Report first published on: September 13, ‘22
Prices are based on: BINANCE | ENSUSDT SPOT Charts
LEGEND:
Accumulation/Buy/Long:
Green Zones: Untested/Fresh High-Quality Demand Zones
Yellow Zones: Tested/Not Fresh Low-Quality Demand Zones
Fluorescent Green Zones: Untested/Fresh Immediate Term High-Quality Demand Zones
Distribution/Sell/Short:
Red Zones: Untested/Fresh High-Quality Supply Zones
Orange Zones: Tested/Not Fresh Low-Quality Supply Zones
Rose Zones: Untested/Fresh Immediate Term High-Quality Supply Zones
Ethereum Name Service | $ENS surely is in a downward trend on the monthly chart.
When we look at the monthly chart, we see more bold, longer red candlebars than green ones.
Ethereum Name Service | $ENS currently is the only alternative to the conventional DNS infrastructure.
Both of them could be described with a phone-book metaphor. They serve as a lookup service, translating human-readable names into their underlying representations - in the case of DNS and Ethereum Name Service | $ENS, computer addresses instead of telephone numbers.
Ethereum Name Service | $ENS works in a similar way to the internet's DNS system, helping users find websites via names rather than numbers.
Through Ethereum Name Service | $ENS, users can buy and manage their own domains, meaning that secure and decentralized transactions can take place without having to deal with long and complex addresses.
It is extremely devalued!
We shall be looking for opportunities to accumulate and HODL.
When we look at the daily chart, the prominent Untested/Fresh High-Quality Demand Zones to start accumulating are:
Level 01 [$11.92 - $11.18]
Level 02 [$9.70 - $9.02]
Level 03 [$8.54 - $8.10]
The second level is the highest bet among the three due to its structure and position.
However, nobody knows where the price will head. In order not to miss out on a move to the north from these levels, accumulating in layers and not allocating all of the buy orders to any single one of the three levels wholly would be the better strategy.
The allocation of buy orders could be arranged as such:
20% @ Level 01 [$11.92 - $11.18]
40% @ Level 02 [$9.70 - $9.02]
40% @ Level 03 [$8.54 - $8.10]
The allocation of orders share on levels 02 & 03 may be adjusted as $ENS travels close and ho it behaves by them.
Should $ENS not show the desire to travel south below the [$9.70 - $9.02] level along with a technically bold and rapid move away, allocation of the remaining 40% of the buy orders reserved for [$8.54 - $8.10] level could be directed to the [$9.70 - $9.02] level.
At the time of writing this report, the prominent Untested/Fresh Immediate Term High-Quality Supply Zone is at [$27.65 - $24.30] representing a minimum of nearly 2.04x from $11.92, nearly 2.51x from $9.70, and nearly 2.85x from $8.54.
Disclaimer | Refund Policy | Read Before You Make a Purchase
The content provided here is not investment advice and does not constitute an offer or solicitation to offer or recommendation of any investment product.
It is for general purposes only and does not take into account your individual needs, investment objectives, and specific financial circumstances.
Investment involves risk.
Past performance is not indicative of future performance.
Investment does not always generate positive returns or protection against market loss.
Although the content provided here has been taken from sources that are assumed to be accurate, no warranty or representation is made by Cryptovestor as to its correctness, completeness, timeliness, or accuracy.
Cryptovestor does not assume or undertake any duty to advise any person or investor and accepts no liability whatsoever for any direct, indirect, or consequential loss arising from or in connection with any use or reliance of this content or anything contained in it.
No part of the content provided here may be copied or duplicated in any form, by any means, or redistributed without the prior written consent of Cryptovestor. Cryptovestor shall have no liability for any misuse or unauthorized distribution of the content provided here.
You should do your own research and seek independent professional advice.
The digital services & products provided here, such as - but not limited to - Reports & PDF Reports are accessed & downloaded at your end and immediately become yours as you make a purchase, so Cryptovestor has a STRICT NO REFUND POLICY.
If you are not sure about making a purchase, do not buy the digital services & products provided here.