ENS (dns Web 3.0 version) ENSUSDT analysis๐๐
โ๏ธHello Crypto community Welcome to my new introduction for another high potential project.
Ethereum Name Service(ENS) is an open, public, decentralized identity protocol that runs on the Ethereum blockchain. Users can register ETH names native to ENS or import in DNS domain names they already own, which they can use as their cross-platform web3 username and profile, one name for all of their crypto addresses, and as a decentralized website.
$ENS is also the governance token of the ENS DAO, which manages the treasury and key parameters of the ENS protocol.
sources: coinmarketcap-ens.domains
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๐๐ TECHNICAL
As you can see on the daily timeframe for ENS/USDT , It is trading about $22.57 right now.
after reaching its ATH for the second time , by forming a double top pattern it has been beated again and since November it faced by selling orders pressure that is continuing decline , we can imagine a falling wedge for it which after a valid break out it can rise again to resistance areas. but take it in mind ens is a ethereum token and directly depended to situation of ETH , and it hasn't any specific strong support level yet and maybe its fall continue till we have green market for ETH and ETH.D
๐resistance level: $ (45-49)- $(67-70)
๐pivot zone: (26 -29)$
โ๏ธsupport level: $ 22 & $16
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๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me ,give a big thumbs ๐ and drop comment ๐ฏ๐ญ
Ethereum Name Service(ENS) is an open, public, decentralized identity protocol that runs on the Ethereum blockchain. Users can register ETH names native to ENS or import in DNS domain names they already own, which they can use as their cross-platform web3 username and profile, one name for all of their crypto addresses, and as a decentralized website.
$ENS is also the governance token of the ENS DAO, which manages the treasury and key parameters of the ENS protocol.
sources: coinmarketcap-ens.domains
------------------------------------------------------------------------
๐๐ TECHNICAL
As you can see on the daily timeframe for ENS/USDT , It is trading about $22.57 right now.
after reaching its ATH for the second time , by forming a double top pattern it has been beated again and since November it faced by selling orders pressure that is continuing decline , we can imagine a falling wedge for it which after a valid break out it can rise again to resistance areas. but take it in mind ens is a ethereum token and directly depended to situation of ETH , and it hasn't any specific strong support level yet and maybe its fall continue till we have green market for ETH and ETH.D
๐resistance level: $ (45-49)- $(67-70)
๐pivot zone: (26 -29)$
โ๏ธsupport level: $ 22 & $16
--------------------------------------------------------------------------------------------------------------------
๐This analysis is my personal opinion ,not a financial advice ,so do your own research.
๐ if you're a fan of my analyses PLZ follow me ,give a big thumbs ๐ and drop comment ๐ฏ๐ญ
