Outcome of Previously Published Wyckoff Accumulation Pattern ENSThe yellow sections are composed of the price prediction I made on Nov, 16, 2021. I saw the beginning of a Wyckoff Accumulation pattern forming and traced out how I thought it would play out over the following week or so.
It would appear that the Wyckoff pattern prediction was a solid prediction, I however was 66% too fast in my prediction timeline.
Ethereumnameservice
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 breakout from falling wedge $75ENS just broke out from Falling Wedge pattern.
ENS after $87 Sky is the Limit.
Some potential bullish targets.
ENS usdt - 24 hours into trading ENS to USDT on kucoin over 24 hours has increased 19.3% from $57.30 since yesterday.
Ethereum Name Service (ENS) is on an upward monthly trajectory, expect to see some great things from this!
ENS thoughtsThe current narrative of $ENS is bullish af as well as the chart.
As you can see it's trending upwards and we should expect $ENS to around $110 soon.
Drew some horizontals as well.
I'm loading up some more.
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 DAO Long, Web 3.0 is hereWARNING CONTRACT ADDRESS REFERENCED ALONGSIDE THE CHART IS A SCAM.
THE CORRECT CONTRACT ADDRESS IS 0xc18360217d8f7ab5e7c516566761ea12ce7f9d72
I am simply using this chart as a placeholder for now until the $ENS contract officially releases on uniswap .
You can verify it from:
@ensdomains official tweet
$ENS DAO article
official site
contract code functunality
Going long on $ENS dao token.
An ENS (Ethereum Name Service) is very similar to a DNS (Doman Name System), where instead of seeing a large hex address whenever you search a contract address, it’ll resolve to something a bit more human-readable like exampleName.eth instead of 0xAb5801a7D398351b8bE11C439e05C5B3259aeC9B.
It might cost a bit in terms of gas fees to register an ENS, but I believe it’ll be worth it as the airdrop tokens don't have to be claimed until May next year. Even more so considering Web3.0 is around the corner… this could be the next “NFT” collectible. Better stock up on ENS’s for resale on popular names. Much more valuable to collect than an NFT given the high demand of ENS's and low supply of ENS's available.
Considering the DNS is estimated to be valued at $8B , $ENS with a similar mcap could make $ENS valued at $80 per token not accounting for distribution flow. Seeing as how 50% of the supply will be locked up in the community treasury, it could be valued at least $160 instead (or 0.035 ETH at eth valued at $4.5k). But with 10% of the supply being available at launch we could see a high of $800 per token (or 0.2ETH at a $4.5k eth) if the fomo is strong at release.
I'd argue it could be worth even more per token given the amount of addresses per wallet/contract on the eth ecosystem that will use ENS's out of convenience, compared to how often retail IP addresses dont have DNS's resolved to them unless one is running a webserver.
