ERNUSDT Trading Analysis Medium to Long term View

This analysis examines ERNUSDT (Ethernity Chain/USDT) based on its price break of important bearish structure, pullback towards a major demand zone, and potential accumulation area. We will also identify key resistance and supply zones that traders should monitor closely.

Recently, ERNUSDT broke through an important bearish trendline, indicating a potential change in market sentiment. This price action expected to signify a reversal of the downtrend and the start of a new bullish trend.

Currently, the pullback towards the significant demand zone is done with a bounce. This area, which acted as strong support in the past, could provide a good opportunity for accumulation as buyers are likely to step in and defend this level.

Moreover, as ERNUSDT continues its upward trajectory, it may encounter resistance near the $3.2 level. This zone has previously acted as both support and resistance, making it a critical price point to watch. A successful break above this level with substantial volume could pave the way for further gains towards the next significant level to watch is the crucial supply zone.

Trade closed: target reached:

Great setup already pulled out +140% profit from the given entry zone.

Always secure your profit.

If daily manage to close above the resistance zone, the coin will continue to rise.

Comment:

415% profit made on this setup already, price approaching final target area.