ENSUSDT.P trade ideas
ENS BEARISH DIVERGENCE ON RSI !!I think that ENS will go downwards to 13.2$ the line on the chart( Fibo 61.8%) , the bearish divergence is clear on the 4h timeframe on the RSI .
DROP LIKE IF YOU AGREE
NOT A FINANCIAL ADVICE
JUST SHARING MY IDEAS!!
ENS / USDT Support & ResistancesDaily Technical Outlook with possible short term trading targets- 13.09.2022
⛔️Note: Please watch Pro-Technical video on Cryptosocy platform first
$ENS is GOING DOWN!!!Looking at the Charts, we can see that there was a BOS (Break of Structure) and there was high volume
during the breakout that confirms the BOS, $ENS is about to go down.
Take a good position and let the profit flow..
I will be back to review this position.
Don't forget to drop a like, comment and share if you found this useful..
NOT A FINANCIAL ADVICE.
$ENS - Time to break the channel and BOOM$ENS as most of the other cryptos is ranging inside FALLING WDGE channel and trying to push through the TrendLine to go HIGH.
ENTRY point shd be near the confluence of lower upard TrendLine, upper TrendLine of FALLING WEDGE and 4H EMA 55. I m expecting the level around 12.8-13.1 to hold .
TPs levels are mentioned on the chart.
RLinda ! ENSUSDT-> Breakdown of downtrend resistance ENSUSDT The development of the situation by the bulls. On the chart we see key elements such as: an uptrending price channel, a downtrend line, which the price tested on May 3, August 6, August 18 and September 5. But on the next retest, the trend line could not hold the price and was broken through.
Also after testing the resistance at the end of August we can see the formation of the pattern "Head & Shoulders" and we could assume that with a global downtrend we should expect the continuation of the fall, but on the retest the pattern breaks and the price goes to the long zone, which implies the growth of the price.
After breaking the trend resistance, the price forms a pullback back to the support zone. At the moment we should expect the price fixation in the long zone either after the false breakdown or consolidation on the limit level.
I assume that after the price fixation we may see a rise against the trend and a recovery of the coin. Short-term target - resistance 20.74, medium-term target - liquidity zone 26.85.
Regards R. Linda!
ENS CORRECTION PHASE AFTER THE EXTENDED WAVE !After the extended wave(12345) got completed , we probably are going to see ENS doing a correction(ABC) like it's shown on the chart.
And we already had broken above the large descending channel by the way.
ENS/USDTENS/USDT
The short-term and long-term descending channel has broken upwards. The price increase is not far from the mind.
The targets are clear in the picture.
#ENSUSDT #ENS #BTCUSDT #BTC #ETHUSDT #DOGE #DOGEUSDT
ENS longENS broke the downtrend formation on the weekly, looking at daily timeframe we can see that it also broke a bullflag after a reaction from 61% golden pocket from the wave 1 measurement. According to Elliot Wave Theroy, the 3rd wave normally goes to 1.618 fib extension of wave 1. Personaly i'm looking forward to see the price hit 40usd in the upcoming days/weeks.
Plus the area represents an imbalanced area. The 20usd range is already mitigated so i think the price will go through without any issues.
NFA nontheless
ENSUSDT 1D ENS price perspective +80% growth in the coming weeksToday we will talk about the price prospects of the ENSUSDT trading pair
Ethereum Name Service is not a company but an open-source project that calls itself “an open public utility that belongs to the company.” Essentially, it aims to become a piece of infrastructure as vital to Web3 (to whom the laurels of the prospects of the coming years are given) as DNS is to the internet.
ENS is the governance token of Ethereum Name Service and is used to govern the protocol and influence decisions on pricing its .eth addresses and the price oracle.
Taking into account the information hype surrounding the transition of ETH from PoW to PoS in mid-September , the ENS price will also directly depend on these changes.
It is predicted that the annual emission of ETH will amount to only 0.3%, and a significant decrease in supply affects the growth of the price according to the laws of economics.
By the way, here we have an actual idea for the ETHUSDT trading pair
On the other hand, we have the original, historically 1st created Ethereum Classic, to which miners are increasingly switching. Investors' attention may switch from ETH to ETC, because the hashrate has grown by 480% since the beginning of the year, and the ETCUSDT price has increased 3 times in just 2 months, and this is in the current sluggish market.
By the way, the actual idea of ETCUSD is below
Summarizing:
It is difficult to predict the ENSUSDT price, taking into account the indirect dependence on the ETHUSD price, because it is not fully known how market speculators will react to the transition from PoW to PoS
Even in general, the crypto market has not fully embraced which trend him chose
However, the information hype around the word "Ethereum", which is also in the name of the ENS token , can play the role of "a trump card" and cause rapid growth to the region of $25
And if the market trend clearly changes to growth, then the target of $40 will become even more realistic
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ENSUSDTENS USDT
We note that the currency BINANCE:ENSUSDT on all frames is good and has broken the downtrend, so it may reach those goals
Short ENSENS has formed a double top at the end of an impulse wave. You can look at this chart two ways. You can look at it as a cup/handle forming or you can look at it as a double top. Based on market conditions, this short could be a long term hold if we fall below these fibonacci retracement levels. My minimum take profit level is the first fib, but that could change if Bitcoin decides to go lower.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
ENSUDT | MULTIPLE RESISTANCEENSUSDT has recently broken below the rising support. The price also get rejection from 0.38 fib level.
We are expecting the price to go down from here but first, it may retest the broken rising support and the fib level too.
The bears are in control after the break rising support.
Manage your trades accordingly.
ENS analysisToday we would like to share with you a very interesting and promising ENS coin. In May, we saw a sharp drop of this coin by 75% in 8 days, this is our main nearest resistance .At the end of this fall, we see a culmination on very large volumes, which indicates long-term buys of big players ,when we came to test this zone for the second time large volumes came back out for buy, which indicates that this is a zone of interest for the buyers. After accumulating for 2.5 months, we successfully exited above the $12-13 zone and showed a 145% increase from the bottom, which is a positive signal in such a bad market. And now, during the correction of Bitcoin, we tested the zone on the reverse side, collected stop losses and are already showing an increase of 25%, and this catch of stops can be a potential local Low before the next local High, and in the optimistic case we have the potential to the main resistance (100% growth). Cancellation of the scenario will be drop below $11 which opens a way to $7-9 in the demand zone. I'd be looking for buys after sure fixing over $14.
ENSUSDT is creating a bear flagThe price is creating a bear flag between the daily structures above the 0.618 Fibonacci level
How to approach it?
IF the price is going to lose the support and retest the daily support as new resistance, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
Play Safe! Wait for the pull back and LONGENS just reaches the down trend line, don't FOMO and buy high, better play safe and wait ENS back to the up trend line at around (10.30) and BUY.
ENSUSD - Still Bullish
ENS is moving into a new fib circle ring
I believe this will be a period of sharp up growth for ENS
This is shown with the bars / line pattern and double arrow
Good project concept and makes sense for price to move higher
ENS going downENS seems to take a downward move.
It has broken the support line and now heading for the lower support
Suggested Trade:
SHORT #ENSUSDT
@ 11.6
TP: 8.5-7.8
SL: 12.5
