ETHEREUM NAME SERVICE - ENS/USD

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Type:	Cryptocurrencies
Ticker:	ENSUSD
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ETHEREUM NAME SERVICE - ENS/USD - Daily - Technical analysis published on 04/02/2023 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Bearish

Technical indicators

44%

11%

44%

My opinion

Bearish under 14.76 USD

My targets

12.15 USD (-9.93%)

10.71 USD (-20.61%)

My analysis

All elements being rather bearish, it would be possible for traders to trade only short positions (for sale) on ETHEREUM NAME SERVICE - ENS/USD as long as the price remains well below 14.76 USD. The next bearish objective for sellers is set at 12.15 USD. A bearish break of this support would revive the bearish momentum. Sellers could then target the next support located at 10.71 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bearish, basic trend. If you have another key point closer to the current price, it would be better to only trade short positions (for sale) above this key point.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

2.9

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Henry07. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The ETHEREUM NAME SERVICE - ENS/USD rating is 13.49 USD. The price is lower by -0.74% since the last closing and was between 13.47 USD and 13.67 USD. This implies that the price is at +0.15% from its lowest and at -1.32% from its highest.

13.47

13.67

13.49

Here is a more detailed summary of the historical variations registered by ETHEREUM NAME SERVICE - ENS/USD:

Technical

Technical analysis of ETHEREUM NAME SERVICE - ENS/USD in Daily shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. This bearish trend is slowing down slightly given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Resistance of triangle is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	10.71	12.15	13.43	13.49	14.76	17.66	19.82
Change (%)	-20.61%	-9.93%	-0.44%	-	+9.41%	+30.91%	+46.92%
Change	-2.78	-1.34	-0.06	-	+1.27	+4.17	+6.33
Level	Intermediate	Minor	Intermediate	-	Intermediate	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	13.07	13.18	13.39	13.50	13.71	13.82	14.03
Camarilla	13.50	13.53	13.56	13.59	13.62	13.65	13.68
Woodie	13.11	13.21	13.43	13.53	13.75	13.85	14.07
Fibonacci	13.18	13.31	13.38	13.50	13.63	13.70	13.82

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	11.14	11.72	12.65	13.23	14.16	14.74	15.67
Camarilla	13.18	13.31	13.45	13.59	13.73	13.87	14.01
Woodie	11.33	11.81	12.84	13.32	14.35	14.83	15.86
Fibonacci	11.72	12.29	12.65	13.23	13.80	14.16	14.74

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.54	9.02	11.26	13.74	15.98	18.46	20.70
Camarilla	12.19	12.63	13.06	13.49	13.92	14.36	14.79
Woodie	6.41	8.96	11.13	13.68	15.85	18.40	20.57
Fibonacci	9.02	10.83	11.94	13.74	15.55	16.66	18.46

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	48.74
MACD (12,26,9):	-0.1900
Directional Movement:	-4.32
AROON (14):	-57.14
DEMA (21):	13.29
Parabolic SAR (0,02-0,02-0,2):	14.45
Elder Ray (13):	0.09
Super Trend (3,10):	15.28
Zig ZAG (10):	13.53
VORTEX (21):	1.0700
Stochastique (14,3,5):	47.36
TEMA (21):	13.32
Williams %R (14):	-50.60
Chande Momentum Oscillator (20):	-0.72
Repulse (5,40,3):	1.6400
ROCnROLL:	-1
TRIX (15,9):	-0.2700
Courbe Coppock:	6.96

MA7:	13.32
MA20:	13.61
MA50:	14.19
MA100:	13.67
MAexp7:	13.45
MAexp20:	13.57
MAexp50:	13.88
MAexp100:	13.95
Price / MA7:	+1.28%
Price / MA20:	-0.88%
Price / MA50:	-4.93%
Price / MA100:	-1.32%
Price / MAexp7:	+0.30%
Price / MAexp20:	-0.59%
Price / MAexp50:	-2.81%
Price / MAexp100:	-3.30%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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