TradeCityPro | ENSUSDT Better Status Than Altcoins👋 Welcome to TradeCityPro Channel!
Let's go together with one of the popular layer two coins that works in domain and address naming services for wallets and recently announced that it will launch layer two soon
🌐 Overview Bitcoin
Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together.
This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames.
📊 Weekly Timeframe
On the weekly time frame, ENS is one of the bullish coins in the market that has a good situation ahead and has started its main upward movement before the start of 2025 and in late 2023
After the start of the main movement after the 9.99 break, we started our main upward trend and we can say that we broke our ceiling in terms of market cap and made a new ATH market cap
We are also on a curve line that is bullish and supportive in nature and if this line is broken, it shows us that the main upward trend has weakened and if we go below 15.90, we will see a trend change in MWC
For re-entry, the 47.68 break is an interesting trigger and you can buy again and if the exit trigger is below 15.90, you can exit and for now, I recommend You can't buy in this time frame
📈 Daily Timeframe
In the daily time frame, however, it has held its own more than the rest of the altcoins and is suffering in its daily box between 24.78 and 27.55, which happened after the rejection at 47.68.
Also, in this time frame, we have a trend line that if the price reaches it, we will have the possibility of reacting and we will use it as a tool to save profit in the lower time frame if we react to it.
Also, the rejection candle that closes from this resistance at 27.55 in the same way, we will have the possibility of continuing the downtrend, and if 24.78 is broken, we can move towards 20.81 and 15.90. And for buying, if this support is faked or the 35.98 trigger is activated, I will buy, and in this box, I will only I trade in futures
⏱ 4-Hour Timeframe
In the four-hour time frame, what happened is that we faked the resistance above the box, which increases the probability of breaking the support floor
📉 Short Position Trigger
you can open a position with this four-hour candle as a guide, but on the other hand, it is better to wait for the support to reach 24.79 and the reaction from it and then follow its breakdown
📈 Long Position Trigger
we need to return to the ceiling again for now, and if we return above the support level sooner, we can think more about breaking 27.91 and open a more confident long position
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
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