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ENSUSDT trade ideas

$ENS/USDT 3h (#BinanceFutures) Falling broadening wedge breakoutEthereumNameService just regained 100EMA support and looks good for short-term recovery, probably after a last dip! Current Price= 12.964 Buy Entry= 12.702 - 11.530 Take Profit= 15.409 | 18.184 | 20.961 Stop Loss= 9.472 Risk/Reward= 1:1.25 | 1:2.3 | 1:3.35 Expected Profit= +27.18% | +50.08% | +73.00% Possible Loss= -21.82% Fib. Retracement= 0.559 | 0.702 | 0.786 Margin Leverage= 1x Estimated Gain-time= 2 weeks Tags: #ENS #ENSUSDT #DNS #Domain #Web3 #DAO #Governance #NFT #DeFi #SolEco Websites: ens.domains ens.mirror.xyz Contracts: #ERC20 0xC18360217D8F7Ab5e7c516566761Ea12Ce7F9D72 #SPL CLQsDGoGibdNPnVCFp8BAsN2unvyvb41Jd5USYwAnzAg
Long
by TradingOn
2
ENSUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for ENSUSDT According to our previous analysis on April 22, we can observe that here we have a profit around 17% up to the present. Now it is clear that the price formed a long-term resistance line (R2) and after touching this line and having a failure in break, it faced a heavy fall down to the second support line as you see in our chart. Then by starting its rising trend, we formed another support line (S1) which shows the support of the price at several points. At the present, the price is fluctuating over our first support line and we predict it to rise over the first resistance line and then when it is fixed there, it will move toward the second resistance line. Even it is possible for the price to move downward and then have a pull back to the first support line and continue its falling trend and face more decline. 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
Short
by MarsSignals
ENSUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a 4-hour-time frame analysis for ENSUSDT According to our last analysis on May 1, we expected more fall for the price and now at the current chart you observe that our expectation came true. At the present, the price could fluctuate below the first support line and now it is moving toward the lost support line. We believe it will complete its pull back trend and touch the first resistance line and then face more decline. But in case it moves above the first resistance line, we will predict more rise for the price up to the second resistance line. 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
Short
by MarsSignals
ENSUSDT ! Fixing above the level. There is potential for growthENSUSDT is a young coin that trades quite confidently. The chart shows an updated trend, which has been changing from a downtrend to an uptrend since May 12. Just at this moment, Bitcoin is testing its lows. There is a local resistance level of 12.93 on the chart, the price is consolidating relative to it and forming a pre-breakout base. I assume a breakdown of the resistance at 12.93 with subsequent consolidation in the long zone, after which I expect growth. In the short term, I expect growth to resistance 16, and in the medium term to the liquidity zone 20.88 Sincerely, R. Linda!
Long
by RLinda
11
18/5 ENSUSDT - SHORT/MID TermActually, ENS has better performance as comparing with BTC that it formed a new range of Bear Flag. But since BTC is still working in the bear range, so I am not sure that ENS will be the only one survive or not. Will see. But Web3.0 application shall be the trend of cryptocurrency in the future and there is no doubt. So, I will keep an eye on this coin if the price action showed the reversal trend. I will consider to buy the spot and wait for higher. If the Bear Flag is still valid later on, I will wait for lower price once BTC reached the bottom again ~26-27k ENS will be in my watchlist in future.
by CHRIS_Crypt