Right now ERD is retesting the resistance level and is about to close the day above it. If so, it will have a clear path to 300+ sats, in my opinion. Note that the mainnet is very close and the CEO announced in the AMA on Friday that new economics & products are coming along with the mainnet launch. Also, since today, the equivalent of ~$95 mil. in ERD is...
The price just broke out from a descending trend line after the release of the ONT partnership news. The 211 sats level would be the last resistance level and if we manage to surpass it this would be our last confirmation of a bullish breakout.
#ERD Going to Test 0.02164 Area Again
$ERD has just broken out of the channel. I expect a significant increase, most likely above the current ATH. Maiar also opening up to the first wave of users today. Watch closely!
$ERD Showing Sell signal on the daily chart after 104days (1171%) Take it or leave it. #ERD
Hello, traders. ERD is forming a Bearish Accumulation pattern called a Bear flag. A bear flag pattern is constructed by a descending trend or bearish trend, followed by a pause in the trend line or consolidation zone. The strong down move is also called the flagpole while the consolidation is also known as the flag. The bear flag pattern comes after a strong move...
ERD is trying to breakout of the falling wedge and if it does, it has definately has more room to grow.
ERD looks bullish to me on this chart (4H timeframe). It is ranging on this channel for quite some time now. Some movement should happen very soon. Volume is still important. Look for this small ascending triangle, if it breaks by the top we might reach the 230 area pretty soon. Don't forget to wait for the crossing on MACD + RSI consolidation for a better...
#ERD/BTC TECHNICAL CHART ANALYSIS & PRICE ACTION MOVES
Erd will drop till 165 sats after it will grow so fast till 203 sats. #erd #egld #elrond $erd $egld $elrond BINANCE:ERDBTC
BINANCE:ERDBTC
ERD/BTC -After the price printed two Lower Highs -It started breaking local support at the moment -If this candle will fail for the next 12-24 hours -There is a huge chance of potential previous resistance retest -Which is located around 183 sat range -That's still over -15% drop from the current price -I only recommend opening a Buy position once reversal signs are seen