ENS 1hr & 4hr
Updated
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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