ENS already above the flag it broke out from closed the monthly under support but OPENED the monthly above the 10sma support line (which is is currently testing). Longing from here is not a bad idea as we have 6H and 8H support. and the monthly support Greedy bids are on the 4H kijun and daily 10 with a nice order block.
If BTC gives some relief, FIL could see a large move. Keep eyes on a break.
Coming up on the 1 year anniversary of the Shib pump and the daily setup is intriguing. Already tested the bullish order block. Might get the move down for the retest or does it rip through the twist? Not a clear entry here but interesting setup.
ENSBTC pairing had a good weekly close over resistance. Looking for a move up to mid point or top of range in the BTC pairing which would lead the usd chart out of this flag. Daily close in cloud could confirm this move for the usd chart.
SR flipped resistance and most every time frame supporting it. 4D is the clearest of all. Easy invalidation with a close over 4D tenkan in under 20 hours.
See plenty of people calling for .005 but support is support until it is broken. This is one of the easiest trades to manage as we are sitting on 2021 macro support. The dive yesterday could just be the liquidity grab market makers were looking for to take price higher. Easy invalidation of the long if closing below the 2021 low. Good luck.
Jasmy is breaking down and taking liquidity today and I see 2 more stops in the down trend. .008 will be the next stop where liquidity will be taken and we could see a temp bounce back to .0085 before the big drop to form the double bottom from 2021 low around .007. This will be the best place to long as the most easy manage trade.
Volume has been high in the accumulation zone. If BTC moves down, expecting Jasmy to test the macro low from 2021 creating a nice possible double bottom around .007. Easy invalidation.