Alikze »» ENS | Corner pattern formation - 4H🔍 Technical analysis: Corner pattern formation - 4H
- It is moving in a corner pattern in the 4-hour time frame.
- Due to the formation of the Double Bottom pattern, higher floors and higher ceilings have been formed in the range of 15.80.
- Therefore, it can continue its growth with pullback to the range of 17.50 to the dynamic trigger and form a newer ceiling.
- In addition, with the failure of the dynamic trigger, it can continue to grow until the supply area.
💎 Alternative scenario:
If the green box is broken sharply, it can continue its dynamic correction (origin of movement) until the bottom of the trigger.
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BINANCE:ENSUSDT
ENS
ENSUSDT🔍 ENS/USDT Analysis: Key Dates for Strategic Moves 📉
The ENS/USDT chart highlights important upcoming dates where price movements may present trading opportunities:
• August 25, 2024, September 3, 2024, September 20, 2024 - Red Lines: These dates mark potential local peaks. Traders should consider these as moments to take profits or reduce exposure, as the price might face resistance or a downturn.
• September 9, 2024 - Green Line: This date indicates a potential local low, offering favorable conditions for accumulating ENS or entering long positions.
By aligning your strategy with these key dates, you can better position yourself to capture gains and manage risk effectively in the ENS market.
Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
#ENS #CryptoTrading #MarketAnalysis #Altcoins #Cryptocurrency #ENSUSDT
ENS / ENSUSDT🔍 ENS/USDT Analysis: 4-Hour Timeframe 📉
The ENS/USDT chart on a 4-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. These signals should be analyzed in conjunction with higher timeframes for a comprehensive market view.
• August 25, 2024, 5:00 PM - Red Line: This time marks a potential local peak. Traders might consider this as a moment to take profits or reduce exposure, as the price could encounter resistance or a downturn.
• September 2, 2024, 1:00 AM, September 19, 2024, 9:00 AM - Green Lines: These times indicate potential local lows, offering favorable conditions for accumulating ENS or entering long positions.
When working with this 4-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective.
Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
ENS Technical Analysis in Daily TimeframeHello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
NYSE:ENS is getting rejected from the resistance trendline. The price is currently at $24.30, where we have the 100 EMA as support. If NYSE:ENS fails to hold the current support, it is likely to drop by a further 20% to 30% in the coming days.
The lower support at $16.60 holds strong and must hold if we see a dip.
Key Observations:
- Primary Support: $23.7
- Lower Support/Entry: $16.6
- Resistance: Around $34
DYOR, NFA
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ENSUSDT.1DUpon reviewing the ENS/USDT chart, several crucial insights can be gleaned from the technical setup:
Technical Analysis
Resistance and Support Levels (R1, S1, S2, S3):
The price recently retreated from the resistance level at R1 ($28.11), suggesting a lack of sufficient buying pressure to push through this barrier.
The first support level S1 ($10.86) might act as a critical juncture. If the price holds above this level, it could indicate a consolidation phase before a potential move upward. However, a break below this level could lead to further declines towards S2 ($6.72) and S3.
MACD Indicator:
The Moving Average Convergence Divergence (MACD) shows a bearish crossover, with the MACD line below the signal line, indicating bearish momentum. This is further corroborated by the histogram, which is in negative territory, increasing the likelihood of continued downward pressure.
RSI:
The Relative Strength Index (RSI) is hovering around the 30 mark, nearing the oversold territory. This suggests that while the market sentiment is bearish, there might be a potential for a reversal if the index dips further into the oversold region and rebounds, signaling a possible exhaustion of selling pressure.
Conclusion
The current scenario in the ENS/USDT pair indicates a bearish trend with immediate support levels that will be crucial for determining future price action. The indicators suggest a cautious approach due to the bearish momentum illustrated by MACD and the near-oversold condition of the RSI. Investors should closely monitor the S1 level; a break below could exacerbate the bearish trend, whereas stabilization or a bounce from this level could provide a buying opportunity, particularly if other indicators suggest a shift in momentum. Given the current technical setup, my strategy would involve preparing for potential entry points if reversal signals appear at key support levels while maintaining readiness to adapt to a further downtrend if S1 is decisively breached.
Alikze »» MKR | Bullish Flag🔍 Technical analysis: Bullish Flag
- It has been moving in an ascending channel in the daily and weekly time frames.
- According to the analysis presented in the previous post, there has been a modification to the bottom of the channel and the ceiling of the previous major.
- There is now an ascending flag form with a pullback to the broken cap structure of the major.
- Therefore, if the green box meets the demand, according to the momentum and corrective structure of wave 4, it can have targets of 5000-5600-6250 up to Fibo 1.618. To continue the path, it must be above 2500 dollars to touch the specified goals.
💎 Alternative scenario: In addition, according to the previous analysis, if the green box breaks down, the next target can be the range of $1250.
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Which tokens will benefit from ETH ETF listing?----ENSThe ETH ETF began trading yesterday. In addition to direct benefits for ETH, which protocols will benefit from an ETH ETF. Almost all native protocols in the Ethereum ecosystem will benefit. Today, let’s talk about ENS, one of them.
The main business of ENS is to provide name service on Ethereum. Anyone can personalize an account ID through ENS, converting it from 0x to .eth.
The main reason why we chose ENS as one of the important tokens in the post-ETF period is that its trend will be very close to that of ETH in mid-2024, and it has been stronger than many tokens in the market. Tokens including other positive sectors, Uni and Ldo, all began to fall after a short pump. ENS maintains an upward trend with fluctuation. The lows are gradually rising.
The TSB indicator gave a BUY signal on May 27, and ENS maintained an upward trend thereafter. And you can see that whenever the bar drops below the wavy zone, the bulls are always able to strengthen. The TSB indicator is very suitable for ENS. At present, the bull trend of ENS is healthy.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
ENS looks bullishENS appears to have completed a large triangle and is under support and buying pressure from this triangle.
The green range is our POI and we are looking for buy/long positions in this range.
The target can be the red box.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
(ENS) ethereum name servicePrice at line, is it an indication of too high, I think so. Also, the price of ENS is kind of expensive if you ask me. I've promoted the aspect of ENS and do feel strongly about the concept as being innovative and creative still the price of Ethereum Name Service is around $160. Does the price of ENS peg to Ethereum like an NFT? I hope not and if so the price for a domain is going to get increasingly expensive. To buy ENS domains you need to pay in ETH. That's fine, that's the point of defi anyway, right. Why isn't the price of ENS something more like $100? I'm not fascinated by the aspect of yearly fees to own an ENS domain name. Why is the ENS user domain purchase not lifetime?
Alikze »» AKT | Descending channel🔍 Technical analysis: Descending channel
- It has been moving in an ascending channel in the 1W time frame.
- In the short term after the break of the descending channel, as you can see, it is moving within a descending channel.
- After breaking the long-term ascending channel and pullback, it has had a correction up to the golden zone.
- In the 8H time, if the supply zone breaks, it can grow up to 4.68, otherwise, it can retest the bottom of the channel.
⛳️ Upside targets: 4.65 - 5.08 - 5.47
⛳️ Downside targets: 2.74 - 2.35 - 1.95
💎 But in the daily and weekly time frame, according to the bullish candlestick in the golden zone, if the supply zone fails, it will have the ability to grow to the next zone and the specified goals of the ceiling of the long-term ascending channel, which I will review and update later.
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Alikze »» WLD | Continue the downward trend🔍 Technical analysis: Continue the downward trend
- The daily frame time is moving in a descending channel.
- Currently, in the PRZ area, which had a 100 -wave fiber in the previous fiber area.
- If this area is preserved, it can first grow up to the middle of the cannon and then to increase demand to the channel ceiling.
-If the area is exposed to sales pressure, it can extend the corrective structure to fibou 1.618 the previous wave.
💎 Alternative scenario: If it is able to break the line and consolidate it on top of it, the descending channel fails to continue its growth area.
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BINANCE:WLDUSDT
www.radingView.com
Ethereum Name Service #ENS leverage on ETH (if we are lucky ofc)
The network is pretty much unusable right now for regular people.
A Rich man's chain.
Either way the ENS chart presents a potential inverse head and shoulders
that has a large log target reaching back to previous high's makes sense to me.
Alikze »» SUSHI | Complementary wave C scenario🔍 Technical analysis: Complementary wave C scenario
- In the previously presented analysis, the C wave stopped at 0.78 fibo of the previous wave.
- It is currently moving in a descending channel in the 2D time frame.
- There is an FVG gap and it is now in the middle of the channel, which is also symmetrical with the 0.78 Fibo range.
- If it faces selling pressure again after filling this gap, it can touch the specified areas in the continuation of the completion of wave C.
- Therefore, according to the current downward momentum, the pullback can be a broken structure.
💎 Alternative scenario: In addition, if it can break the neckline upwards after filling the FVG gap and exit the descending channel, it can retest the supply zone.
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Alikze »» ENS | Ascending channel🔍 Technical analysis: Ascending channel
- It is moving in an ascending channel in the daily time frame.
- It is currently located in the supply area and the roof of the channel.
- If it can be placed above the supply area and break the ceiling, it can touch the targets of 37.5 - 43.75.
💎 Alternative scenario: if it faces selling pressure in the supply area and the ceiling of the channel, it can have downward targets of 25 and then the middle of the channel and the green box.
🛑 Resistance range: 28 - 31.25
🟩 Support range: 18.75 - 22
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Alikze »» FORTH | Descending channel🔍 Technical analysis: Descending channel
- The 4H frame time is moving in a descending channel.
- Currently, in a limited range, the rangeing of a corporate pattern can have a downward refinement by testing the area.
- Therefore, if it is exposed to a sales pressure after colliding with a dynamic trigger and the range of sale, it can have a 273 and green box.
💎 Alternative scenario: If it can defeat the red box and the dynamic trigger, it can test the decline channel roof.
🛑 Resistance range: 3.22 - 3.32
🟩 Support range: 2.54-2.64
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Alikze »» YGG | Pullback to broken structure🔍 Technical analysis: Pullback to broken structure
- According to the previous analysis presented in the 12H time frame, after reacting to the PRZ zones, it faced selling pressure, which finally continued to the specified zone of 0.58 correction.
- Currently, it has infiltrated the sub-region in the 12H time frame.
- Therefore, if this return continues up to the supply range and the middle of the descending channel and then faces selling pressure, the downward trend can continue up to the range of 0.39.
💎 Alternative scenario: if this reversal breaks the supply zone with strength and meets demand in the middle of the channel, the first target near that range will be 0.78, and if the zone is maintained, it can move up to the channel ceiling and the specified supply range.
🛑 Resistance range: 0.5859 - 0.6836
🟩 Support range: 0.3906
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Ethereum Name Service ENS price strong but there is a nuanceGiven the media hype surrounding the CRYPTOCAP:ETH ETF and the word #Ethereum, which is also in the name of the #ENS token, it's no surprise that #ENSUSD price has been rising so well over the past week
#ENS is an Ethereum Name Service token used to manage the protocol and influence the pricing decisions of its .eth address and price oracle.
Since the story around the #ETH ETF is not yet fully resolved, we can assume that there is still potential for growth in the ENS price, at least to $39-40.
🔽But looking at the #ENSUSDT chart, we see some rather “dangerous” shadows that may suggest that someone is selling aggressively.
Therefore, we would probably risk buying #ENSUSDT no earlier than $21.30, but for now, we are watching this asset.
ENS Analysis: Spot Purchase in a Bearish Market?🔍Let's dive into today's analysis. Today, I want to analyze the ENS coin in the weekly timeframe, which could present a suitable opportunity to add this coin to your spot portfolio.
👑 Bitcoin Analysis
📈 As usual, let's first look at Bitcoin. Bitcoin has finally lost the support at 64429, and new downward momentum has entered the market. Currently, the first obstacle for Bitcoin's decline is at 63292, but it doesn't seem likely to hold off the bearish momentum. Bitcoin will probably move towards the 60681 support.
⚠️ If it finds support at this level, we need the market to create a new structure for a long position. If you already have a position, it's advisable to secure profits. For short positions, you can open one upon breaking 63292.
⏳ In the short term, we are likely to wait for the SMA7 to reach the candles, bringing new momentum into the market. The next trigger for RSI confirmation is the 30 level. Once this level breaks, it can confirm the entry of bearish momentum, likely leading to sharp downward candles.
ENS Analysis
🌐 Now, let's move on to ENS (Ethereum Name Service). I've previously explained this project in past analyses. ENS stands for Ethereum Name Service, which assigns a domain to your wallet to make asset transfers easier, similar to how a domain makes website navigation easier compared to using an IP address.
Weekly Time Frame
📅 In the weekly timeframe, as you can see, there's a very strong bullish candle. If it can close above the 26.39 resistance, it indicates that buyers have substantial power in this coin. After starting its upward movement and reaching the 26.39 resistance, it corrected to the 0.5 Fibonacci level, forming an accumulation zone. The POC Volume Fixed Range overlaps with this zone, pushing the price back up towards the 26.39 resistance. The buying volume has increased significantly over the past weeks, and now it is ready for a substantial upward movement. The SMA7 is also supporting the price well, maintaining the momentum in this coin.
🎯 The target for this movement can be, firstly, the 1 Fibonacci extension at 44.87 and, secondly, the 1.618 level at 93.98. These targets can be easily reached if sufficient volume enters this coin. Breaking 66.25 in RSI can provide the necessary momentum for the price to move towards these levels.
🚫 If a candle closes below 20.58, the bullish scenario fails, and a new structure is needed to consider buying this coin.
ENS/BTC Analysis
🪄 Now, let's explore why I'm recommending buying this coin for spot purchases in a bearish market. This chart shows ENS/BTC, the ratio of ENS to BTC. As you can see, it is breaking the resistance at 0.0003473 and can move up to 0.0005745. The SMA25 is also supporting the price well, bringing momentum into the market. The targets for this upward movement are 0.0005745 and 0.0010319.
📝In summary, despite the overall bearish momentum in the market, ENS presents a strong opportunity for spot purchase. The technical indicators and volume trends suggest a potential upward movement. If key resistance levels are broken and the RSI supports the trend, significant gains could be achieved. However, caution is advised, and it's important to watch for key support levels to avoid potential losses.
🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.