after erd finish wave # 4 at 154 now will continue to finish target at 351 to 373 About me advice to make target from 340-351 that is sure target in sha allah
but as waves finish target at 373 but not recommended because maybe coming oversold then retrace from lower target .
disclaimer : my analysis as elliot wave with fibo retracement tools so i do all my...
This currency has grown a lot this year and I really believe that it has the strength to reach higher tops.
A new Elliot wave cycle has started and, at that moment, wave 2 of correction is still in formation if the count is correct and respects the most usual patterns, the projections are those shown in the graph.
This is not a sign or financial guidance, please...
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...
Short term outlook for ERD for August.
Long term I'm bullish on this project as a Ethereum competitor that accomplishes what ETH is trying to do in Nov.
Building off the idea that the pre-mainnet pump was wave 5 of EW theory, let's test if ERD is going through an ABC correction.
Looking for a possible retest of ~250 sats within the week, if it doesn't break...
THIS IS IMPORTANT POINT , POSITIVE SIDE MUST BE UP TREND TO 240 AS FIRST TARGET AND 340-360 AS NEXT TARGET SAME AS ANALYSE LINES CHANEL .
NEGATIVE SIDE BREAK CHANEL AND CLOSE 4H OUT SIDE CHANEL .
BE CAREFULLY AND GOOD LUCK
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 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...