📊 Macro Analysis + 1H Trigger — (ENS)
On the monthly timeframe, ENS is printing a strong indecision candle on a key support zone. This could signal either profit-taking from sellers or a potential buyer reversal.
2/
🔍 Key takeaway:
If we see a sharp move upward → buyers are stepping in.
If the market chops or pulls back → likely seller exit or weak buyer presence.
3/
Weekly TF: strong structure
Daily TF: signs of a new bullish cycle
4H TF: price in a range
1H TF: fakeout below support followed by 2 taps on resistance, with rising green volume candles ✅
4/
📈 Price is currently pushing toward 19.08 with notable buyer momentum.
The ENSBTC pair is also showing signs of bullish reversal.
⛳ Buy stop entries look valid.
On the monthly timeframe, ENS is printing a strong indecision candle on a key support zone. This could signal either profit-taking from sellers or a potential buyer reversal.
2/
🔍 Key takeaway:
If we see a sharp move upward → buyers are stepping in.
If the market chops or pulls back → likely seller exit or weak buyer presence.
3/
Weekly TF: strong structure
Daily TF: signs of a new bullish cycle
4H TF: price in a range
1H TF: fakeout below support followed by 2 taps on resistance, with rising green volume candles ✅
4/
📈 Price is currently pushing toward 19.08 with notable buyer momentum.
The ENSBTC pair is also showing signs of bullish reversal.
⛳ Buy stop entries look valid.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.