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ENS / TetherUS

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ENSUSDT trade ideas

ENS - downtrend ended, important coin for EthereumENS is one of the most important altcoins for Ethereum. We can see that the uptrend is starting, and 2024 is going to be huge for this coin. We can see that at the bottom of the downtrend, we have a pretty long accumulation of whales. The price should not go into this range ever again. We have only 2 resistances on the way up: 0.5 FIB + major swing high and the previous all-time high. I think we are going to go much higher in 2024, but I will make updates later. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades! Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS converts human-readable Ethereum addresses like john.eth into the machine-readable alphanumeric codes you know from wallets like Metamask. The reverse conversion -- associating metadata and machine-readable addresses with human-readable Ethereum addresses -- is also possible. The goal of Ethereum Name Service is to make the Ethereum-based web easier to access and comprehend for humans - similar to how the Internet’s Domain Name Service makes the internet more accessible. Like DNS, ENS also uses a system of dot-separated hierarchical names called domains with domain owners fully controlling their subdomains. ENS launched with a highly successful retroactive airdrop in November 2021 that rewarded users who had registered addresses before the project launched its token. However, in February 2022, it faced criticism over apparently homophobic tweets by its director of operations. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Long
by Xanrox
8
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.
Long
by nothingchangehere
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.
Long
by CScalp_EN
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. 🌴💼
Long
by MyCryptoParadise_Simon
1