ERD (ELROND) is ready for another ride!
After breakout and confirmation, we can see ERD gain over 30%.
Now we are nearing the end of the pennant and imo there can be two scenarios and we can profit from both. If we buy at CMP and the market goes in our favor then so be it, but if it retraces we can DCA more and get a good average price and then go up from...
ERD is ranging between two trend line T1 as resistance and T2 as support.
Resistance has been tested twice at T1 and also support has been tested twice on T2.
ERD Needs to test the daily levels at 187 and have to break for a bull run. Other it is going to retrace back to 161 which is a daily support.
ERD is making RISING WEDGE PATTERN
If we see at the volume, it...
ERDBTC - BULLISH!!!
ENTRY: 77-83 sat
TARGET: 89, 100+ sats
STOP: 75 sat
Little price history on BInance, I could expect this coin to go to places we don't expect
