Chart Pattern Analysis Of ENS
In month chart,
The candles were still restricted into a small box.
If K4 break up K3, it will likely accelerating.
In week chat,
K2 failed to close upon the box,
But the candles stay near the top line of the Box.
The possibility of break up is increasing.
If this week’s candle break up the parallel Channel,
A potential bullish double bottom pattern will established.
Will K3 break up the parallel channel ?
I don’t know.
K2 is a bullish engulfing candle, and swallow three red candle body.
It seems to be strong enough.
K3 must verify that, if not, the risk will increase.
ENSUSDT trade ideas
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.
LONG #ENSUSDT Consolidation near the cascadeLONG #ENSUSDT from $15.117
30m TF. The instrument has formed a cascade of three resistance levels, each of which has accumulated stop orders of short participants over several approaches. An upward design with a preload of price lows shows the strength of buyers with a possible continuation of the local trend.
The signal to enter a trade will be consolidation near the cascade and acceleration of the deal feed before the impulse movement.
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.
ENS/USDT Assessing Breakout Potential at Key Resistance?🚀ENS 💎 Paradisers, let's zoom in on #ENSUSDT, which is currently showcasing a captivating market scenario. It is actively testing a critical resistance level, hinting at a possible breakout and subsequent bullish move.
💎 #EthereumNameService is in the spotlight, rigorously testing the resistance at $10.80 for the third time. This consistent pressure at the resistance level significantly increases the likelihood of a breakthrough. If ENS successfully overcomes this barrier, it could embark on a bullish journey, setting its sights on the higher resistance target at $14.89.
💎 However, the ever-volatile crypto market demands versatility in our strategies. Should #ENS struggle to conquer the $10.80 resistance, we might need to shift our tactical approach. This could involve gearing up for a bullish recovery from the Bullish Order Block (OB) at $8.28. It's crucial to stay alert: a descent below this OB level might suggest a brewing bearish trend in the market. 🌴💼
#ENSIt is moving in a descending channel at time H1. The roof of the channel is being modified for a short time by forming a double roof. Therefore, it can face further correction up to the midline of the 12.5 dollar channel. If the stabilization candle closes above $12.5, the trend can be reversed.
W pattern formed on 4 hours and Long hereENS is the best crypto to long here. Every time it is going down it is picking up. The trend is going high. Long here. Ens will go to the 120 levels during 2024-2025 bull market.
Revisiting bottom seems impossible so take chances and long here.
NFA just a tutorial.
#ENSIt is moving in a descending channel at time H1. The roof of the channel is being modified for a short time by forming a double roof. Therefore, it can face further correction up to the midline of the 12.5 dollar channel. If the stabilization candle closes above $12.5, the trend can be reversed.
ENS/USDT Down for retesting phase on the support. Keep on eye!!💎 ENS recently faced a setback, encountering a firm rejection at a critical resistance area. This has led to a retreat towards a previously established support zone, now a focal point for a potential retesting phase.
💎 Market watchers are closely observing whether ENS can demonstrate resilience at this support level, the probability indicated by a bullish candle pattern or a strong bounce.
💎 Should ENS manage to rebound effectively from this support area, it may open the door for another attempt to breach the strong resistance area. Such a move would signal renewed bullish momentum and could significantly impact its market trajectory.
💎 Conversely, if ENS struggles to maintain its footing at the support level and breaches it downward, it could signify a shift back to a bearish trend. A breakdown below this support zone might lead ENS towards a more substantial support area, marking a deeper retracement in its value.
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
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
CRYPTO : ENSUSDHM signal (High momentum) spotted. Looking good with previous wave up with increasing volume and momentum.
- Heathy retracement and support well at good level @ 12.944 - 13.579
- Support on upward trendline / channel
- Trending slow and steady if able to hold above the support zone
It is at extremely good reward to risk level now if able to hold above the support level.