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ENSUSDT

Ethereum Name Service Flashes Bullish Ichimoku Signal 👉 Here's What Has Happened Today, ENS flashed one of the most reliable trade signals: the Ichimoku signal. This signal combines different indicators and validates the trade setup on multiple timeframes. As a result, its win rate usually outperforms many other signals. ℹ️ Signal Details The signal flashed on the daily chart and had exceptional backtest results. Although the number of backtest signals is relatively low, the performance is clear: Every time this signal flashed, the price of ENS pumped by more than 10%. 💹 Other Technical Indicators Most momentum indicators are in the neutral zone and, therefore, support the signal. Many trend indicators have turned bullish. 📉 What about the chart ENS's 1D chart indicates a potential outbreak above the 27.5 level, which would open the road to this signal's profit target.
Long
by ben_walther
1
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.
by P_S_trade
2
ENS Analysis: Spot Purchase in a Bearish Market?🔍Let's dive into today's analysis. Today, I want to analyze the ENS coin in the weekly timeframe, which could present a suitable opportunity to add this coin to your spot portfolio. 👑 Bitcoin Analysis 📈 As usual, let's first look at Bitcoin. Bitcoin has finally lost the support at 64429, and new downward momentum has entered the market. Currently, the first obstacle for Bitcoin's decline is at 63292, but it doesn't seem likely to hold off the bearish momentum. Bitcoin will probably move towards the 60681 support. ⚠️ If it finds support at this level, we need the market to create a new structure for a long position. If you already have a position, it's advisable to secure profits. For short positions, you can open one upon breaking 63292. ⏳ In the short term, we are likely to wait for the SMA7 to reach the candles, bringing new momentum into the market. The next trigger for RSI confirmation is the 30 level. Once this level breaks, it can confirm the entry of bearish momentum, likely leading to sharp downward candles. ENS Analysis 🌐 Now, let's move on to ENS (Ethereum Name Service). I've previously explained this project in past analyses. ENS stands for Ethereum Name Service, which assigns a domain to your wallet to make asset transfers easier, similar to how a domain makes website navigation easier compared to using an IP address. Weekly Time Frame 📅 In the weekly timeframe, as you can see, there's a very strong bullish candle. If it can close above the 26.39 resistance, it indicates that buyers have substantial power in this coin. After starting its upward movement and reaching the 26.39 resistance, it corrected to the 0.5 Fibonacci level, forming an accumulation zone. The POC Volume Fixed Range overlaps with this zone, pushing the price back up towards the 26.39 resistance. The buying volume has increased significantly over the past weeks, and now it is ready for a substantial upward movement. The SMA7 is also supporting the price well, maintaining the momentum in this coin. 🎯 The target for this movement can be, firstly, the 1 Fibonacci extension at 44.87 and, secondly, the 1.618 level at 93.98. These targets can be easily reached if sufficient volume enters this coin. Breaking 66.25 in RSI can provide the necessary momentum for the price to move towards these levels. 🚫 If a candle closes below 20.58, the bullish scenario fails, and a new structure is needed to consider buying this coin. ENS/BTC Analysis 🪄 Now, let's explore why I'm recommending buying this coin for spot purchases in a bearish market. This chart shows ENS/BTC, the ratio of ENS to BTC. As you can see, it is breaking the resistance at 0.0003473 and can move up to 0.0005745. The SMA25 is also supporting the price well, bringing momentum into the market. The targets for this upward movement are 0.0005745 and 0.0010319. 📝In summary, despite the overall bearish momentum in the market, ENS presents a strong opportunity for spot purchase. The technical indicators and volume trends suggest a potential upward movement. If key resistance levels are broken and the RSI supports the trend, significant gains could be achieved. However, caution is advised, and it's important to watch for key support levels to avoid potential losses. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Long
by itsparham96
4
📈Market Analysis and ENS Coin Review🔍🔍Bitcoin has been ranging for several days, and the main market volume has shifted to Ethereum. This shift is primarily due to the significant hype surrounding Ethereum's ecosystem, attracting more investor interest compared to Bitcoin. 📆 Today's Coin: ENS Today's focus is on ENS, a coin within the Ethereum ecosystem. Due to the substantial hype around it, ENS has the potential for significant upward movement. 🗂 About the ENS Project ENS, which stands for Ethereum Name Service, provides domain names for Ethereum wallets, making asset transfers easier. Similar to how domain names simplify website navigation, ENS domains facilitate the easy identification and transfer of assets. 🧩 Chart Analysis After reaching the resistance at 26.39, ENS entered a ranging phase. From the beginning of 2024 to mid-April, it remained within a box between 16.55 and 26.39. It then broke downwards, reaching the 0.618 Fibonacci level, which coincided with a trendline on the chart, forming a support at 13.19. Following a month of consolidation, ENS broke above 16.55 and reached 26.39 again, where it is currently consolidating. 📊 Volume Analysis During the recent upward movement, volume increased significantly, indicating strong trader interest in ENS. Following the test of the 26.39 resistance, the volume started to decline, which is typical as the market decides its next move. 🪄 Indicators and Oscillators The RSI oscillator entered the overbought zone coinciding with the resistance at 26.39. If the RSI breaks the next overextended level at 79.01, it would indicate sustained momentum, potentially allowing the price to break 26.39 and target 38.34. Conversely, exiting the overbought zone might signal the activation of a bearish divergence, but this needs confirmation through new market structures. 👨‍💻 Futures Trading 📈 Long Position : For a long position, entering after a break above 26.39 is advisable. Identifying a trigger in lower timeframes might be challenging, but if the price stabilizes above this level, it could yield substantial profits. 📉 Short Position : For a short position, the primary triggers are at 16.55 and 13.19, which are currently far from the price. However, a risky short position could be considered at 22.59 if volume starts increasing on the sell-side and RSI activates its divergence, indicating a temporary loss of bullish momentum. 🛒 Spot Trading For spot trading, a break above 26.39 on the daily timeframe is a good entry point. Upon confirmation with a bullish candlestick, you can proceed with the purchase. If you already hold ENS, consider setting a stop-loss below the 13-dollar range. The initial target, if 26.39 is broken, is 38.34. 📝In summary, the analysis provided is based on current market conditions and chart data. Always cross-reference your analysis with other reliable sources and make your final trading decisions based on your personal strategy and market conditions. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2. 🫶If you enjoyed this analysis and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
by itsparham96
📈Analysis for Potential Long and Short Positions in ENS✨🔍Today's market position offers a pivotal moment, potentially setting the trajectory for the next 2-3 months. Following a minor downturn yesterday, altcoins have once again approached the lower end of the trading range. This juncture demands vigilance, especially considering potential short positions upon breaking support levels to avoid missing out on market movements. 🔄Bitcoin has activated its trigger yesterday, signaling market activity. Therefore, I've identified ENS (Ethereum Name Service) as a coin still holding its support. ENS allows users to convert Ethereum addresses into unique NFTs, simplifying transactions. Feel free to send any funds to my address parham96.eth; it's my pleasure to receive them! ✅Utilizing price action analysis with a classical approach, focusing on breakout patterns, I've conducted an analysis on ENS. 💎A Fibonacci retracement from the previous downturn indicates a correction to 61.8%, suggesting diminished downward momentum. A range box has formed between 0.618 and 0.236 Fibonacci levels, with a ceiling at 16.8 and a floor at 14. This range has tested the 0.5 level twice, forming a Head and Shoulders pattern with neckline support at 14 and a potential first target at 12.45. During range-bound trading, closing positions at risk-to-reward ratios of 2 or 3 is advisable, building a foundation for risk-taking in future trends. Confirmation of trend reversal can be sought through RSI, with a break below 31.47 signaling potential significant price movements. For long positions, a risky scalp entry can be considered upon breaking 14.39, with risk-to-reward ratios emphasizing conservative targets. RSI confirmation below 42.63 can further validate the signal. 📈For long positions, entry confirmation is contingent on increasing buying volume, ensuring logical market participation. 🛒If ENS appears promising to you, please leave a comment for analysis feedback. Moreover, if there's considerable demand for spot buying analysis, I'll provide daily or weekly timeframe analysis for your convenience. ⚡️This analysis aims to equip traders with insights for potential positions, emphasizing risk management and strategic entry points in ENS trading. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
by itsparham96
Premium Crypto idea $$$$ #ENSUSDTENSUSDT is facing resistance, indicating a potential selling opportunity for day traders. The price has failed to break above this level, suggesting a reversal may be imminent. The overbought conditions on the RSI further support the idea of a short-term price decline. Day traders may consider selling ENSUSDT to profit from this potential downside movement. It is important to set appropriate stop-loss levels to manage risk effectively. Entry: 14.786 SL: 14.885 Target 1: 14.426 Like share and comment for more Click the follow button #crypto #daytrading #signal #analysis #moneymanagement Trade God out
by TradeGod003
1
ENS Targets a New All Time HighEthereum Name Service (ENS) is a decentralized naming system on the Ethereum blockchain, converting human-readable names like john.eth into machine-readable Ethereum addresses. It also allows the reverse, associating metadata and machine-readable addresses with human-readable Ethereum names. I believe that the macro price action on ENS targets a new all time high up to 700$ The clear stoploss that cancels the whole idea is any drop below 7.70$ #ENS
Long
by MohamedSewid
2
ENS looks bearish !The correction has started from where we entered "START" on the chart. It seems that we are in an ABC or a more complicated pattern. Now it looks like wave B, which was a triangle, is over. And we have entered bear C wave. The targets are marked on the chart. When we reach the first target, save some profit and then change the stop to entry Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
Short
by behdark