moosed

Mainnet Launch Tomorrow, Resting on 99MA

Long
BINANCE:ERDBTC   None
Coming down from the local high $ERD is sitting right on top of the 99 day MA. Given inception of the ICO was about 130 days ago it is sitting right at the lifetime MA. Tomorrow is the launch of mainnet and ERD is sitting right up against the trendline. ERD team is also launching a product side by side ERD known as Maiar. If it can break the trendline coming down from the local high would signal a leg up. Given the hype, amazing results during the testnet and the additional product very bullish on a near term break-out. The short term, medium term and long term Moving Averages are also compressing as price has ranged leading to the possibility of strong support if it breaks-up on the MAs. If it loses the 99day MA and creates lower lows would expect a 190 retest. BTC will be partially dictating price action, but as long as BTC is ranging between $10,800 and $11,300 the impacts will be more minimal.

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