Which tokens will benefit from ETH ETF listing?----ENS
The ETH ETF began trading yesterday. In addition to direct benefits for ETH, which protocols will benefit from an ETH ETF. Almost all native protocols in the Ethereum ecosystem will benefit. Today, let’s talk about ENS, one of them.
The main business of ENS is to provide name service on Ethereum. Anyone can personalize an account ID through ENS, converting it from 0x to .eth.
The main reason why we chose ENS as one of the important tokens in the post-ETF period is that its trend will be very close to that of ETH in mid-2024, and it has been stronger than many tokens in the market. Tokens including other positive sectors, Uni and Ldo, all began to fall after a short pump. ENS maintains an upward trend with fluctuation. The lows are gradually rising.
The TSB indicator gave a BUY signal on May 27, and ENS maintained an upward trend thereafter. And you can see that whenever the bar drops below the wavy zone, the bulls are always able to strengthen. The TSB indicator is very suitable for ENS. At present, the bull trend of ENS is healthy.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
The main business of ENS is to provide name service on Ethereum. Anyone can personalize an account ID through ENS, converting it from 0x to .eth.
The main reason why we chose ENS as one of the important tokens in the post-ETF period is that its trend will be very close to that of ETH in mid-2024, and it has been stronger than many tokens in the market. Tokens including other positive sectors, Uni and Ldo, all began to fall after a short pump. ENS maintains an upward trend with fluctuation. The lows are gradually rising.
The TSB indicator gave a BUY signal on May 27, and ENS maintained an upward trend thereafter. And you can see that whenever the bar drops below the wavy zone, the bulls are always able to strengthen. The TSB indicator is very suitable for ENS. At present, the bull trend of ENS is healthy.
Introduction to indicators:
Trend Sentinel Barrier (TSB) is a trend indicator, using AI algorithm to calculate the cumulative trading volume of bulls and bears, identify trend direction and opportunities, and calculate short-term average cost in combination with changes of turnover ratio in multi-period trends, so as to grasp the profit from the trend more effectively without being cheated.
KDMM (KD Momentum Matrix) is not only a momentum indicator, but also a short-term indicator. It divides the movement of the candle into long and short term trends, as well as bullish and bearish momentum. It identifies the points where the bullish and bearish momentum increases and weakens, and effectively capture profits.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
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