ENSUSD - Further BreakoutENS has broken out quite a bit but I suggest that this will continue
The MACD indicator shows this breakout as the bearish phase turns to the bullish
I want 50 - 100$ in my stance
ENSUSD trade ideas
Beautiful setup for a 50%+ moveENS is one of the stronger charts in the market considering the slope and order of the moving averages in relation to price. With ETH looking to breakout of a 3-year bull flag, ENS, a beta play on ETH, is in a great position for the next leg higher.
Ethereum Name Service Simplifying Web3The Ethereum Name Service (ENS) transforms complex blockchain addresses into simple, human-readable names like yourname.eth - making Web3 more accessible and user-friendly.
By bridging decentralized identity with blockchain technology, ENS is vital for wallets, decentralized apps, and digital identities.
Future Value Proposition
As the Web3 ecosystem grows, ENS is positioned to become the universal standard for decentralized naming systems, streamlining interactions across the metaverse, DeFi, and NFTs.
Technical analysis suggests signs of a trend reversal, pointing to renewed market interest and potential growth as Web3 infrastructure becomes more essential than ever.
was that it for ENS? seems like itIt hit a major resistance and the second weekly seems to have rejected from the resistance instead of going higher. Seems ENS is not just ready yet. Back towards the yellow support line. Will reassess where to later.
This is not a high confidence expected move. The weekly candle could also be considered as consolidation below resistance and go higher. Just seems a bit less likely
ENS ROADMAP (4D)It seems that ENS is in a complex structure. This structure is a diametric, and it is currently in wave C of this diametric.
Wave C appears to be a diamond-shaped diametric, and we are now in wave e of C.
Resistance levels have been marked on the chart.
A daily candle closing below the invalidation level will invalidate our bullish outlook.
After completing wave D of the larger diametric and the end of wave D's drops, it will experience significant growth.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
ENSUSD approaching the top of 1-year Channel Up. Make or break?Ethereum Name Service (ENDUSD) has been trading within a Channel Up since January 2024 and the recent post U.S. elections surge is about to hit its top (Higher Highs trend-line). This is a standard break-or-rejection strategy: As long as the 1D candles close within the Channel Up, we are expecting the 1D MA200 (orange trend-line) and 0.5 Fibonacci retracement level to get tested (23.850). In the event of a 1D candle closing above the pattern, we will have a bullish break-out targeting the All Time High at 84.860.
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ENS is gonna rip!ENS is about to take off. the 50 and 100 EMA are crossing up over the 200 and CRYPTOCAP:ETH has solid momentum. I jumped in yesterday and so far, so good.
ENS Simplified trading strategy Smart Money Trap location at $42. My RSI, MACD, VWAP, with Skew reads ready to roll the clip soon.
Stochastic RSI reads below level 22 means no entry
-DI means no entry
My blue MA is more than just a moving average, it's a heat map, It's a perfectionist when trending.
FYI: ALTS will only go BULLISH when BITCOIN is bullish. When BITCOIN FALLS, disregard this analysis. This is the RULE of THUMB.
Even if entry makes its way to level 22, make sure BITCOIN has already taken its dip.
(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?
ENS - Ascending triangle - maybe poss to pick up on pull backBullish case, if ENS pulls back to neckline of Ascending triangle you could pick this up or just buy it now to target
Good luck.
ENSUSD Major rally to $70.00 starting.Ethereum Name Service (ENSUSD) is on the 2nd straight green 1W candle, which is the 5th in the last 6 following the rebound on the 1W MA50 (blue trend-line). The long-term pattern is a Cup and Handle and the latest 1W MA50 rebound is the handle completion. The symmetry is very strong so we expect a new rally to be initiated and target at least $70.000.
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$ENS bullishNYSE:ENS bullish
It would test last resistant at $27.5 before pumping up to next target $38 and $50
Ethereum Naming Service (ENS) Breakout Rally: A Leap Toward $33Bullish Recovery: ENS price exhibits a bullish resurgence, challenging the pivotal 23.60% Fibonacci level at $23.33, suggesting a potential rally ahead.
GoDaddy Partnership Impact: The collaboration with GoDaddy and bullish Ethereum ecosystem catalysts spur optimism for a significant uptrend in ENS.
$33 Target Insight: Surpassing the $23 threshold, ENS price positions itself for an ambitious ascent to $33, buoyed by market enthusiasm and strategic partnerships.
Rapid Market Cap Growth: A staggering 145% surge in the past seven weeks catapults ENS's market cap, evidencing strong investor confidence and market momentum.
Anticipation of Ethereum Upgrades: ENS benefits from the buzz around Ethereum's "Dencun" upgrade and the potential May ETF, underlining the interconnected bullish sentiment within the ecosystem.
Volume-Backed Rally: A notable increase in trading volume accompanies ENS's price jump, underscoring the rally's robustness and investor engagement.
Technical Breakout Poised: ENS's technical posture hints at a breakout beyond the $23 mark, with indicators like the morning star pattern reinforcing bullish expectations.
RSI's Bullish Signal: The RSI's excursion above the overbought threshold underscores escalating demand and bullish market dynamics for ENS.
ENS is correcting, then will target 30sENS has been going up now for a while. Today it goes down, amidst other coins going up. It might even go down all the way to 20 or just under. Then new investors will step in. After 20, it will go up with a new first target of 30.
alert Possible major incoming volatility Trade Carefullyvolume volatility,
possible major market moves.....
stay tuned
Ethereum Name ServiceWhen this project came to the market, it caught the attention of Ethereum enthusiasts but the hype was short-lived until recently when ENS was finally recognized for its contribution to the crypto space.
The price has shot up significantly in the past two weeks. From a risk-to-reward perspective, ENS looks attractive and we have been buying for the past 7 trading days.
We'll be holding for the rest of the year and buying into panic sell-offs.
ETHEREUM NAME SERVICE HEAD AND SHOULDERS PATTERN - 14.6$ TARGET!Upon analyzing the Ethereum Name Service (ENS) vs USDT, we've discovered an amazing Head and Shoulders Pattern in the Macro Overview that would take us arround 14$ , and can be extended towards 16$ .
These targets do also match the Fibbonaci 1.618 retracement from the highs on July to the lows of October.
This pattern is breaking at the moment and Backtesting the resistance as as support of 9.5$.
This is looking insane for a short term explosion!!!
Don't miss it out.
ENS ABOUT TO DO IT????I think with global adoption and previous work done(FIRST MOVER) we will see this project take new highs. Maybe now, maybe 2025, maybe 2028 WTF knows.
Bull run incoming?
Have you created your own profile?
What do you think of ENS?
NOT FINANCIAL ADVICE!!!
ENS ETH Name Service Pump/s incoming?The world is not doing a good job.
We need real ledgers and not friends protecting each other after we find out about their Island parties.
I see the play having real world use and needs for private citizens of the world.
I'm not a digit and I never want to be their version.
We will have to do something.
What are your Ideas and thoughts of ENS???
NOT FINANCIAL ADVICE THIS CAN GO TO ZERO!!
ENS in a very bearish situation ens is making a rising wedge and how we know the end on this ones are not good and the squeeze indicator has a bearish divergence so this isn't for the price in the daily chart .
