📊 Analysis of cryptocurrency #ENS (Ethereum Name Service) based on chart
Current price: $26,488
📈 Price movement forecast:
Short-term forecast: Price movement is expected in the range of $25.00 - $30.00. In the coming days, consolidation around the current level with the possibility of a breakout upward is possible.
📈 Price movement forecast:
🔍 Support and resistance levels:
Support:
$25.00
$22.00
$19.00
Resistance:
$29.82
$34.33
$37.30
🟢 Possible entry, exit, stop loss points for a long position:
Entry point: $26.00 (if trend reversal is confirmed and rebounds from support level)
Exit Point: $30.00
Stop Loss: $24.00
🔴 Possible entry, exit, stop loss points for short positions:
Entry point: $29.82 (if there is no breakout of the resistance level)
Current price: $26,488
Stop Loss: $31.00
Conclusion:
Medium-term forecast: Over the next few weeks, the price may reach the levels of $34.00 - $37.00, subject to favorable market sentiment and the absence of negative news.
Short scenario: Possible if there is an unsuccessful attempt to break through the $29.82 level, which could lead to a decline to $25.00.
📊 Indicator:
Short-term forecast: Price movement is expected in the range of $25.00 - $30.00. In the coming days, consolidation around the current level with the possibility of a breakout upward is possible.
Parabolic SAR: SAR dots are below the price, indicating an uptrend.
EMA: 50 EMA and 200 EMA confirm the uptrend.
RSI: The indicator is in the neutral zone, indicating the possibility of movement in any direction.
Trading volume: Increasing, supporting the current uptrend.
Conclusion:
The long scenario looks more likely given the uptrend and confirmation by indicators. You should carefully monitor support and resistance levels and take into account possible changes in volumes and indicators. 🚀
📊 Analysis of cryptocurrency (Ethereum Name Service) based on chart
