ENSUSD - Curved Uptrend ContinuationENSUSD has allowed the bullish reversal along this curved trend line
This large curved trend line could initially be considered a descending scallop (looks like a lower case l from the initial price beginning) but now it has progressed to where the structure is enabling the bull market
Scenario where the curve continues and the bulls win.
ENSUSDT trade ideas
Ethereum Name Service(ENS) formed Gartley for upto 14.50% moveHi dear friends, hope you are well and welcome to the new trade setup of Ethereum Name Service (ENS) US Dollar pair.
On a 4-hr time frame, ENS has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ENS Long Setup2 week 21 ema and 1 tenkan currently rejecting price. Opened second monthly candle over the 10sma. Looking at the daily structure, seeing the bid zone around the top of the cloud between the 2 week 10sma (curving up) and the monthly 10sma. Been patiently waiting for this long as I believe it to be the long into the trend trade. Easy invalidation with close UNDER 2 week 10sma. Might start dca in around daily kijun as there is also weekly support in that zone.
ENS : 2 TREND TARGETSENS is one of the interesting coins for the coming time.
It seems that ENS can show some effects on the low time frame
ENS is known for the idea to make ETH addresses into short addresses so they can be linked to Twitter and other websites, further, they building on more trends.
There are 2 expected targets
21 USD
28USD
The reason for this adding is that there is a high chance this coin will move into the short term.
High Time Frame LONG OPPORTUNITYHere we see the 2 week 21ema and tenkan acting as resistance (took the short here). Looking for rejection to 2 week 10 sma which lines up with monthly candle support. If you flip over to the monthly chart, you see monthly 10sma (support) dipping down. Pay attention on monthly open to see where the monthly 10 lines up. Could dip down to the monthly candle support and 2 week 10sma for perfect retest and long at $14.30.
ENSUSD LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones.
If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
ENS : THE DAY TRADE COINENS : THE DAY TRADE COIN
Seems to have some interesting trend on short term trading.
The above chart targets are long term trends but same time ENS can shows unexpected short range increase.
ENS known from the unique IDEA to have ETH address depending on name and can build to more functions.
2 Week chart to watchIf anyone has been watching the 2 week, could have seen that recent PA was over resistance. Now we see the 2 week tenkan diving down and could open the new candle UNDER price. This would line up with monthly support 10 sma. Watch for the 2 week close today. If market dips mor, the 2 week 10 is a good long entry.
ENS 1hr & 4hr Ethereum Name Service is a volatile mover when it moves. It's always a sick move when ENS goes but check out the two charts here.
Check out some of the %s of recent moves.
1 HR: The way the 1hr chart has the curve to it is bearish. RSI and MACD are showing bearish signs as well. ( If reds over blue, you have no clue).
4 HR: It looks like a bull flag and looks healthy. But, damn... look at that DBSI score on the 4hr. It seems like a lot of bearish pressure is forming.
This is why we need to zoom out; I would short that 1hr chart, but the 4hr is questionable.
I think we will have more answers next time ENS reaches $20.
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.