👋Welcome to TradeCityPro Channel!
Let’s dive in and analyze one of the DeFi coins, ENS, together. It’s been performing well recently and has some exciting news!
🌐 Bitcoin Overview
Before starting the analysis, I want to remind you that, as per your request, we’ve moved the Bitcoin analysis from the main section to a separate daily analysis. This allows us to discuss Bitcoin’s status in more detail and analyze its charts and dominance together.
This is the general analysis of Bitcoin dominance, which we promised to cover separately and analyze in longer timeframes.
📊 Weekly Timeframe
In the weekly timeframe, ENS is one of the bullish coins in the market with a promising outlook. It began its main upward movement before the start of 2025, back in late 2023.
After breaking the 9.99 level, we entered the main uptrend, and we can say that we broke the market cap ceiling, achieving a new ATH market cap.
We’re also riding a bullish curved line that acts as support. If this line is broken, it signals a weakening of the main uptrend. A drop below 15.90 would indicate a trend change in the MWC (Market Wide Correction).
Currently, our key weekly support has shifted. We were supported at 13.15, easily moving past this level. Our spot exit trigger is now 13.15, whereas last week it was 15.90.
📈 Daily Timeframe
In the daily timeframe, after a rejection from the ATH at 47.68, we entered a range box between 30.75 and 37.77. After some weak movements toward resistance, we saw a corrective wave.
Following a daily engulfing candle that covered the previous three candles, we experienced a sharp downward wave to 13.49. After that, seller pressure seemed to fade, and buyers stepped in. After a fake breakout at 13.49, we saw a move up to 18.41.
Additionally, the trendline formed during the recent declines in this chart was broken after the support at 13.49. However, since the trigger hasn’t been activated yet, we’re not acting on this trendline for now. But if 18.41 is broken, you could consider a risky spot buy.
✍️ Final Thoughts
Stay level-headed, trade with precision, and let’s capitalize on the market’s top opportunities!
This is our analysis, not financial advice always do your own research.
What do you think? Share your ideas below and pass this along to friends! ❤️
Let’s dive in and analyze one of the DeFi coins, ENS, together. It’s been performing well recently and has some exciting news!
🌐 Bitcoin Overview
Before starting the analysis, I want to remind you that, as per your request, we’ve moved the Bitcoin analysis from the main section to a separate daily analysis. This allows us to discuss Bitcoin’s status in more detail and analyze its charts and dominance together.
This is the general analysis of Bitcoin dominance, which we promised to cover separately and analyze in longer timeframes.
📊 Weekly Timeframe
In the weekly timeframe, ENS is one of the bullish coins in the market with a promising outlook. It began its main upward movement before the start of 2025, back in late 2023.
After breaking the 9.99 level, we entered the main uptrend, and we can say that we broke the market cap ceiling, achieving a new ATH market cap.
We’re also riding a bullish curved line that acts as support. If this line is broken, it signals a weakening of the main uptrend. A drop below 15.90 would indicate a trend change in the MWC (Market Wide Correction).
Currently, our key weekly support has shifted. We were supported at 13.15, easily moving past this level. Our spot exit trigger is now 13.15, whereas last week it was 15.90.
📈 Daily Timeframe
In the daily timeframe, after a rejection from the ATH at 47.68, we entered a range box between 30.75 and 37.77. After some weak movements toward resistance, we saw a corrective wave.
Following a daily engulfing candle that covered the previous three candles, we experienced a sharp downward wave to 13.49. After that, seller pressure seemed to fade, and buyers stepped in. After a fake breakout at 13.49, we saw a move up to 18.41.
Additionally, the trendline formed during the recent declines in this chart was broken after the support at 13.49. However, since the trigger hasn’t been activated yet, we’re not acting on this trendline for now. But if 18.41 is broken, you could consider a risky spot buy.
✍️ Final Thoughts
Stay level-headed, trade with precision, and let’s capitalize on the market’s top opportunities!
This is our analysis, not financial advice always do your own research.
What do you think? Share your ideas below and pass this along to friends! ❤️
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🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Related publications
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.
💥 Don’t Miss Out!
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Best Crypto Exchange: bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Related publications
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.