#ENS POSSIBLE SWING OR ANOTHER PRICE ACTION WILL BE TAKEN?
If you're looking for an in-depth analysis of ENS, then, you're in the right place.
Here's why.
ENS has been moving within its monthly range since the markup from January of this year. This became a favorable market setup for intraday, swing and position traders. For intraday traders, they were able to secure profits in every daily market open and close that were easy to read. Swing traders were able to confidently wait the completion of every market swings that took place. Position traders were able to continue initiating more buys and doing some partial selloffs as the market is still on its markup phase. Now, many traders are speculating as to the next possible action that ENS may take.
As for us, we're looking at it in this way.
ENS is still on its markup phase and it has already established a good foundation above the recently broken major resistances from the year 2022 to 2023. This means, once greater intensity of buying pressure surfaces. We can safely assume that the price will continue to do another markup.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
