ENS
ens coin - symmetrical triangle breakoutENS (Ethereum Naming Service) has been making NFT Headlines lately, something other than "PFP" (ProFile Picture) NFT's.. u own/register an ETH domain name and it can be traded as an NFT..
Recently "000.eth" sold for 300 ETH on opensea. All of this is through the ENS coin /ecosystem.
So this coin is for the ENS ecosystem, and looks like a sym triangle breakout on 4h, going long here.
Do your own research, not financial advice. This could fail due to global macroeconomic issues outside of ENS's control.
ENS DAO NFT Culture Now that ens is under $10 (not the $3 I predicted in November 2021, but close enough) it’s looking like a bright spot in the crypto market. One thing that many shitcoin crypto projects have failed to do is create value in any way.. No products, no use case, literally a ponzi. ens domains maybe building something and it’s profitable. I’ll admit it’s not much but it’s something and it’s gained a lot of traction on Twitter. They have a product (.Eth domains) they have revenue, and they have a governance token which could be used in the future to allocate the profit from .eth domain sales towards anything really.
I’m gonna start posting some of my picks for best cryptos to invest during the cryptopocalypse - here’s the first one - ens, ill start buying a little now. I don’t care if it’s the bottom, I’m ok with ens going to 0. I’ve also started accumulating .eth names as well as other domain extensions like .XYZ .NFT and more. It’s kind of fun once you get into it, and it’s a low barrier of entry. I already sold a few .Eth names for profit after just a few months of playing with them.
The Battle for Interest Rates: Tezos (XTZ) vs Ethereum (ETH2)Been writing a few long articles lately but the tl;dr of it is that now that interest rates are going up, the asset speculation market (real estate, stocks, venture capital, crypto/NFTs) is largely over and money will start to flow into financial products that provide more "reliable" returns - mainly interest rates.
Given that the banks are dragging its feet in terms of giving people interest in their savings accounts, coins that offer reliable staking rewards will probably start to gain more attention as time goes on.
I've been promoting the coin Tezos quite a bit lately since it's the coin that I feel like has the biggest long-term promise. They currently offer:
1) staking rewards (4.63% on Coinbase but higher if you stake them yourself)
2) on-chain governance (which most don't have, including Bitcoin and Ethereum)
3) people building/minting lots of things on top of it all the time, despite the dips in the market right now
You probably remember me stanning for ETH since that's how I got my first successes is crypto, but to be honest they may be in trouble longer term if they don't do their merge sooner than later - gas fees are one thing but their decision to stick to off-chain governance models (basically trusting its users to make decisions behind closed doors) has been causing major issues in some projects, especially in DAOs. (Look up Brantley and ENS for an example of what happens with coin-based voting systems.)
Whether I give up on ETH completely (I did sell off a pretty big chunk of it recently) will largely depend on how the Consensys merge goes this August and if they move towards or away from the ideals that they're advocating for all the time. They have a lot of catching up to do because #XTZ right now has all of the things they like to talk about already running.
For the average person out there, what they're going to see is banks and crypto competing against each other in something that more people can understand: interest rates. Right now crypto is winning since they have the capacity to offer people better rates than the banks are - and can definitely win if they play their cards right. NFTs are still confusing for most people but one number being higher than another number is something that almost anyone can understand. You might even argue that this is the first time crypto is competing against the banks in a very direct way.
The markets might look scary right now but once it settles down we'll start to see new patterns emerge with new ideas and products taking the scene.
Ethereum Name Service Moves Above EMA50 (vs Bitcoin)We look at the Ethereum Name Service vs Bitcoin (ENSBTC) trading pair now.
We can see a clear higher low while prices are now moving above EMA50.
Another strong signal to consider is the fact that Bitcoin broke down completely in the past few weeks while this and other pairs remain trading above support and at higher lows...
Signaling that these pairs priced in anything Bitcoin and are just getting ready to grow.
Note: If prices break and close below 0.00002700 that's our stop-loss.
Any trading above this level and we wait patiently expecting the next bullish jump.
Namaste.
Ethereum Name Service Holding Support (vs Tether)Here is a pair we like that we traded successfully in the past, ENSUSDT.
Just as we saw with Cardano (ADAUSD), the 12-May low/support holds again for ENSUSDT.
We have a higher low and there is potential for a bullish bounce.
Any trading above $7.35 and we are strongly bullish.
Moving and closing below $7.35 is the stop-loss.
Any trading below this level and we lose the bullish potential.
Right now ENSUSDT is aiming higher.
Charts are always changing and can always change.
Make sure to have a well developed plan; a great strategy...
Before you trade.
Namaste.
ENS/USDT BUYING SETUP (SWING)Buying #ENS/USDT (SWING)
$ENS rejected on resistance trendline symmetrical triangle and back to retest on demand , and in demand zone showing rejection and make a pullback. in 1H time frame closing with strong bullish enqulfing candle so potential back to try breakout the resistance
we can close if can't breakout
Buy zone : 11.75 - 11 - 10.5
Target : 12.55 - 13.8 - 15.42 - 17.29 - 18.84
Stop : 10
I called the ENS bottom, up 75% - BREAKOUT UPDATEENS has completely decoupled from the rest of the market and is up ~45% in one day.
TA helped me spot the opportunity and I called the bottoming pattern on my previous post, but the real fundamental driver here is that ENS domains are the current NFT craze - cointelegraph.com
Last night it perfectly retested the 12hr 200SMA / 1D 50 & 100 SMA which sent it soaring 40%.
I'm posting this as the price is retesting the resistance/breakout level I previously identified. If that flips to support, we can consider the possibility of further upside.
If we break back down into the descending channel, consider buying around the zones/levels I've identified.
If this domain NFT bubble is short lived, we may see ENS re-couple with the rest of the market soon. However, I think ENS is a great project with huge fundamental value in Web3. I have been trading my $ENS airdrop tokens but will definitely be looking to re-enter that position at support.
Follow me on TV and twitter (@ crypto_donovan) for more setups / updates !
happy trades,
CD
$ENS/USDT 3h (#BinanceFutures) Falling broadening wedge breakoutEthereumNameService just regained 100EMA support and looks good for short-term recovery, probably after a last dip!
Current Price= 12.964
Buy Entry= 12.702 - 11.530
Take Profit= 15.409 | 18.184 | 20.961
Stop Loss= 9.472
Risk/Reward= 1:1.25 | 1:2.3 | 1:3.35
Expected Profit= +27.18% | +50.08% | +73.00%
Possible Loss= -21.82%
Fib. Retracement= 0.559 | 0.702 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
Tags: #ENS #ENSUSDT #DNS #Domain #Web3 #DAO #Governance #NFT #DeFi #SolEco
Websites: ens.domains ens.mirror.xyz
Contracts:
#ERC20 0xC18360217D8F7Ab5e7c516566761Ea12Ce7F9D72
#SPL CLQsDGoGibdNPnVCFp8BAsN2unvyvb41Jd5USYwAnzAg
Be patient with ENS 50%+ is coming soonWhy? PA looks bullish, one of the strongest coins at the moment. Whales are also interested in this coin. I will play spot and 3x long with smaller position. Dont forget to dollar cost average ENS here to maximize profits... 35 usd should hit in next weeks.
MANAGE YOUR RISK PROPERLY
NOT FINANCIAL ADVICE
Luna - There is more high chance that ICX will double then Luna!The most waiting for the best times for Luna - and I can understand that since luna had a huge crash.
but if we go to technical analysis there is more chance that (ICX) icon will double 100%, than luna will do.
And yes i can also understand that some hope not only a double but more X times increase - first of all, we should understand the market cap well - and doing on the counting on it, this will bring us to think more logically. one of the best coins has at this moment between 5-10B coinmarketcap. even with this supply, Luna still has low change, there should come really huge change, like burning, and more.
In my view, I say ICX has more change to go 100% increase coming time than Luna, and let me know if you agree!
Time will learn, there is noting 100% garanty.
JasmyCoin Better chances then luna The known Japanese coin Jasmycoin, also known from the story that this coin can take Japanese users over to use it, but then it's another story.
Today we want to share this coin as it has possibilities for new levels.
Jasmy coin could show great results in the long term and for this reason, it's interesting to follow.
What can be the next targets?
0,02 and 0,03 are interesting targets to follow, and if this coin becomes the main coin in Japan, know that we can get over 0,30+
There is no guarantee in markets, it's more about more chance and interest.
THE 6x long term coin : ENSThe coin is now into a breakdown trend - this coin could change coming time in better range, and can even hit the 60 USD in the long term.
It's a long-term project with a solid goal.
There is no guarantee in the markets - but if we read the goal of this project, it has an option that it can become in the long term a hype.
The . ETH domainnames register is ENS.
ENS even with this breakdown trend will stay a very important coin for the long term.
UNTIL NOW - TRX AND ENS ARE THE KEY COINSWe have seen a bear trend on more coins - TRX and ENS are still in their important zones,
and as did add in the previous update - These 2 coins show a breakout show for the long term.
ENS - known from the ETH domain names register - where users are able to use a wallet with short numbers as the main wallet in place of long characters.
TRX on the technical side seems to wait for a new breakout.
We all as traders know how the markets can affect, there is no guarantee in markets, its always good to follow the last trends so at last, you will have an idea.
So coming times it's interesting to see how this will play out - as technical is good.
TRX AND ENS - THE COINS WITH THE HIGH CHANCE - TRADING TIMETRX And ENS depending on trading study movement - shows it has a high chance for a long-term hype trend - for more reasons.
The technical side
The updated side
TRX shows a strong technical view for the coming time - of course, is this not a guarantee, but its an option to follow the trend.
About ENS - the new hype trend looks to have a start. the ENS domains that get now registered on the open sea could bring a higher effect.
Let's shine the light on these 2 coins by this update tradingview - and this is not for no reason - it's because these coins have what to show.
it's a long-term update - markets change all time - buts it's a technical follow.
Do you also expect the same? then write for yourself why you base that, because that would be a great point for next breakouts - if this playout is right, it means your study or tools did work for this time.
And as always - markets change on their way sometimes up and down - that's why a plan is a must.