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ERNUSDT trade ideas

#ERN/USDT#ERN The price is moving in a bearish channel pattern on the 24-hour frame and adheres to it well and was broken to the upside The price rebounded well from the lower border of the channel at the green support level of 3.75 We have a tendency to stabilize above the Moving Average 100 We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher Entry price is 5.00 First goal 6.12 The second goal is 6.90 The third goal is 7.90
Long
by CryptoAnalystSignal
ERNUSDT Trading Analysis Medium to Long term ViewThis analysis examines ERNUSDT (Ethernity Chain/USDT) based on its price break of important bearish structure, pullback towards a major demand zone, and potential accumulation area. We will also identify key resistance and supply zones that traders should monitor closely. Recently, ERNUSDT broke through an important bearish trendline, indicating a potential change in market sentiment. This price action expected to signify a reversal of the downtrend and the start of a new bullish trend. Currently, the pullback towards the significant demand zone is done with a bounce. This area, which acted as strong support in the past, could provide a good opportunity for accumulation as buyers are likely to step in and defend this level. Moreover, as ERNUSDT continues its upward trajectory, it may encounter resistance near the $3.2 level. This zone has previously acted as both support and resistance, making it a critical price point to watch. A successful break above this level with substantial volume could pave the way for further gains towards the next significant level to watch is the crucial supply zone.
Long
by weslad
10
#ERN/USDT - Long - Potential 29.36%Strategy: Long Exchange: BINANCE Account: Spot Entry mode: Market order in range Invest: 5% Exit: • Target 2 : 2.818 28.44% • Target 1 : 2.333 6.34% Entry: 2.194 ⌁ 2.194 • Current market price: 2.194 • Stop: 1.867 (-14.9%) •Technical indicators: • ⎿ 24h Volume: 10088306.48 • ⎿ Satoshis: 2.194 • ⎿ Analysis: TradingView Quick pump creating a fair value gap and trendline break. Solid support and a lack of overhead resistance gives a nice chance for a quick long.
Long
by CryptoNicho