ENSUSDT
ENS - Head and ShouldersENS has been characterized by strong buying pressure in the recent days.
Currently it has formed an interesting head and shoulders pattern on the 1H timeframe with the formation of a triple top.
I will short the coin at this price levels with very tight stoploss with target at around $18.5-18.
ENSUSDTHello friends
The price has reacted by reaching the pink range, and on the other hand, the negative divergence of the RSA in the four-hour time frame has also been issued to us.
Currently, if the current trend is below the range of $16.16, the possibility of the trend continuing to the range of $15.18 and $12.92 is high.
What do you think?
$ENS - ConsolidatingClearly consolidating at resistance - there is a want to go higher - seeing shorts being swallowed.
If can push through and retest - turning resistance to support - should see a push to higher line -> Big IF however - if rejected aim low support...
Largely will be related to MACRO environment over next week
If CPI / US Jobs data come in on-expectations - expect a push lower - this is due to likely response from FED being "right - we haven't broken anything yet - lets push harder for 75bps hike" - if however jobs growth / income growth weaker than exp. will see some evidence of risk on appetite....short term
Lets see.
Remember the market is forward looking - these things are around 75% baked in already.
ENSUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for ENSUSDT
Here we have R1 as our resistance area which contains the disability of the price to rise. And S1 used to be a resistance line. Thus, we have the fluctuation of price in R1 area and our expectation would be a rise for the price to reach the height of mentioned area (according to its past behavior). Then via having some falling signs, we expect a decline would happen to S1. Remember that if the price is able to fix itself over R1, more increase is waiting for it.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
ENS - Resistance is stronger than demand.Strong buying has been going on below, I expect the price to go down to the nearest strong support level.
If you like the idea, give it a like. That's the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
ENS Ethereum Name Service LONG OPPORTUNITY 20220929A Big head shoulder structure
A valid break of the neckline is necessary for this trade
ENS, Ethereum Name Service, ENSUSD , ENSUSDT , ENSUSDTPERP , ENSBUSDPERP, CRYPTO, CRYPTOCURRENCY
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions and be responsible for your own investing and trading Activities.