ENS
ENS Wyckoff Accumulation Prediction UPDATE: Shifted to the RightUpdate: Shifted the prediction pattern over to the right to fit over the current dip in price. Done in order to gauge the accuracy of the movements.
Ethereum Name Service (ENS) Wykoff Accumulation Price PredictionA price prediction for the ENS token using a Wykoff Accumulation pattern on the 2-hour chart for ENS/BUSD on Binance.
The initial spike in price on Binance has been omitted from this prediction as it was mainly due to the listing of the token on Binance and the spike in liquidity that came with it to the platform.
Looks like ENS is currently headed into Phase C of the accumulation pattern. Will be interesting to see how this prediction manages to fall short of what will really happen with the price.
Currently, if this prediction plays out in any fashion, the price chart looks like it is preparing to print out a nice "W-Pattern" in the coming days.
ENS Possible play-out towards $110#ENS token possible play-out towards $110
Its too early for major price predictions since its fairly new.
As per the supply we can expect a $110 target in the very short term and if the market stays in bull mode we can perhaps see a 3x to 5x parabolic move on the upside.
ENS/USDT LONG SET UP TO $100 (HODL) Binance has listed ENS
Ethereum Name Service, a protocol that issues non-fungible tokens (NFT) that can represent Ethereum addresses as well as web domains, launched an airdrop portal for its newly issued ENS token. Airdrops are a token distribution method that awards a portion of circulating tokens to Ethereum addresses that fulfill certain parameters, such as having purchased an NFT.
ENS NFT holders are currently eligible to claim tokens, with many users reporting allocations worth upwards of $20,000, and the project’s circulating market cap currently sits above $500 million.
Early adopters in the cryptocurrency market have once again been rewarded for their bravery and exploration after the popular Ethereum Name Service protocol, which issues nonfungible tokens that double as Ethereum addresses and web domains, distributed an airdrop for its new ENS decentralized autonomous organization (DAO) token.
The resulting airdrop translated to an instant five-figure payday for many holders and there are those who would have registered multiple ENS addresses to multiple wallets, meaning some holders are in possession of a six-figure airdrop.
It had been widely expected that an airdrop was in the works for members of the ENS community, especially because the tactic has become more common throughout 2021
The claims process for ENS tokens began at 7 pm on Monday, Nov. 8, and qualified domain holders have until May 4, 2022 to claim their allotted tokens.
The number of tokens each qualified user receives is based on a calculation that takes into account how long an address has held a domain as well as the length of the domain registration, with a cut-off of eight years.
Lower level tiers have received an average of 200 ENS tokens, while the mid-level tier has received 500 ENS and the most active participants have earned 1,000 ENS.
Claiming tokens also requires active participation from the domain holder, who has to vote on four articles of the ENS governance constitution designed to get the new decentralized autonomous organization off to a solid start.
Users must also delegate their token voting power before getting access to their tokens and Coinbase has emerged as one of the top delegates in early voting
LG Display is Looking UndervaluedFundementals:
P/E ratio at 3.5
OLED Sales gonna be higher since the holiday season
LCD Prices remain high
LG beat Q3 expectations
OLED growth going to be lucrative as LG position itself as the leader.
Technicals:
14day MA cross 50 Day MA
Bullish Reversal Pattern Formation
ENS Airdrop - Ethereum's Big Experiment in Political GovernanceAs of this week, ENS (Ethereum Name Service) tokens have been airdropped to .eth domain holders. The idea was to issue tokens for governance and policies, but the odd thing is that they decided to let it have its own market.
I think the idea behind this decision is to make the connections between politics and money explicit, rather than trying to deny it or separate it. We can see in the real world that politicians lie about this stuff all the time, while their supporters just hold their heads down and pretend it's not going on. Is this system a better one than the ones we have now? We'll find out, I guess.
ENS Stocks' local consolidation for future price increaseWith the prevailing longing movement there is potential signal which is gonna prove buying trend - flag formation.
It's good to notice that there is a good probability of false signal formation - breakout of bottom flag's line.
In our opinion it shouldn't confuse traders. Enter the position only after top flag's line breakout.
Also we see that recent correction with diminishing volumes (e.g. divergence) and that 60.00 price was broken with high volumes, e.g. volume of trades confirms our vision.
The vision and recommendation is to buy.
Entry point 65.00 ( top flag's line breakout)
Stop-loss 62.25 (flag's low price)
First Target 75.00 (according to Elliot's wave and sizing methods)
Risk/return ratio 1:3.64