ENS Technical Analysis in Daily Timeframe
Updated
Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
ENS is getting rejected from the resistance trendline. The price is currently at $24.30, where we have the 100 EMA as support. If ENS fails to hold the current support, it is likely to drop by a further 20% to 30% in the coming days.
The lower support at $16.60 holds strong and must hold if we see a dip.
Key Observations:
- Primary Support: $23.7
- Lower Support/Entry: $16.6
- Resistance: Around $34
DYOR, NFA
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
ENS is getting rejected from the resistance trendline. The price is currently at $24.30, where we have the 100 EMA as support. If ENS fails to hold the current support, it is likely to drop by a further 20% to 30% in the coming days.The lower support at $16.60 holds strong and must hold if we see a dip.
Key Observations:
- Primary Support: $23.7
- Lower Support/Entry: $16.6
- Resistance: Around $34
DYOR, NFA
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
Note
ENS Update:
ENS got rejected as expected. The price went down to $14.18 but managed to make a daily close exactly at the support level.
With the price showing a rebound and the RSI in the oversold range, it is likely that ENS will see a good rally soon.
DYOR, NFA.
Daily Signals:- telegram.me/thecryptorphic
Coincatch:- bit.ly/15000USDTBonus
Bingx:- bit.ly/4000USDTBonus
MEXC : bit.ly/get9100usdt
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Coincatch:- bit.ly/15000USDTBonus
Bingx:- bit.ly/4000USDTBonus
MEXC : bit.ly/get9100usdt
Binance: bit.ly/cryptorphic1000
ELITES: bit.ly/Join_elite
Related publications
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.