Technical analysis by cryptodonovan about Symbol ENS: Buy recommendation (4/30/2022)

ENS has completely decoupled from the rest of the market and is up ~45% in one day.TA helped me spot the opportunity and I called the bottoming pattern on my previous post, but the real fundamental driver here is that ENS domains are the current NFT craze - cointelegraph.com/news/4-digit-ens-domains-spike-in-demand-this-week-and-continue-soaringLast night it perfectly retested the 12hr 200SMA / 1D 50 & 100 SMA which sent it soaring 40%.I'm posting this as the price is retesting the resistance/breakout level I previously identified. If that flips to support, we can consider the possibility of further upside. If we break back down into the descending channel, consider buying around the zones/levels I've identified.If this domain NFT bubble is short lived, we may see ENS re-couple with the rest of the market soon. However, I think ENS is a great project with huge fundamental value in Web3. I have been trading my ENS airdrop tokens but will definitely be looking to re-enter that position at support. Follow me on TV and twitter (@ crypto_donovan) for more setups / updates ! happy trades,CDWell, clearly my entry points were a little ambitious for the bear market. Interesting to see how the lower level is now acting as resistance. I'm probably not buying unless that flips back to support.