What is next for ERD? Technical analysis is knowing how to react to the future price movement. In my view, we are starting a downward channel, but if we break the red line upwards, the chart will look like a bullish flag. The other scenario we have the possibility of being forming a head and shoulders o pattern at the top of the trend, we have an important level of support in the blue line, and if we break down it would be quite bearish for this asset When we have so many mixed indications like that, the right thing to do is to stay out When you in doubt, stay out.