Ensusdidea
ENSUSDT Trade Setup.Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
ENS broke above the ascending triangle pattern and it is gearing up for a potential rally of 80% to 90%.
Entry: $24.213 to CMP.
Leverage: 2x to 5x.
SL: $23.57
Targets:
T1- $31.18
T2- $35.56
T3- $40.17
T4- $43.11
T5- $46.47
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Ethereum Name Service ENS price strong but there is a nuanceGiven the media hype surrounding the CRYPTOCAP:ETH ETF and the word #Ethereum, which is also in the name of the #ENS token, it's no surprise that #ENSUSD price has been rising so well over the past week
#ENS is an Ethereum Name Service token used to manage the protocol and influence the pricing decisions of its .eth address and price oracle.
Since the story around the #ETH ETF is not yet fully resolved, we can assume that there is still potential for growth in the ENS price, at least to $39-40.
🔽But looking at the #ENSUSDT chart, we see some rather “dangerous” shadows that may suggest that someone is selling aggressively.
Therefore, we would probably risk buying #ENSUSDT no earlier than $21.30, but for now, we are watching this asset.
Ethereum Name Service- Quick Scalp ENS -
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Trade Setup
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- Buy : 15.10$ ( Don't buy before!!)
- Sell : 19.50$ ( Don't be greedy)
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- SL : Manage yourself -10% - RR is +30%
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- Check BTC movements and Quick Drop ENS if TheKing have a dip.
Happy Tr4Ding !
ENS short setuphello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
ENS short hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Please note in the market.📊Analysis by AhmadArz:
In current market conditions, it is necessary to reduce risk.
🔍Entry: 12.60
🛑Stop Loss: 11.75
🎯Take Profit: 13.35 -14.40
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ENSUSDTENS, after breaking the bullish trendline, has now found support on another historical support zone that could potentially push the price back up. The target of this upward movement could be a retracement to the previous trendline or a break of the downtrend line. The entry zone below $10 can be attractive.
⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
Ethereum Name Service(ENS) forming Gartley |Good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of Ethereum Name Service (ENS).
In previous trade of ENS the priceline moved slightly down than potential reversal zone, however, recovered soon and pumped well:
Now on a 4-hr time frame, ENS is about to complete a bullish Gartley pattern with Bitcoin pair chart.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ENSUSD - Curved Uptrend ContinuationENSUSD has allowed the bullish reversal along this curved trend line
This large curved trend line could initially be considered a descending scallop (looks like a lower case l from the initial price beginning) but now it has progressed to where the structure is enabling the bull market
Scenario where the curve continues and the bulls win.
Ethereum Name Service(ENS) formed Gartley for upto 14.50% moveHi dear friends, hope you are well and welcome to the new trade setup of Ethereum Name Service (ENS) US Dollar pair.
On a 4-hr time frame, ENS has formed a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
ENS - Resistance is stronger than demand.Strong buying has been going on below, I expect the price to go down to the nearest strong support level.
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and make yourself and your loved ones happy.
ENSUSDT 1D ENS price perspective +80% growth in the coming weeksToday we will talk about the price prospects of the ENSUSDT trading pair
Ethereum Name Service is not a company but an open-source project that calls itself “an open public utility that belongs to the company.” Essentially, it aims to become a piece of infrastructure as vital to Web3 (to whom the laurels of the prospects of the coming years are given) as DNS is to the internet.
ENS is the governance token of Ethereum Name Service and is used to govern the protocol and influence decisions on pricing its .eth addresses and the price oracle.
Taking into account the information hype surrounding the transition of ETH from PoW to PoS in mid-September , the ENS price will also directly depend on these changes.
It is predicted that the annual emission of ETH will amount to only 0.3%, and a significant decrease in supply affects the growth of the price according to the laws of economics.
By the way, here we have an actual idea for the ETHUSDT trading pair
On the other hand, we have the original, historically 1st created Ethereum Classic, to which miners are increasingly switching. Investors' attention may switch from ETH to ETC, because the hashrate has grown by 480% since the beginning of the year, and the ETCUSDT price has increased 3 times in just 2 months, and this is in the current sluggish market.
By the way, the actual idea of ETCUSD is below
Summarizing:
It is difficult to predict the ENSUSDT price, taking into account the indirect dependence on the ETHUSD price, because it is not fully known how market speculators will react to the transition from PoW to PoS
Even in general, the crypto market has not fully embraced which trend him chose
However, the information hype around the word "Ethereum", which is also in the name of the ENS token , can play the role of "a trump card" and cause rapid growth to the region of $25
And if the market trend clearly changes to growth, then the target of $40 will become even more realistic
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