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.
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.
Trade active
That was an excellent rejection at 19.89. Short!Note
Took profit. Trade closed.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.