ENS has been performing very strongly this year. The reason for its strength is that ENS has an important position and value in the entire Ethereum series. When a currency has value, it is worth investing in, because such a currency will eventually usher in a return to value.
Today, we use the Qianlong strategy to track the daily mid-line trend of ENS:
1. ENS broke through the previous high of 30 US dollars and came to around 34 US dollars. It experienced a wave of correction. During this correction, the volume of shorts has been shrinking, indicating that the power of shorts is very weak.
2. Yesterday, a huge positive line broke through the short-term downward trend line and started a new round of upward trend.
3. Yesterday's positive line engulfed the previous 13 K lines, which is a signal of bullish strength.
4. The lows are gradually raised, indicating that the support below is very strong.
From the above clues, it can be seen that ENS bulls are currently very strong, so there is a high probability that it will continue to rise in the future.
The strong will always be strong. During the bull market, strong currencies will have independent trends. The independent trend here does not mean that it will rise when the market falls. This situation does exist, but it is not common.
Strong currencies will follow the market's correction, but the amplitude of the correction will be smaller. After the market's correction, most currencies will begin to fluctuate, while strong currencies will begin to rebound, and they will rebound quickly. These are strong currencies.
Long-term investment emphasizes slowly laying out at the bottom in advance, while short-term and mid-term investment requires looking for strong currencies, which can greatly increase the probability of success.
Market analysis is mainly used to track trends and judge in advance whether the subsequent market trend is more likely to rise or fall, so as to make corresponding operations in advance, such as entering the market, continuing to hold, or leaving the market.
Market analysis cannot predict prices. Many traders who have just entered the circle often ask me how much a certain currency can rise. No one can answer such questions.
Don't think that someone who predicts prices is a master. Real masters never predict prices, but only follow trends.