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ENS

📈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 2
by itsparham96
ENS Targets a New All Time HighEthereum Name Service (ENS) is a decentralized naming system on the Ethereum blockchain, converting human-readable names like john.eth into machine-readable Ethereum addresses. It also allows the reverse, associating metadata and machine-readable addresses with human-readable Ethereum names. I believe that the macro price action on ENS targets a new all time high up to 700$ The clear stoploss that cancels the whole idea is any drop below 7.70$ #ENS
Long
by MohamedSewid
2
ENS looks bearish !The correction has started from where we entered "START" on the chart. It seems that we are in an ABC or a more complicated pattern. Now it looks like wave B, which was a triangle, is over. And we have entered bear C wave. The targets are marked on the chart. When we reach the first target, save some profit and then change the stop to entry Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Short
by behdark
SHPINGHello, here i present to you my analysis on SHPING Token. This token is available on Coinbase and other top exchanges. First and foremost, this is not financial advise. All financial decisions are your sole responsibility. This is simply and analysis and opinion. My analysis is displayed on a 3 day time frame chart. As you can see Shping has broken an almost 2 year old trend line (in blue). It can be interpreted as a descending wedge pattern, as price action moves in a way where it reaches an inflection point and the price action is compressed into a tight trading range. This technical pattern is usually followed by an explosive move to the upside. For the past 4 mnths price action has gone flat between the levels of 0.006 ( in white) and 0.004 right bellow (in gold). Thus the 0.004 area can be seen as a high interest level since it has been support and resistance for many months. This has resulted in an inverted Head and Shoulders formation which you can see highlighted in white. What we want to see now, and what i expect, is for price to begin making higher highs and higher lows. This would validate that bulls are now in control and that price will appreciate in the future. Once price breaks and holds above 0.006, we can see impulsive moves to the upside. The RSI in yellow looks to indicate higher highs. The MACD illustrates the same while also showing higher lows in price. This hidden bullish momentum. SHPING could be a winner. 10M market cap currently.
COINBASE:SHPINGUSDLong
by OroBoros777
8
ENS/USDT Break down the support, Potential visit on Bullish OB!💎 Paradisers, #ENS has recently undergone notable market dynamics. After breaking down the support level, it has transformed into a resistance zone. 💎 If #ENS fails to reclaim the price above this resistance, there's potential for further downward movement, with the next likely target being the Bullish OB area. 💎 However, if #ENS successfully reclaims and breaks out above the resistance level once more, there's potential for the price to revisit the key resistance area. A subsequent breakout above this level could pave the way for a move toward our target at the Bearish OB and supply zones.
by MyCryptoParadise_Nathan
Google Expands Crypto Visibility with Etherscan IntegrationIn a significant move that underscores its growing interest in the cryptocurrency domain, Google ( NASDAQ:GOOG ) has announced its integration with Etherscan for Ethereum Name Service ( NYSE:ENS ). This collaboration is poised to revolutionize the crypto landscape, offering enhanced visibility and accessibility for Ethereum users worldwide. The integration, unveiled recently, allows Google ( NASDAQ:GOOG ) users to delve deeper into Ethereum transactions by incorporating ENS domains directly into their search results. What began as a feature enabling users to search for specific public addresses and view wallet balances has now evolved into a comprehensive service encompassing ENS domains. This expansion marks a pivotal moment for crypto enthusiasts, streamlining the process of navigating the Ethereum blockchain. Former ENS core team member Brantly Millegan highlighted the significance of this integration, emphasizing its potential to elevate the crypto experience for users. However, while the integration promises greater convenience, some users have reported sporadic availability issues. Notably, the feature appears to function more reliably in private browsing mode or when logged out of Google services, prompting discussions around optimization and accessibility. The enhanced service details offered through Google's integration with Etherscan are poised to transform how individuals engage with Ethereum transactions. Users can now seamlessly search ENS domains and view wallet balances associated with blockchain addresses, all within the familiar interface of Google search results. This not only simplifies the process of conducting transactions but also amplifies crypto visibility, making it more accessible to mainstream users. Yet, amidst these advancements, questions around data privacy and security loom large. As Google ( NASDAQ:GOOG ) deepens its integration with blockchain platforms like Etherscan, stakeholders must remain vigilant about safeguarding user data and ensuring robust security measures. Balancing innovation with accountability will be paramount as these developments reshape the cryptocurrency ecosystem. Beyond Google's collaboration with Etherscan, recent developments within the Ethereum community have captured attention. Reports of the Ethereum Foundation facing scrutiny from a State Authority inject an element of uncertainty into the market, underscoring the need for transparency and regulatory compliance. Meanwhile, updates emanating from the protocol's GitHub repository signal ongoing evolution within the Ethereum ecosystem, reflecting its dynamic nature. Technical Outlook Alphabet Inc. ( NASDAQ:GOOG ) reacted to the integration news by surging 1.95% in Friday's Market trading with a positive Relative Strength Index (RSI) of 65 indicating a strong buying bias. NASDAQ:GOOG is also trading above the 200-day Moving Average (MA). Despite a recent dip in trading volume, Ethereum's live price remains resilient, indicating resilience amidst market volatility.
NASDAQ:GOOGLong
by DEXWireNews
ENS/USDT Primed for a Bullish Journey? 👀🚀ENS Analysis💎 Paradisers, let's focus on #ENSUSDT, as it's currently showcasing a pattern that hints at a potent bullish swing from its demand zone. 💎 Observing #EthereumNameService recent market behavior, we noted a significant 46% drop following a rejection at a major supply level. Despite this, it's shown resilience at the $14.90 demand level, hinting at an upward trajectory. 💎 However, with the price struggling to set new highs or break past previous ones, short-term market sentiment leans towards selling. Yet, the $14.90 mark stands out as a crucial juncture, likely to trigger another strong bullish response upon retesting. 💎 As seasoned traders, we're always thinking one step ahead. If NYSE:ENS doesn't kick off the expected climb from the $14.90 demand level and instead breaks below, we're ready to pivot our strategy. We'd then anticipate a bullish bounce from a lower demand level at $11.72, keeping in mind that falling below this level could lead to further declines.
Long
by MyCryptoParadise_Simon
ENSUSDT Triangle Breakout and 90% Growth PotentialExciting news on the charts for ENSUSDT! So, after what feels like ages, we finally saw ENSUSDT break free from its year-long downtrend trendline. Price then went on to form a Symmetrical Triangle pattern, and at the start of this month, we witnessed the breakout above the triangle, accompanied by a brand-new higher high. Now, what does all this mean? Well, it's screaming bullish vibes! The persistent bullish pressure we're seeing strongly hints at an ongoing uptrend. And if we take a look at the initial upside move, we can make a pretty educated guess about what comes next. Based on the strength of the first wave, it's entirely possible that our next upside target could hit around $44. It conveniently lines up with the 161.8% Fibonacci retracement level. It looks like we're in for quite the ride with ENSUSDT!
Long
by CryptoPAMM
ENS buy setupThere is a good range for ENS that has a chance to reject the price to the upside. If the price reaches the green range, we will enter the buy/long position. The targets are marked on the chart. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
ENSUSDT at weekly resistance, likely to land on weekly supportThe price has moved to the weekly resistance WR1 and got rejected from there on the first attempt and found support on the zone where weekly support WS1 lies. The price made another attempt at the weekly resistance WR1 only to get rejected again. The price is currently trading under this resistance after getting rejected. If the price lands on the support WS1 then it will be a long opportunity again. The next resistance on its way up is weekly resistance WR2 and that will pose significant resistance to the price movement.
by angela_altair
3
ENS can 30x - Important coin for EthereumENS looks absolutely bullish! We have a great volume on the indicator, as you can see on the chart, which confirms my bullish bias. The price recently broke out of the falling wedge reversal pattern and is now pumping. As per my Elliott Wave analysis, the corrective pattern should be completed. ENS is a very promising coin for the Ethereum Network. 30x is not impossible in 2024/2025. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades. What Is Ethereum Name Service (ENS)? Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS converts human-readable Ethereum addresses like john.eth into the machine-readable alphanumeric codes you know from wallets like Metamask. The reverse conversion -- associating metadata and machine-readable addresses with human-readable Ethereum addresses -- is also possible. The goal of Ethereum Name Service is to make the Ethereum-based web easier to access and comprehend for humans - similar to how the Internet’s Domain Name Service makes the internet more accessible. Like DNS, ENS also uses a system of dot-separated hierarchical names called domains with domain owners fully controlling their subdomains. ENS launched with a highly successful retroactive airdrop in November 2021 that rewarded users who had registered addresses before the project launched its token. However, in February 2022, it faced criticism over apparently homophobic tweets by its director of operations.
Long
by Xanrox
5
Market Update - February 9, 2024 Bitcoin crosses $47K as ETF inflows steadily outpace outflows: After remaining range bound between $42.5K-$43.5K for the past few weeks, bitcoin (BTC) jumped higher on Wednesday evening and once again broke through the $45K level for the first time since the launch of the spot bitcoin ETFs a month ago. On Friday, BTC rose past $47K. Continued demand for the spot bitcoin ETFs could be helping the move higher and they have been showing more strength this week with inflows outpacing outflows from Grayscale’s GBTC for the ninth consecutive day. Solana hovers above $100 despite five-hour outage: On Tuesday, the Solana network experienced a significant outage leaving the network offline for five hours, resurfacing the debate and criticism of Solana being too centralized. The price of SOL initially fell on the news, breaking below the $94 mark. However, the price fought back after the issues were resolved and moved above $100 on Wednesday evening. Ethereum Name Service partners with GoDaddy as altcoins perform well: Ethereum Name Service (ENS) saw its price gain over 20% over the past seven days following the announcement of a partnership with domain registrar GoDaddy on Monday that will allow Web3 users to link their .eth names to traditional Web2 domains at no additional cost. Other leading altcoins were also up this week, including Avalanche (AVAX) +3%, XRP +4%, Filecoin (FIL) +6%, and Immutable X (IMX) +8%.. Stocks break new records and interest rate debate continues: Stock prices continued to add to their strong start to the year with US stock indices posting new all time highs again this week. On Wednesday, the S&P 500 closed within touching distance of the 5,000 mark for the first time ever. The timing of interest rate cuts also continued to be debated this week. Market participants have tapered expectations slightly and are now pricing in five rate cuts for 2024, down from six at the start of the year. However, this is still higher than the baseline scenario put forward by the Fed, which is currently three rate cuts this year. 🥪 Topic of the Week: L2 Scaling Solutions 👉 Read more here
GEMINI:BTCUSD
by Gemini
1
ENS/USDT Keep an eye on the resistance, Could ENS Break out ??💎ENS has recently exhibited notable market dynamics. After experiencing a significant bounce from the demand area and facing rejection upon reaching the resistance level, the price is currently in an upward trajectory, encountering a crucial resistance zone. 💎 If ENS successfully manages to break through this resistance, there is a probability of a retracement before advancing towards our designated Bearish OB area. 💎 However, should ENS fail to breach the resistance once more, it could face a rejection, leading to a potential descent back towards the demand area, where a new momentum may be initiated. 💎 The demand area holds paramount significance, as a breakdown from this level would confirm a new lower low, indicative of a bearish trend. In such a scenario, the price could reach the Bullish OB area at 12.2. 💎 The Bullish OB area serves as the last support level for a bullish trend, necessitating a rebound and the reclamation of the price above the demand area if ENS intends to continue its upward movement. Failure to do so could result in a further breakdown, leading to a more substantial decline.
by MyCryptoParadise
1
GoDaddy and ENS Collaboration: A Leap Towards Crypto IntegrationGoDaddy ($NYSE: NYSE:GDDY ), the global giant in domain registration, has joined forces with the Ethereum Name Service (ENS). This partnership signifies a pivotal moment in the journey towards cryptocurrency mass adoption, opening doors for users to seamlessly integrate their conventional Web2 domains with Ethereum names at no additional cost. The Collaboration in Detail: The Ethereum Name Service, a decentralized domain system built on the Ethereum blockchain, has bridged the gap between Web2 and Web3 by partnering with GoDaddy ( NYSE:GDDY ). Through this collaboration, users now have the ability to link their existing domain names registered with GoDaddy ( NYSE:GDDY ) to Ethereum names effortlessly. Enhanced User Interface: GoDaddy ( NYSE:GDDY ) has revamped its user interface to accommodate this integration seamlessly. A dedicated section within the platform allows users to configure their domain names for use as alternatives to Ethereum addresses across various Web3 applications. This enhancement empowers users to engage with digital wallets, blockchain explorers, and NFT marketplaces using their familiar domain names, streamlining the user experience in the crypto space. Zero Extra Cost: One of the most compelling aspects of this collaboration is the absence of any extra cost for users. The initiative ensures that individuals can harness the benefits of blockchain technology without incurring additional expenses. This democratization of access aligns with the ethos of decentralized systems, making crypto integration more inclusive and user-friendly. Impact on ENS Token Value: The market response to this collaboration has been notable, with the ENS token experiencing approximately a 7% increase in value post-announcement. This uptick reflects the positive sentiment surrounding the partnership and underscores the growing importance of blockchain integration in mainstream platforms. Towards Mass Adoption: This collaboration between GoDaddy ( NYSE:GDDY ) and ENS marks a significant stride towards mass adoption of cryptocurrencies. By enabling users to leverage their existing domain names in the decentralized realm, the partnership addresses a key barrier to entry for many potential users. The enhanced user interface and zero additional cost aspects further contribute to a more seamless onboarding process for individuals looking to explore the world of blockchain technology. Conclusion: The GoDaddy ( NYSE:GDDY ) and ENS partnership exemplifies the evolving landscape where traditional web services intersect with the decentralized blockchain space. As more industry leaders embrace these collaborations, we can anticipate a smoother transition towards widespread adoption of cryptocurrencies. The enhanced user experience and the positive market response indicate that such initiatives play a crucial role in shaping the future of a more interconnected and decentralized internet.
NYSE:GDDYLong
by DEXWireNews