The last support for ERDBTC was sitting at 15 satoshis and was broken on the 13th of March.
A new low was hit at 13 but the charts for ERDBTC remain super bullish, why is that?
When a strong support is broken you expect to see big volume bars, yet, the trading volume here is really low. The MACD is also printing bullish divergence.
So this support is taken out...
ERDBTC (Elrond) continues to print solid/bullish consolidation while it prepares for the next move.
We can see a higher low and not much action.
In a bullish cycle, the tendency is always up... So when the consolidation phase is over, we are likely to see some growth.
Find our FULL ERDBTC TRADE BELOW:
1-2 Elrond Falling Wedge, Trade Signal (ERDBTC |...
- ERDBTC Has Been Breaking out the Falling Wedge in Daily TF..
- Printing Bullish RSI & MACD Divergence As Well in Daily Chart..
- Volume is Increasing Incredibly From Last 3 Days..(I Think Whales Are Accumulating Slowly)
- 20 sats is the First Major Resistance (If it Break it then Sky is Clear..)
Buy More Around 17-18 Sats
#ERD/BTC Chart on Request:
#ERD now struggle to break 30MA Resistance.
current Price of ERD/BTC is 19 Satoshi
If break upward then boom and flying like sky rocket.
already Breakout upward.
support: 15-17 Sat (I will buy more)
Resistance :26/33/55 Sat.
also keep an mind if breakdown 15-17 Satoshi Support and close candle bellow support then I will exit.
ERD has confirmed a support zone as it double bottomed near 15 sats. ERD is now on the rise hitting 20 sats. There was one small rejection off the 200MA, but given the fact that ERD is newer than most, I dont think this play a major rejection. I expect 20 sats to be broken and a push upwards toward T1 at 22 sats, T2 at 24 sats, T3 at 26 sats, and...
Please allow me to share a trade signal for Elrond (ERDBTC), this one just printed a perfect falling wedge and is now trading around support...
If #1 scenario repeats, we are looking at the least at 170%+ potential profits...
Below you can find the full trade numbers
PAIR: Elrond | ERDBTC
NEXT SUPPORT: 15
After a false breakdown of the channel, the price fell back to the accumulation channel in increments of + 88%. Now the price is at the bottom of the channel.
To begin with, we are trading the channel’s potential, which is + 60-80%.
Zones of purchase / sale I depicted on the chart.
Also showed a temporary cyclic movement.
ENTRANCE and TARGET
1) Entrance at the...
Currently coming out of oversold on Daily TF, additionally it had formed a bullish shark pattern, buy between the 2 green lines, I won't be using a SL as I typically do not when something is oversold on Daily.
THIS IS NOT FINANCIAL ADVICE, DO YOUR OWN RESEARCH!
Currently hanging at strong support ( 21 sat ), 4,6,8,10 rsi oversold.
Stoploss 6h candle close below 20
The project has solid fundamentals and is started the pre-staking phase with the focus on full Mainnet q1 2020.
Good luck stay safe!
We've been active with Erlond (ERDBTC) since late October 2019 and our trade generated over 118% of profits already...
We buy low, to sell high.
We focused on bottomed out altcoins/pairs.
This setup is already on the move but we can still figure out with a high degree of accuracy where prices are going next.
For ERDBTC, it is all about the trendlines right...
NIce area to buy around this golden ratio,respecting the trendline.
Forming a rising wedge on the daily,which could still give us good profits.
If btc remains stable,It will surely move.
Mainnet launch upcoming as well.
35 sat resistance tested for the third time and rejected after breaking it for a short moment, looks like a retest of the 26 strong support level that has been established in the last couple weeks.
Entry around 26-28 is a good risk-reward point ( short term ), ( Main net launch is at the end of this month ).
Long term i am very positive about this project,...
This time I will analyze this hyped coin, whose foundations are strong and the team is active to solve the scalability problem that blockchain is facing.
I left this weekly chart is clean and simple, only showing some important support and resistance lines.
The trend is clearly to the upside, stage 1 'accumulation' has ended when ERD broke the 25...