ETHEREUM NAME SERVICE $ENS # - BLUEPRINT

I told you that the new technical analysis you will be getting is going to be top notch with a touch of SUPPLY & DEMAND, SMART MONEY CONTRACT, ICT (inner cycle trading), CLASSICAL analysis and of course ELLIOTT WAVE THEORY so it can go round to fit literally everybody's style.

My first detailed analysis is $ENSUSDT (Ethereum Name Service).

Let us start with the first phase where we see a BOS (break of structure), price created a HIGHER LOW since June, 2023. in the beginning of the second phase creating a bearish BOS then price action returned to grab the BSL (buy side liquidity) which marks the end of the second phase.

For the third phase, an important question is why should we be going lower for the SSL (sell side liquidity), and not BSL to create a new ATH (all time high)? Well, looking at the major indicator RSI (relative strength index) there is exhaustion creating a STRONG BEARISH HIDDEN DIVERGENCE. The second confluence is still on the RSI but this time looking at the RSI from the beginning of this year Jan 4, till March 5, there is a STRONG BEARISH DIVERGENCE and from 24th of May to July (All Time High) another STRONG BEARISH DIVERGENCE is created and finally the overall STRONG BEARISH DIVERGENCE to top it up all is created from Jan 4th up till this moment making it the third time the RSI is screaming a bearish reversal as it keeps printing a LOWER LOW since the beginning of this year (2024).

The third confluence is the CHoCH (change of character) where price creates a new swing low which sends price into the daily FVG (fair value gap) at the GOLDEN FIBONACCI ZONE 50%, setting the Stop Loss at the 618% (24.20. First ($13.02) and Second ($8.27) Take Profit too.

The fourth confluence is the third phase looking like an IMPULSE. Like we are in some kind of wave 5 of wave 3.

Do not take any chart I post likely as you will and should be learning from it to up your game too. I will be dropping a very detailed chart but filled with educational content. This is just the beginning.