ERDUSDT - has been moving great so far. Looking at the chart, the previous 2 triangles were about 17 days in length, turning resistance into support at roughly 2/3 of this timeframe.
Currently moving slightly above our support at 0.002957 USDT. Would wait a few more hours for clear confirmation. Nonetheless, with mainnet approaching, the excitement is real around the project, as the French community has gotten in on the action as well thanks to a huge YouTube crypto celebrity (you can look this up yourselves - I'd rather not mention names).
Arbitrage has also shown us that some already find value in ERD at today's high of 0.003225 USDT on Bitmax, despite the price being lower on Binance.
The project has a huge potential, however I am looking at things step by step - a slow & steady growth will be much more stable and will allow ERD to build additional support with more investors coming in.
Currently moving slightly above our support at 0.002957 USDT. Would wait a few more hours for clear confirmation. Nonetheless, with mainnet approaching, the excitement is real around the project, as the French community has gotten in on the action as well thanks to a huge YouTube crypto celebrity (you can look this up yourselves - I'd rather not mention names).
Arbitrage has also shown us that some already find value in ERD at today's high of 0.003225 USDT on Bitmax, despite the price being lower on Binance.
The project has a huge potential, however I am looking at things step by step - a slow & steady growth will be much more stable and will allow ERD to build additional support with more investors coming in.
Trade closed: target reached:
Target hit much sooner than expected. Currently looking at the next setup, as it seems it has a lot of fuel left in the tank.
Looking at the order book on the BTC pair, we have a lot of new interest coming in, while some of the sellers that didn't get their bids filled yet, seem to have stepped back for the moment and allow $ERD to ride the trend further up.
Looking at the order book on the BTC pair, we have a lot of new interest coming in, while some of the sellers that didn't get their bids filled yet, seem to have stepped back for the moment and allow $ERD to ride the trend further up.