4H ENSUSD Possible pathThe white elliot waves are from the 1H.
The 5 white impulse waves form wave 1 of the 4H EW (pink). ABC in white is from the 1H which forms wave 2 of the higher fractal (4H). That means hopefully wave 3 incoming on the 4H which may take price to previous support which is also the 161.8 fib.
Just a possible path based on elliot waves and fibs.
ENSUSD trade ideas
$ENS Breakout Let's get ready to rumbleeeeeeeeeeeeee!
$ENS isn't even a top 100 coin, yet it's one of the most used Dapps on Ethereum.
I expect $ENS to take out resistance these next few days, and blow off to around $100-$120
$ENS has been extremely resilient compared to $ETH and it's a great coin for hedging $ETH downside.
Pack your bags.
ENS TO MOVE TO 90$ENS is gana be huge as the onlt real and tru web 3 domain name service this coin should be well over a few 100$ real soon. lets compare GoDaddy's market cap (a web2 domain name provider) current value 70$ a share with a market cap of 11 bil. ens is barely 1 bill. doesnt take a genius to figure out whats gana eventually happen. bullish bullish bullish! ens market cap is 800 mil rn! if ens had go daddys mrkt cap itd be around 750$ each!!! extremely under valued in the coming years!
ENS. Ethereum Name Service. LongYesterday we had big selling volumen. That means capitulation.
Furthermore, between yesterday and today we are having big buying volumen. Big investors are interested in ENS.
Today on 4h chart is breaking and retesting.
Anyway, we need to look at the Bitcoin trend.
Why I trust on Ethereum Name Service, ENS?
Max. Supply is 100 millions.
Circulation supply is 14.6 millions.
ENS could be the parallel service to DNS on Internet.
Names can't travel on Internet. Internet connections happen trough TCP/IP protocol. This protocol needs IPs instead of names.
When you want to access to any website you type the name of the place you want to have a connection. Then that name is sending to a DNS server which returns to your computer the Ip of the website you want to have connection.
Blockchain has been using address instead of names to send/receive any crypto. ENS do the same as DNS servers on Ethereum. Ethereum is growing in many paths. It is necessary to have Ethereum address. It will much more easy to use a name than an address.
Cheers for reading.