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ENS / TetherUS

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ENSUSDT trade ideas

ENS entering accumulation phase? or are we going to see more lowIs ETH NAME SERVICE token entering accumulation phase or are we going to tank down to $5 since it serves no purpose other than Governance? We can see a long term falling wedge pattern, we did see some breakout recently with some buying volumes coming in from the 26th Jan 2022 Seems like ENS is paired to the big boys (bitcoin). And since Bitcoin seems to have paired with NASDAQ, if Bitcoin doesnt move to mid 40ks in FEB 22 It will be trouble for the markets. The reason being is that as we get closer to the month of March, FED is about to announce its first Interest Rate Hike since ages. This may have a bearish impact on the stocks which might result into a sell off in crypto markets as well.
by btgraph
ENS (dns Web 3.0 version) ENSUSDT analysis📈📉❇️Hello Crypto community Welcome to my new introduction for another high potential project. Ethereum Name Service(ENS) is an open, public, decentralized identity protocol that runs on the Ethereum blockchain. Users can register ETH names native to ENS or import in DNS domain names they already own, which they can use as their cross-platform web3 username and profile, one name for all of their crypto addresses, and as a decentralized website. $ENS is also the governance token of the ENS DAO , which manages the treasury and key parameters of the ENS protocol. sources: coinmarketcap-ens.domains ------------------------------------------------------------------------ 📈📉 TECHNICAL As you can see on the daily timeframe for ENS/USDT , It is trading about $22.57 right now. after reaching its ATH for the second time , by forming a double top pattern it has been beated again and since November it faced by selling orders pressure that is continuing decline , we can imagine a falling wedge for it which after a valid break out it can rise again to resistance areas. but take it in mind ens is a ethereum token and directly depended to situation of ETH , and it hasn't any specific strong support level yet and maybe its fall continue till we have green market for ETH and ETH.D 🛑resistance level: $ (45-49)- $(67-70) 🆚pivot zone: (26 -29)$ ❇️support level: $ 22 & $16 -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💜 if you're a fan of my analyses PLZ follow me ,give a big thumbs 👍 and drop comment 🗯💭
Long
by PRO_SMART_Trader
5
ENS LONGHello Communities, Haven't been here for a while, but web 3.0 recently caught my attention really. So, I am doing analysis for ENS today. On the daily time frame, ENS is framing a falling wedge, which usually has a high odds of pumping to the upside as long as the wedge holds. Price might make a decision sometime around Jan 22 and target would be $68 dollars, which is also confluent with the fib-level. Given its strong utility behind the project, I personally have strong faith for it. NFA.
Long
by Edisonyu
2