$ENS USDT
UPDATE
#ENS/USDT is getting a good bounce from this support level, the first higher high is printed and it looks like that a higher low is also defined, which according to Dow theory is a classic sign of a bullish rally.
The Major Point of Interest (POI) identified on the chart stands out as a crucial buyback zone, highlighting an area where significant accumulation could occur.
The supply area becomes a primary medium-term target once the breakout materializes. This zone typically transitions into a crucial support level following a breakout.
ENS has been holding firm since the breakout of the wedge and we believe the move activated a bullish wave cycle.
The support area in green at a price of 19.34 after the price touched it and rebounded from it to resistance level.
Ethereum Name Service (ENS)
Current Price : $ 22.66
Fear & Greed Index : 74 (Greed)
Sentiment : Bullish
Volatility : 17.73%
Green Days :14/30 (47%)
50-Day SMA : $ 18.86
200-Day SMA : $ 17.09
14-Day RSI : 50.51
ATH : $ 83.40 (-73%)
ATL : $ 6.69
Platform : $ETH
Market Cap : $ 710.42M
Entry price is 20.51 - 21.97
Target price is 29.55 - 44.55 for long term HOLD
Stop loss price is 18.51
Don’t forget to set stop loss, Always follow your trading plan regarding entry, risk management, and trade management.
Disclaimer: Any content in this text does not constitute investment advice. This text provides an objective description of the market situation and should not be considered an offer to sell or a solicitation to buy.
DYOR
NOT FINANCIAL ADVICE
