USDTthe price cleared the previous fund's liquidity by $15.80. Soon after, it formed a sign of change in character showing interest in seeking higher prices. I will leave my take in the strongest and closest order block region.Longby CriptoSMCUpdated 223
ENS could really start to move hereKeeping this one simple and stupid as always. Think the upcoming ETH ETF approval should generate a massive liquidity inflow in all ETH-related projects - But unfortunately I don't see many talking about ENS. Anyway, pretty sure this one will profit from the money inflow as well and this might be the start of a trend reversal on a macro-scale. I'm looking for 20$ and higher in the coming months. Market structure would support this idea. Stay safe!by TV288Updated 2
ENSUSDT UPDATE #ENSUSDT UPDATE Hey all friends and traders. Hope you are enjoying our analysis. we are here to analyze ENSUSDT today. Falling Wedge Formation in daily time frame. Incase of Successfully breakout Expecting 80%+ profit so far🚀Longby ELENA_CRYPTO_SIGNALS2