ENS
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.
ENS Ethereum Name Service oversold The Ethereum Name Service is a distributed, open, and extensible naming system based on the Ethereum blockchain. The Ethereum Name Service’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS is the native token of the system and is used for governance and voting on the use of treasury grants.
This could be a speculative buy in the oversold area.
ENS is moving towards 54.5- Ens broke out the double bottom pattern following the bitcoin move.
- Volume looks good making the move
- MacD just crossed at the 1D and has still a lot to go on the 4H
- The technical target of the outbreak of this pattern would be 57
- HOWEVER : the next resistance rests on 54.5 laying up exactly at the 0.382 fib. level.
ENSUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
In the 4-hour time frame you can see that the price has been able to break its resistance line to the upside which has now turned into the support line. This is the pullback and we expect it to move toward the next resistance which is around $52. If the price goes below the line, we can say that we are in the bearish scenario. You can also see a head-and-shoulder pattern there and if the pattern works out, then the price will come down to $42 for the pattern to be completed and then the price will go back up.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
ENSUSDT SetupThere is a high possibility of having an upward trend, based on Ichimoku Clouds and Price Action. If you see, you will realize that ENS has touched the current level three times, which is a sign for a long setup. Remember, everything depends on BTC, but for now we have a bullish trend. If anything happens, I will let you know. lastly, whenever you are in profit, you can take it. ENJOY!
ENS Potential DecouplingWell hello there,
It has been years since I have posted here, its been years since I have properly interacted with the Crypto space, now returning in a much healthier way all things considered personally.
The idea i have here for $ENS is that it currently sits on the 200MA forming what looks like a pennant. I have copied the last time it did that recently to the chart where ENS has only recently been released and the 200MA only had just appeared before the last considerable move up. I think that moving into the new year that assets like ENS have the potential to decouple from $BTC and forming unique price structures.
Looking left TP's would be the previous ATH of 80 ish and long term 120 - 249 USD in perhaps 6 months or so. I am not interested in making exact calls, i obtained these figures through basic fib analysis.
We can see a very recent sign of decoupling where ENS followed btc up from the last major dip and proceeded to form a pennant instead of following BTC back down ( Which for now BTC seems to be forming a shoddy looking megaphone pattern).
I am still on the fence as to how much i want to be contributing to this space as I have plenty of other creative endeavors / business to attend to, as someone who has been in the space for over 7 years if crypto is all consuming for you I would suggest taking a break for a while and putting some love into other areas of your life, you wont regret it!
Big love.
Rick
ENSUSDT posible Scenarios %+85If it is on the 3rd wave 52-58 support needs to hold if support keeps holding and BTC comes back around 60-62k this looks ready for a new leg to up.(shown in blue )
But if BTC keep poping there is the possibility that move 38 to 80 can stay as and ABC and we can go back to the 30-40 dollars region to have wider correction ( shown in yellow )
#ENS Distrubution Phase looks Complete#Ens Distribution Phase looks complete, however we might see one more distrubution.
We should settle in the range of $45 to $65 to enter into an Accumulation phase.
RSI at present has some more room to go down hence a tad bit more lower levels might be witnessed.
Stoch RSI is burning to the ground, a minor pullback cannot be ruled out.
DCA strategy would be the best way to grab some for Long Term Hodlers
ENS breakout from falling wedge $75ENS after 69$ has potential to move towards $75 and move towards higher levels of around $110
I was a bit early to post $110 target in my earlier charts posted on trading view.
As the token is fairly new. Most of the Airdropped token do face some selling pressure. Seems we are past that.
Now time for some action.