Where is the #DAO # ENS on rocky ground ENS is on rocky ground...if this slide continues then goes to sub $10.00
While an exciting premised to bring web3 to the "world" by decentralised naming for wallets and websites. The recent twitter identity crusade may very well handicap the protocol plans at the individual level.
ENSUSDT
ENS (dns Web 3.0 version) ENSUSDT analysis📈📉❇️Hello Crypto community Welcome to my new introduction for another high potential project.
Ethereum Name Service(ENS) is an open, public, decentralized identity protocol that runs on the Ethereum blockchain. Users can register ETH names native to ENS or import in DNS domain names they already own, which they can use as their cross-platform web3 username and profile, one name for all of their crypto addresses, and as a decentralized website.
$ENS is also the governance token of the ENS DAO , which manages the treasury and key parameters of the ENS protocol.
sources: coinmarketcap-ens.domains
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📈📉 TECHNICAL
As you can see on the daily timeframe for ENS/USDT , It is trading about $22.57 right now.
after reaching its ATH for the second time , by forming a double top pattern it has been beated again and since November it faced by selling orders pressure that is continuing decline , we can imagine a falling wedge for it which after a valid break out it can rise again to resistance areas. but take it in mind ens is a ethereum token and directly depended to situation of ETH , and it hasn't any specific strong support level yet and maybe its fall continue till we have green market for ETH and ETH.D
🛑resistance level: $ (45-49)- $(67-70)
🆚pivot zone: (26 -29)$
❇️support level: $ 22 & $16
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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ENSUSDT Perfect correctionENSUSDT Perfect correction
The Ethereum Name Service is a distributed, open, and extensible naming system based on the Ethereum blockchain. The Ethereum Name Service’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS is the native token of the system and is used for governance and voting on the use of treasury grants.
ENS Ethereum Name Service oversold The Ethereum Name Service is a distributed, open, and extensible naming system based on the Ethereum blockchain. The Ethereum Name Service’s job is to map human-readable names like ‘alice.eth’ to machine-readable identifiers such as Ethereum addresses, other cryptocurrency addresses, content hashes, and metadata. ENS is the native token of the system and is used for governance and voting on the use of treasury grants.
This could be a speculative buy in the oversold area.
ENS is moving towards 54.5- Ens broke out the double bottom pattern following the bitcoin move.
- Volume looks good making the move
- MacD just crossed at the 1D and has still a lot to go on the 4H
- The technical target of the outbreak of this pattern would be 57
- HOWEVER : the next resistance rests on 54.5 laying up exactly at the 0.382 fib. level.
ENSUSDT, Its time to buyHello everybody
According to the previous analysis, we shown on chart that the price after break the resistance zone area its need to have recovery then it can be ready to continue move upwards.
And now at this time this event happend and we complete the correction and we are ready to move upwards and take profit. :)
Everything was shown on chart, and please trail your position and manage it
Previous analysis :
Good Luck
Abtin
ENSUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
In the 4-hour time frame you can see that the price has been able to break its resistance line to the upside which has now turned into the support line. This is the pullback and we expect it to move toward the next resistance which is around $52. If the price goes below the line, we can say that we are in the bearish scenario. You can also see a head-and-shoulder pattern there and if the pattern works out, then the price will come down to $42 for the pattern to be completed and then the price will go back up.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
ENSUSDT, It can move like this movement ...Hello everybody
Do you know something about ENS ??
If you wanna know about that and wanna we publish fundamental of the coin/token, CM it for us
According to the chart you can see the price changed the trend from donward to upward and its coming to reach to the resistance zone level
If the price can break this resistance zone the movement that we shown on chart its in our mind and it can go up reach to new target
We will update this chart in future and if it can break the resistance zone we try to update new target and publish it
If you have any question send us message in private
Good Luck
Abtin
ENSUSDT SetupThere is a high possibility of having an upward trend, based on Ichimoku Clouds and Price Action. If you see, you will realize that ENS has touched the current level three times, which is a sign for a long setup. Remember, everything depends on BTC, but for now we have a bullish trend. If anything happens, I will let you know. lastly, whenever you are in profit, you can take it. ENJOY!
ENSUSDT posible Scenarios %+85If it is on the 3rd wave 52-58 support needs to hold if support keeps holding and BTC comes back around 60-62k this looks ready for a new leg to up.(shown in blue )
But if BTC keep poping there is the possibility that move 38 to 80 can stay as and ABC and we can go back to the 30-40 dollars region to have wider correction ( shown in yellow )
ENS update, wave (4) is about to endOkay so $85.5 is the top of wave (3) and also $75-$86 resistance band zone works like I expected. Right now the chart is finishing its correction move of wave (4). Expect (c) of (4) to be likely end when it touch 0.618 fib retracement level. My last support zone missed a bit, but now as we know the bottom of wave 4orange was in, it became a strong support coincides 0.618 fib.
#ENS Distrubution Phase looks Complete#Ens Distribution Phase looks complete, however we might see one more distrubution.
We should settle in the range of $45 to $65 to enter into an Accumulation phase.
RSI at present has some more room to go down hence a tad bit more lower levels might be witnessed.
Stoch RSI is burning to the ground, a minor pullback cannot be ruled out.
DCA strategy would be the best way to grab some for Long Term Hodlers