ENSUSDT(EthereumNameService) Daily Range Updated till 19-06-24ENSUSDT(EthereumNameService) Daily timeframe range. a clean breakout over 24.68 if it dont end up in a fakeout like last time than till 31.77 is pretty open. it needs to defend 24.68 overtime for that. its also a recent retrace point.by cryptoforever12
Short on ENS - 18$ targetWe could see one more push towards the highs this sunday, which I will be shorting if it happens. 18$ is where I am looking to close and take profits, probably somewhere next week. Stay safe!Shortby TV288Updated 9
ENS_LONGIt seems that we are facing a double top pattern in the weekly timeframe. If the price can see the range of ten dollars once again, it is very suitable for buying.Longby M2it2M0
ENS Weekly AnalysisBINANCE:ENSUSDT or Ethereium Naming Service is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS is top gainer of the week with 10.44% up. The market was heavily bearish due to the BTC ETF outflows and despite of these, ENS managed to survive the wind. Earlier this month ENS approached near the $30 price mark which was the ATH of 2024 and faced a price orrection up to $19. Then ENS moved to $24.61 and is now forming a tiny cup and handle pattern. If ETH spot ETF trade commence news comes, we can see a breakout to the $30 and beyond. The moving averages and oscillators are giving a neutral signal in daily time frame, but for weekly time frame, both are giving strong buy signals.Longby Mudrex2
ENS's mid/long term hold...📉 BUY: ENSUSDT 📌 Entry Point: 22-24 ⛔️ Stop-Loss: daily candle close below 14 (39.1%) 🎯 Take-Profit #1: 40 (73.9%) 🎯 Take-Profit #2: 55 (139.1%) 🎯 Take-Profit #3: 84 (265.2%) 🎯 Take-Profit #4: 96 (317.4%) Longby GoldenTrades_7
ENSUSDT - Strong Support LevelGreen horizontal shows a strong support that has been reached for ENSUSDT I expect a strong bounce up off this horizontal ENSUSDT looks in favor of the bulls rather than bears. This is the 2Hr chart used to get a better look at this support. Longby Bixley3
ENSUSDT is BullishBulls have assumed control of the price action, after bullish divergence matured and now is playing out. First higher high is printed and it looks like that a higher low is also defined, which according to Dow theory is a classic sign of a bullish rally. Targets are mentioned on the chart. Longby Fahad-Rafique4
ENS 4H SHORT setup UPDATE - June 10 2024Following previous analysis and with more than 20% drop from entry level, ENS hit 19.9 level as full TP #BTC #ENS #CRYPTOby AlgoBotTrading1
ENSUSDT 4H possible SHORT setup - June 4 2024ENS seems to be heading for lower levels TPs: 24.45 - 22.0 - 19.9 SL: just above 26.8Shortby AlgoBotTrading5
ENSUSDT - Very Bullish StatePrice has broken out from the double bottom on the upward diagonal line A sloped cup and handle can also be plotted or it can be interpreted as a larger bowl structure, currently experiencing the upward phase of the handle or completing the bowl. See if it can reach the prior high Longby Bixley1
ENSUSD 1WENS ~ 1W #ENS Make purchases gradually or you can make purchases after successfully breaking through this resistance block. , With a target of at least 20%+ from here.Longby CryptoNuclear2
ENSUSDT: Bearish Trend with Harmonic PatternENSUSDT currently moving in down trend with strong Bearish Divergence, and in previous formed Bearish Harmonic Pattern, that is the confirmation of the bearish trend so we can take a short trade on mention price on the chart and wait for the TP strong support, and also reversal point.Shortby mudusirUpdated 3
📈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 itsparham969
ENS 1D | UpdateThe target has been reached. The area of the purple box is a good level to take profit. Happy Trading by thenurixx2
ENS 1D | IdeaIf the price can't close above the purple box , I'll be looking for that price action. Happy TradingLongby thenurixxUpdated 3
[ENSUSDT] - must be in ur portfolio!more than 2 years of accumulation ... on verge of breakout the accumulation now! market cap is only 685m ...potential to buy our longterm target is 200$ appereciating for support us with ur like and hit "follow" for more ideas🎯Longby ceciliones228
Keeping an eye on #ENS/USDT External range liquidity in 4-Hour Keeping an eye on #ENS/USDT External range liquidity in 4-Hour TF! Wait for NYSE:ENS ERL sweep to short it. The local support level is PWH $15.5.Shortby TraderAAG3
ENSUSDT Daily tf Range Updated till 21-05-24ENSUSDT Daily timeframe range. PA trying for to get over 20.69 clean. it will be confirm after this daily close. a confirm breakout will open its way till 26.00. many alt's retraced well so it got chances of good setups. by cryptoforever13
📈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 2by itsparham9612
ENSUSD 1WENS ~ 1W #ENS If the price returns to the demand zone, we will start placing large purchases here, with a target of at least 25%+ Longby CryptoNuclear3
29.04.24 Day trade idea for ENS USDTthe price cleared the previous fund's liquidity by $15.80. Soon after, it formed a sign of change in character showing interest in seeking higher prices. I will leave my take in the strongest and closest order block region.Longby CriptoSMCUpdated 223
ENS could really start to move hereKeeping this one simple and stupid as always. Think the upcoming ETH ETF approval should generate a massive liquidity inflow in all ETH-related projects - But unfortunately I don't see many talking about ENS. Anyway, pretty sure this one will profit from the money inflow as well and this might be the start of a trend reversal on a macro-scale. I'm looking for 20$ and higher in the coming months. Market structure would support this idea. Stay safe!by TV288Updated 2
ENSUSDT - Nice one to hop on to !Breakout identified.. This could be a good ride up ! by algodynamix0