$ENS BREAKOUT DONE What is a trendline break and how to trade it?
There is a breakout when the price crosses an important level. However, not all breakouts are created equal. There are preconditions for a breakout to be considered relevant:
Consolidation before the breakout.
A significant increase in trading volume.
Indicating investors’ enthusiasm to push the price as far as possible.
Regarding consolidation, breakouts often occur after forming a contraction pattern, such as a triangle or a wedge. During these market phases, the volume gradually decreases, and the amplitude of the movements does the same so that the price action evolves in a narrow range.
A sudden increase in volumes, as well as the exit of the price from the range, is often indicative of a new trend forming.
How to trade breakouts?
There are different ways to trade breakouts in the stock market, which are more or less aggressive depending on where you open your position.
ENS
ENS primed for takeoff? Classic Adam&Eve double-bottom pattern playing out as ENS has rallied the past few weeks with volume to support it.
As one of the most profitable projects in the ETH (and crypto in general) ecosystem, I expect ENS to do well this cycle, especially if plans to expand to other chains proves a success.
I marked some general target prices at weekly OBs.
we are so back.
happy trades,
CD
ENSUSDTThis is a 1D frame analysis for ENSUSDT As you can see, the price is holding onto its weekly support and we can assume that the price can see higher numbers if it can establish itself above the support line. With the consolidations, we can say that the price is in a range and if it can break out from either side, we can move in that direction. Suggestion: Given that the price has not established itself firmly yet, it is better to wait for the price to break out completely from one side before we start trading.
ENS Preparing for a Bull Run? | ENS/USDT Analysis💎Yello Paradisers, let's unpack ENS/USDT for a moment. Right now, it's navigating a downward channel, but we're keeping our eyes peeled for an imminent breakout.
💎If this breakout materializes, we can expect a dynamic price surge, just as we've projected.
💎Worth noting are the dual confirmed Order Blocks on the shorter timeframe. Given the liquidity in these zones, the price is likely to gravitate towards them.
💎Remember that a previous demand zone flipped into a supply area, leading to a notable price decline and aiming for the earlier Order Block. However, market uncertainty is a huge factor in this projection.
💎More updates are on the way, so stay tuned and make the most of your trading journey!
ENS/BTC - Ethereum Name Service: Super_Trend◳◱ We've detected a Super Trend pattern on the NYSE:ENS / CRYPTOCAP:BTC chart. The Super Trend indicator is showing a bullish trend, indicating a potential trend reversal. The next resistance key levels are at 0.0003263 | 0.0003422 | 0.0003872 and the major support zones are respectively at 0.0002813 | 0.0002522 | 0.0002072. We may consider opening a trade position at the current price zone at 0.0003086 and benefit from the trend continuation.
◰◲ General info :
▣ Name: Ethereum Name Service
▣ Rank: 147
▣ Exchanges: Binance, Hitbtc
▣ Category/Sector: Infrastructure - Identity
▣ Overview: The Ethereum Name Service is a distributed and open-source naming system that maps human-readable names to machine-readable identifiers like cryptocurrency addresses, metadata and content hashes. Although it is built on Ethereum, the lookup system can be deployed on private blockchains and other networks to customize complex strings of data to into readable content. Apart from the native .eth top-level domain, DNS top-level domains such as .luxe, .xyz, and .kred have been integrated into ENS.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0003086 ₿
▣ 24HVol: 0.153 ₿
▣ 24H Chng: 0.325%
▣ 7-Days Chng: -5.92%
▣ 1-Month Chng: -15.84%
▣ 3-Months Chng: -18.33%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0003263 | 0.0003422 | 0.0003872
◢ Support: 0.0002813 | 0.0002522 | 0.0002072
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: BUY
◰◲ Technical Indicators Summary : BUY
◲◰ Sharpe Ratios :
▣ Last 30D: -5.47
▣ Last 90D: -1.32
▣ Last 1-Y: -0.25
▣ Last 3-Y: 0.03
◲◰ Volatility :
▣ Last 30D: 0.43
▣ Last 90D: 0.61
▣ Last 1-Y: 0.83
▣ Last 3-Y: 1.37
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.58 - Bullish
▣ Reddit sentiment score is 0.40 - Bearish
▣ In-depth ENSBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
ENS/USDT Bullish move ahead ?👀 🚀ENS Today Analysis💎 ENS is primed for a bullish surge as it adheres closely to the trendline and maintains a strong support zone.
💎 The existence of a bearish OB, FVG, and liquidity are likely to bolster its upward trajectory. The price is expected to ascend to mitigate the bearish OB, fill the imbalance, and seize liquidity.
💎 Additionally, the volume is demonstrating robust momentum, indicating potential upward volatility.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
ENSUSDTENS, after breaking the bullish trendline, has now found support on another historical support zone that could potentially push the price back up. The target of this upward movement could be a retracement to the previous trendline or a break of the downtrend line. The entry zone below $10 can be attractive.
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
Analysis of the super future token ENSAnalysis of the super future token ENS
This currency has been correcting during the last one hundred days (red downward trend lines) and has reached its price floor in the last 316 days!
Due to being in a good block order area, we can hope for price growth.
The range of $9.93 can be suitable for buying, and if the downward trend line is broken, we can hope for the price to grow to the specified levels.
Don't forget capital management and compliance with risk to reward
ABC Pattern Unfolding: ENSUSDT Elliott Wave Analysis💎 #ENSUSDT could be on the verge of completing an ABC pattern, according to the Elliott wave theory. After a strong bounce off the 88.6% Fibonacci support, we witnessed a breakout of the downtrend trendline, fueled by heavy buying pressure. 🚀
💎 Furthermore, the price is contained within a tight ascending channel, suggesting a potential rapid rise towards the Fibonacci-based resistance area. 💥
💎 However, we can't rule out the possibility of a price spike downwards, testing the downtrend trendline and the double Fibonacci support around the $10 psychological level. If this occurs, buyers should seize the opportunity. 🎯
💎 It's crucial to note that a break below the C-wave would invalidate the short-term bullish outlook, potentially paving the way for a continuation of the downtrend. 🔴
ENSUSDT 80 % pump (NEW)ENSUSDT looks bullish.
Support has held and it has been retested several times. Now it looks like the trend is ready for a further continuation to the upside. If BTC doesn't dump hard, we should see altcoins catching up.
Stop loss, final target and 2 take profit levels are shown on the chart.
Good luck
$ENS/#BTC [#Ethereum Name Service]: Resistance_Breakout◳◱ Hey traders, we've identified a Resistance Breakout on the $ENS / $BTC chart. The price has broken above a key resistance level, which can indicate a potential bullish trend. Taking in consideration the next resistance key levels are at 0.0007104 | 0.0007417 | 0.0008238 and the major support zones are respectively at 0.0006283 | 0.0005775 | 0.0004954. It is a bullish indication and we may consider entering at the current price zone at 0.0006875 and targetting higher levels.
◰◲ Technical Metrics :
▣ Mrkt Price: 0.0006875 ₿
▣ 24HVol: 12.040 ₿
▣ 24hChng: 2.064%
◲◰ Pivot Points - Levels :
◥ Resistance: 0.0007104 | 0.0007417 | 0.0008238
◢ Support: 0.0006283 | 0.0005775 | 0.0004954
◱◳ Indicators recommendation :
▣ Oscillators: NEUTRAL
▣ Moving Averages: STRONG_BUY
◰◲ Technical Indicators Summary : BUY
◳◰ Market Sentiment Index :
▣ News sentiment score is N/A
▣ Twitter sentiment score is 0.59 - Bullish
▣ Reddit sentiment score is 0.71 - Bullish
▣ In-depth ENSBTC technical analysis on Tradingview TA page
▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated!
◲ Disclaimer
Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk.
▣ Welcome to the home of charting big: TradingView
Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30.
Discover it here - affiliate link -
ENS GO TO MOON VERY SOONHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the ENS symbol.
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
ENS : SHOWING INCREASE VIEW ON SCAN TREND ENS seems since the long term to show again some signals of increase , and the big question is if this coin is able to confirm the uptrend as it shows.
It's clear that the most of markets are into the breakdown, and that the main markets still need to confirm to get into an uptrend.
Since ENS showing an interesting view, we will check if its able to confirm some levels for the uptrend coming time .
ENS is more than only a coin, which makes them able to register the ETH domain names, and we see today an increase in market view for these domain names.
if you are interested to register new ETH domains or to check existing ones, have a good study on it before taking any action.
We personally did start the 06 numbers idea on ENS , below this update you can find the view of it. (it's our idea and we expect it will grow with time, and it's nice if you are interested in this market and how to build your ideas depending on your plans.
We did use the concept of 06 numbers, different countries + EU having 10-digit numbers that start with 06, and we know that unique numbers have always been hyped and worth value, so for this reason and other reasons, we did make them online connecting the ENS concept and we expect with time it can become more wroth
on ENS there are still free numbers or other random names to register on the original site then you are able to add them for selling.
If you have any nice ideas for registering ENS domain names share them with us so everyone can read it.