Ethereumnameservice
ENSUSDT 💎GEM💎 Parabolic Potential !Hi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
In today's analysis, another undervalued crypto with great potential that is currently trading in consolidation and looking ready for a breakout - ENSUSDT.
ENS is a Blockchain domain naming protocol built specifically for the Ethereum Blockchain. Using it allows customers to create human-friendly and readable usernames for their Ethereum-based crypto wallet, and decentralized websites and apps. A first of its kind and simply put, ENS is a decentralized, open-source and permissible naming system running on Ethereum smart contracts. This is another gem in the rough that I believe may have parabolic potential during the next bull cycle.
It is my belief that this time of the season / cycle is the best time to accumulate and look for new opportunities in the market. If you're interested in the TOP altcoins I'm watching, check out this idea 👀
Have a great weekend 🥂
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CryptoCheck
ENSUSDT 1D ENS price perspective +80% growth in the coming weeksToday we will talk about the price prospects of the ENSUSDT trading pair
Ethereum Name Service is not a company but an open-source project that calls itself “an open public utility that belongs to the company.” Essentially, it aims to become a piece of infrastructure as vital to Web3 (to whom the laurels of the prospects of the coming years are given) as DNS is to the internet.
ENS is the governance token of Ethereum Name Service and is used to govern the protocol and influence decisions on pricing its .eth addresses and the price oracle.
Taking into account the information hype surrounding the transition of ETH from PoW to PoS in mid-September , the ENS price will also directly depend on these changes.
It is predicted that the annual emission of ETH will amount to only 0.3%, and a significant decrease in supply affects the growth of the price according to the laws of economics.
By the way, here we have an actual idea for the ETHUSDT trading pair
On the other hand, we have the original, historically 1st created Ethereum Classic, to which miners are increasingly switching. Investors' attention may switch from ETH to ETC, because the hashrate has grown by 480% since the beginning of the year, and the ETCUSDT price has increased 3 times in just 2 months, and this is in the current sluggish market.
By the way, the actual idea of ETCUSD is below
Summarizing:
It is difficult to predict the ENSUSDT price, taking into account the indirect dependence on the ETHUSD price, because it is not fully known how market speculators will react to the transition from PoW to PoS
Even in general, the crypto market has not fully embraced which trend him chose
However, the information hype around the word "Ethereum", which is also in the name of the ENS token , can play the role of "a trump card" and cause rapid growth to the region of $25
And if the market trend clearly changes to growth, then the target of $40 will become even more realistic
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Ethereum Name Service (ENS) forming Cypher for upto 13% moveHi dear friends, hope you are well and welcome to the new trade setup of Ethereum Name Service (ENS) Bitcoin pair.
In the previous trade, ENS pumped well, but went very close to the target and dropped down.
Now on a 4-hr frame, ENS is about to complete a bullish Cypher pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
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 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
Ethereum Name Service Project Overview & Chart AnalysisI really like this one, I love the idea of Crypto-Domains.
"What Is Ethereum Name Service (ENS)?
Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain. ENS converts human-readable Ethereum addresses like john.eth into the machine-readable alphanumeric codes you know from wallets like Metamask. The reverse conversion -- associating metadata and machine-readable addresses with human-readable Ethereum addresses -- is also possible.
The goal of Ethereum Name Service is to make the Ethereum-based web easier to access and comprehend for humans - similar to how the Internet’s Domain Name Service makes the internet more accessible. Like DNS, ENS also uses a system of dot-separated hierarchical names called domains with domain owners fully controlling their subdomains.
Source: Coinmarketcap
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As for the analysis... It is still early but I would love to see it grow.
We have low risk (stop-loss below red dashed line) with high potential reward.
This is not financial advice.
Namaste.
ENS inverted H&S#ENS/USDT
$ENS shaped an inverted head and shoulders pattern.
🐮 price can increase more to touch the descending resistance that is the neck line of inverted H&S then head up to resistance zone between $26 and $28 to complete this pattern.
🐻 break down from ascending support will invalid this scenario.
Ethereum Name Service Update (+48% So Far... 260%+ Possible)Here we have an update for the ENSUSDT (Ethereum Name Service) daily chart.
This Altcoin pair has grown by 48% since we first shared this with plenty of room available for additional growth.
Previous chart: ENSUSDT (+48%)
As you can see from the chart above, we have 74% potential short-term and over 260% in a few weeks or more...
Patience is key.
Thanks a lot for the continued support.
Namaste.
ENS Drops 60%+ in 2022. Is There Any Hope Left?An update to the drama with Ethereum Name Service (ENS), which has been going through some tough times. This week I swapped out my ryangtanaka.eth ENS domain for ryangtanaka.org - a more traditional DNS domain for all of my #Web3 related activities. (My web hosting account is canceled, still - I'm planning on hosting all of my web activities on IPFS from now on.)
The idea of a decentralized domain system did appeal to me since I wanted to lead by example in my migration towards Web3. But after the controversies with ENS's Operations Director's (Brantly Milligan) bigoted comments surfaced last month it gave a lot of people pause about the whole project, including myself.
Looking into it further, .eth (and all other 3-letter domain names) are currently controlled by ICANN, who tends to be the gatekeeper for most DNS-related things today.) There were talks about using .eth for Ethiopia - though it's not clear right now - but either way, if you want to see .eth domains render in common browsers there's a need for the folks at ENS to strike a deal with the folks there.
discuss.ens.domains
They've been sitting on the problem for over 3 years, basically ignoring the biggest bottleneck for ENS's success, hoping that the problem will somehow resolve itself. Milligans' comment about "anything could happen" isn't exactly a plan, nor leadership, to say the least. He was removed from the non-profit company he was working for, but the DAO's move to remove him as the director of the Foundation Company failed last month. (Milligan has the highest delegate count by far and voted to keep himself, not surprisingly.)
discuss.ens.domains
So I sold all of my $ENS tokens that was airdropped to me as well, as of this week. (I know I'm not the only one.) I did turn a decent profit and I'm not going to turn down free money, but the fact that they couldn't get people to buy into the coin on its own merit should've been a red flag from the beginning, honestly.
Unstoppable Domains is having similar issues with their .crypto/.nft/.coin domains as well - this stuff isn't easy to do, despite how simple it appears to be on the surface. But they do at least have the advantage of not having tarnished their brand with unnecessary provocations so there might still be some path to success.
In a way, this is a perfect example of what Web3 ought to be - if you don't know how to play nice, you're out. The future of the internet lies in forming win-win scenarios out of the decentralized ecosystem, and those who don't know how to do that get weeded out, quickly.
Ethereum Name Service Looking Better vs TetherHere we have both pairs growing together for Ethereum Name Service.
ENSBTC and ENSUSDT (Visit the 'Related Trade Ideas' below this post...).
Today we have a break above EMA50 (magenta line on the chart) after a falling wedge pattern.
The targets are mapped on the chart.
Remember to plan ahead.
Buy & wait...
The market will take care of the rest.
Namaste.
Ethereum Name Service Looking Better vs BitcoinI mentioned this one just a few days ago and today we can prices going up.
It is looking really good and there is plenty of room for additional growth.
Check the "related trade ideas" below for the previous analysis (more details)...
Remember to plan ahead of buying...
Be patient and your desired results will come.
Namaste.
Ethereum Name Service Vs Tether AnalysisYesterday ENSUSDT closed above EMA10 on low volume... Not a strong enough signal.
We have a falling wedge pattern that is yet to fully break.
But, we have a reversal candle 24-Feb. and also a strong bullish candle 4-Mar.
Since we have a higher low currently compared to late February there are chances that this will grow.
You can find the targets and stop-loss mapped on the chart.
Namaste.
ENS entering accumulation phase? or are we going to see more lowIs ETH NAME SERVICE token entering accumulation phase or are we going to tank down to $5 since it serves no purpose other than Governance?
We can see a long term falling wedge pattern, we did see some breakout recently with some buying volumes coming in from the 26th Jan 2022
Seems like ENS is paired to the big boys (bitcoin). And since Bitcoin seems to have paired with NASDAQ, if Bitcoin doesnt move to mid 40ks in FEB 22
It will be trouble for the markets. The reason being is that as we get closer to the month of March, FED is about to announce its first Interest Rate Hike since ages.
This may have a bearish impact on the stocks which might result into a sell off in crypto markets as well.
ENS breakout from falling wedge $75ENS after 69$ has potential to move towards $75 and move towards higher levels of around $110
I was a bit early to post $110 target in my earlier charts posted on trading view.
As the token is fairly new. Most of the Airdropped token do face some selling pressure. Seems we are past that.
Now time for some action.
ENS Ethereum Name Service currently in the H of a C&H PatternENS is something that was brought to my attention recently by a CC member. When it released a few weeks ago it went from 30 to 85 in no time flat. From there we started to develop an almost textbook cup and handle pattern. We are currently in the handle and there is potential for huge breakouts (one almost happened). This is a coin I am going to watch and get into if I see the right patterns emerge but this is a great start to a new crypto.
ENS/USD to $110 (HODL)(COINBASE LISTING)YOU CAN NOW TRADE ENS ON COINBASE
Support: $42.50-$40.00/ $36.00-$34.00/ $30.00 / $20.00
Resistance: $50.00-$48.50/$58.00/$65.00/ $75.00/$86.00/$96.00/ $110.00
Ethereum Name Service, a protocol that issues non-fungible tokens (NFT) that can represent Ethereum addresses as well as web domains, launched an airdrop portal for its newly issued ENS token. Airdrops are a token distribution method that awards a portion of circulating tokens to Ethereum addresses that fulfill certain parameters, such as having purchased an NFT.
ENS NFT holders are currently eligible to claim tokens, with many users reporting allocations worth upwards of $20,000, and the project’s circulating market cap currently sits above $500 million.
Early adopters in the cryptocurrency market have once again been rewarded for their bravery and exploration after the popular Ethereum Name Service protocol, which issues nonfungible tokens that double as Ethereum addresses and web domains, distributed an airdrop for its new ENS decentralized autonomous organization (DAO) token.
The resulting airdrop translated to an instant five-figure payday for many holders and there are those who would have registered multiple ENS addresses to multiple wallets, meaning some holders are in possession of a six-figure airdrop.
It had been widely expected that an airdrop was in the works for members of the ENS community, especially because the tactic has become more common throughout 2021
The claims process for ENS tokens began at 7 pm on Monday, Nov. 8, and qualified domain holders have until May 4, 2022 to claim their allotted tokens.
The number of tokens each qualified user receives is based on a calculation that takes into account how long an address has held a domain as well as the length of the domain registration, with a cut-off of eight years.
Lower level tiers have received an average of 200 ENS tokens, while the mid-level tier has received 500 ENS and the most active participants have earned 1,000 ENS.
Claiming tokens also requires active participation from the domain holder, who has to vote on four articles of the ENS governance constitution designed to get the new decentralized autonomous organization off to a solid start.
Users must also delegate their token voting power before getting access to their tokens and Coinbase has emerged as one of the top delegates in early voting
Outcome of Previously Published Wyckoff Accumulation Pattern ENSThe yellow sections are composed of the price prediction I made on Nov, 16, 2021. I saw the beginning of a Wyckoff Accumulation pattern forming and traced out how I thought it would play out over the following week or so.
It would appear that the Wyckoff pattern prediction was a solid prediction, I however was 66% too fast in my prediction timeline.
ENS Wyckoff Accumulation Prediction UPDATE: Shifted to the RightUpdate: Shifted the prediction pattern over to the right to fit over the current dip in price. Done in order to gauge the accuracy of the movements.