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ENS / TetherUS

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ENSUSDT trade ideas

ENSUSD LONGPossible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume making stops and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of potential trend continuations. Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX rebounding towards the EMA . The MACD lines would be giving a possible buy signal soon. I think you could go looking for the previous high price zone when you see indications of a bounce move higher on the 4-hour chart. In 1 hour timeframes we see that it has broken the bearish structure, forming higher lows than the previous ones. If you are going to take my opinion into account, please respect the projection time, this is extremely important. If it is not fulfilled in the foreseen time and makes a range, it will be better to close the operation in case it is possible.
Long
by alcaedad
3
ENS 1hr & 4hr Ethereum Name Service is a volatile mover when it moves. It's always a sick move when ENS goes but check out the two charts here. Check out some of the %s of recent moves. 1 HR: The way the 1hr chart has the curve to it is bearish. RSI and MACD are showing bearish signs as well. ( If reds over blue, you have no clue). 4 HR: It looks like a bull flag and looks healthy. But, damn... look at that DBSI score on the 4hr. It seems like a lot of bearish pressure is forming. This is why we need to zoom out; I would short that 1hr chart, but the 4hr is questionable. I think we will have more answers next time ENS reaches $20.
by Perfect_Money
3