ENSUSDT trade ideas
ENS wait for entryENS had broken the long-term horizontal resistance some day agos. Retest is on-going.
For short-term trade, i'm waiting the scenario as in chart.
For long-term hold, accumulation can start around this price.
Invalidation is when a 2D candle closed betlow the long-term resistance.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
ENSUSDTENSUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the healthy Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
ENS looking to breakout! The price action shows a potential for an upmove once it breaks out of the resistance level but we need the volume to support the move.
Disclaimer: The information provided here is for educational purposes only and does not constitute a buy or sell recommendation. I am not a financial advisor and I reserve the right to be incorrect. Do not make trading decisions based on information from the internet. Always consult your financial advisor or conduct your own research before making any investment decisions.
ENS New B-Wave | Trading Above ResistanceENSUSDT — Now trading above resistance (the purple line on the chart).
➖ It has been growing since October 2023 and shows room for additional growth; much more growth is possible on this chart setup/trading pair.
👉 It can easily move above $34, $42 and $55... More details on the chart.
Namaste.
ENSUSDT Trade Setup.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
ENS broke above the ascending triangle pattern and it is gearing up for a potential rally of 80% to 90%.
Entry: $24.213 to CMP.
Leverage: 2x to 5x.
SL: $23.57
Targets:
T1- $31.18
T2- $35.56
T3- $40.17
T4- $43.11
T5- $46.47
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Ethereum Name Service Flashes Bullish Ichimoku Signal 👉 Here's What Has Happened
Today, ENS flashed one of the most reliable trade signals: the Ichimoku signal. This signal combines different indicators and validates the trade setup on multiple timeframes. As a result, its win rate usually outperforms many other signals.
ℹ️ Signal Details
The signal flashed on the daily chart and had exceptional backtest results. Although the number of backtest signals is relatively low, the performance is clear: Every time this signal flashed, the price of ENS pumped by more than 10%.
💹 Other Technical Indicators
Most momentum indicators are in the neutral zone and, therefore, support the signal. Many trend indicators have turned bullish.
📉 What about the chart
ENS's 1D chart indicates a potential outbreak above the 27.5 level, which would open the road to this signal's profit target.
Ethereum Name Service ENS price strong but there is a nuanceGiven the media hype surrounding the CRYPTOCAP:ETH ETF and the word #Ethereum, which is also in the name of the #ENS token, it's no surprise that #ENSUSD price has been rising so well over the past week
#ENS is an Ethereum Name Service token used to manage the protocol and influence the pricing decisions of its .eth address and price oracle.
Since the story around the #ETH ETF is not yet fully resolved, we can assume that there is still potential for growth in the ENS price, at least to $39-40.
🔽But looking at the #ENSUSDT chart, we see some rather “dangerous” shadows that may suggest that someone is selling aggressively.
Therefore, we would probably risk buying #ENSUSDT no earlier than $21.30, but for now, we are watching this asset.
ETHEREUM NAME SERVICEPosted this earlier in the premium channel for the VIP and it is already doing profits. Nothing much, chart is self explanatory. The invalidation level was stated on the premium channel. BINANCE:ENSUSDT
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