ENSUSDT
ENS : THE DAY TRADE COINENS : THE DAY TRADE COIN
Seems to have some interesting trend on short term trading.
The above chart targets are long term trends but same time ENS can shows unexpected short range increase.
ENS known from the unique IDEA to have ETH address depending on name and can build to more functions.
ENS - Head and ShouldersENS has been characterized by strong buying pressure in the recent days.
Currently it has formed an interesting head and shoulders pattern on the 1H timeframe with the formation of a triple top.
I will short the coin at this price levels with very tight stoploss with target at around $18.5-18.
ENSUSDTHello friends
The price has reacted by reaching the pink range, and on the other hand, the negative divergence of the RSA in the four-hour time frame has also been issued to us.
Currently, if the current trend is below the range of $16.16, the possibility of the trend continuing to the range of $15.18 and $12.92 is high.
What do you think?
$ENS - ConsolidatingClearly consolidating at resistance - there is a want to go higher - seeing shorts being swallowed.
If can push through and retest - turning resistance to support - should see a push to higher line -> Big IF however - if rejected aim low support...
Largely will be related to MACRO environment over next week
If CPI / US Jobs data come in on-expectations - expect a push lower - this is due to likely response from FED being "right - we haven't broken anything yet - lets push harder for 75bps hike" - if however jobs growth / income growth weaker than exp. will see some evidence of risk on appetite....short term
Lets see.
Remember the market is forward looking - these things are around 75% baked in already.