I called the ENS bottom, up 75% - BREAKOUT UPDATE
ENS has completely decoupled from the rest of the market and is up ~45% in one day.
TA helped me spot the opportunity and I called the bottoming pattern on my previous post, but the real fundamental driver here is that ENS domains are the current NFT craze - cointelegraph.com/ne...and-continue-soaring
Last night it perfectly retested the 12hr 200SMA / 1D 50 & 100 SMA which sent it soaring 40%.
I'm posting this as the price is retesting the resistance/breakout level I previously identified. If that flips to support, we can consider the possibility of further upside.
If we break back down into the descending channel, consider buying around the zones/levels I've identified.
If this domain NFT bubble is short lived, we may see ENS re-couple with the rest of the market soon. However, I think ENS is a great project with huge fundamental value in Web3. I have been trading my $ENS airdrop tokens but will definitely be looking to re-enter that position at support.
Follow me on TV and twitter (@ crypto_donovan) for more setups / updates !
happy trades,
CD
TA helped me spot the opportunity and I called the bottoming pattern on my previous post, but the real fundamental driver here is that ENS domains are the current NFT craze - cointelegraph.com/ne...and-continue-soaring
Last night it perfectly retested the 12hr 200SMA / 1D 50 & 100 SMA which sent it soaring 40%.
I'm posting this as the price is retesting the resistance/breakout level I previously identified. If that flips to support, we can consider the possibility of further upside.
If we break back down into the descending channel, consider buying around the zones/levels I've identified.
If this domain NFT bubble is short lived, we may see ENS re-couple with the rest of the market soon. However, I think ENS is a great project with huge fundamental value in Web3. I have been trading my $ENS airdrop tokens but will definitely be looking to re-enter that position at support.
Follow me on TV and twitter (@ crypto_donovan) for more setups / updates !
happy trades,
CD
Interesting to see how the lower level is now acting as resistance. I'm probably not buying unless that flips back to support.