Hello, traders. What is next for ERD? Technical analysis is knowing how to react to the future price movement. In my view, we are starting a downward channel, but if we break the red line upwards, the chart will look like a bullish flag. The other scenario we have the possibility of being forming a head and shoulders o pattern at the top of the trend, we...
Every channel is only valid until it's not.... looking like people are being sold overhead supply currently or in other words they are being sold the main network. A little sideways movement and breakout would be the preference. Remember, this asset had 30 million cap a couple of weeks ago and grew to over 200 million in a matter of a week. These people want...
ERD could be going to the downside but I still wouldn´t short it since it could pop up with a BTC break. In the other hand we could place good buy orders on the potential fall and make big profits in the future. Thoughts?
Hello, traders. I expect a correction to at least the first Fibonacci level, but the ideal would be on a 50% retracement zone. After a sharp rise, a correction is healthy, or at least we can expect a bullish accumulation pattern. But if the price is above 190, a purchase will be indicated, as it will be breaking the ATH. Push the like button and follow us on...
The candles have been increased trend since April, and now the last candle and the resistance line(0.148), the last one, crossed. Therefore, if you have a plan to buy ERD, this is the right time. However, if you may some concerns, you may follow Robo's signals.
According to Ichimoku trading system, Elrond has 4 strong bullish signals those are price is above Kijun, the crossover of Kijun and Tenkan has not happened yet so it can be said that price can retrace its patch back to Tenkan which is 0.0158 area and then it will pump again making new highs but there if it closes below Tenkan then it will test 0.015 area on which...
I am mostly positive about Elrond. There are both moon and bull signals. Besides this, Engineering Robo 2 is giving a buy 2 signal. If the candle breaks the 0.02 resistance level, I will buy it.
The price found support at the 80 stats level, which was resistance 2 times in the past. Right now it broke the descending channel to the upside and therefore confirmed a continuation pattern.
ERD is forming a parabolic curve pattern that is used to define fast-moving trend acceleration. The price just formed its 4th phase of consolidation. So, after surpassing the previous high of $0.0065$, the price is expected to move fast to the next target, which lies near the psychological price level of 1 cent.
different time different scenario. Break out the pink box on volume good entry signal. Right now i am leaning towards another touch of the trendline. Set alerts on both trendline and overhead resistance.
I am expecting an aggressive upside move after the price manages to break the 0.0066$ level. I am pretty confident that this will be a matter of when rather than if, because the resistance looks very weak right now.
- ERDBTC has a support zone between 61 and 62 sats, which lies at the confluence of both the 0.618 fib level and an ascending trend line. - We will have a price reversal confirmation after breaking the 66 sats resistance level. This will mark the breakout of the descending channel and will trigger an upward move.
revisiting this asset and setting alerts on the trendlines and previous resistance levels turned support on the breakout.... a touch of the extended triangle trend and bounce would be a strong confirmation and entry. watchlist
ERD/BTC -testing the recent top resistance at 71 sat -if ERD can break this top and retest as new support -we will likely see another upward continuation -my upside target is the fib resistance zone between 80-85 sats