ENS/USDT: Both sides trade opportunitiesHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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ENS/USDT TA Update:-
TimeFrame :- 1D
$ENS is currently trading at $21 levels.
IS HAS BREAKOUT THIS CHANNEL
Both sides trade opportunities available once this daily candle closes
1 ) If the daily candle closes above this resistance -
Target:- $26 or much higher Targets can be achieved.
Stop loss :- $18.40
2 ) If the daily candle does not close above this resistance
Targets :- $15
Stop loss :- $21.80
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
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Enslong
ENSUSDT - Buy Setup!ENSUSDT (1D Chart) Technical analysis
ENSUSDT (1D Chart) Currently trading at $19.25
Buy level: Above $20.55 (Buy after breakout)
Stop loss: Below $13
Target 1: $23.9
Target 2: $28.80
Target 3: $36
Target 4: $50
Max Leverage 2x / Spot market
Always keep Stop loss
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#ENS/USDT 8HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick ENS/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello members welcome to ENS/USDT chart analysis by cryptosanders
In the above-mentioned chart, we can see that ENS/USDT was trading inside the triangle pattern and broke the upper trend line, and bounced 5% after the breakout.
In the current scenario, ENS/USDT is moving down to retest the upper trend line and yellow MA is also working as support.
Here the green zone is the zone to go long on the spot or low leverage.
entry:-$15.80,$17
target:-70% to 80%
stop-loss:-$14.080
with laverage 5x to 10x
Sorry for my English it is not my native language.
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
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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 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.
ENS/USD to $110 (HODL)(COINBASE LISTING)YOU CAN NOW TRADE ENS ON COINBASE
Support: $42.50-$40.00/ $36.00-$34.00/ $30.00 / $20.00
Resistance: $50.00-$48.50/$58.00/$65.00/ $75.00/$86.00/$96.00/ $110.00
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
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.