ERD Needs to break 34 sats to break out of cup and handle

9 ธ.ค. 2019

Hello everyone,

This time I will analyze this hyped coin, whose foundations are strong and the team is active to solve the scalability problem that blockchain is facing.
I left this weekly chart is clean and simple, only showing some important support and resistance lines.
The trend is clearly to the upside, stage 1 'accumulation' has ended when ERD broke the 25 sats. Stage 2 'demand and greed' is happening right now. I see a beautifully rounded bottom and possibly a cup and handle pattern forming. This pattern is not broken to the upside yet tho! The 34 sats resistance must be broken first. Then stage 3 'Distribution/anxiety/FOMO' will start.
I will also take a look at the lower timeframes soon
Trade safe!

Greetings,
Corné

PS leave a like if you enjoyed this post, and maybe check out my other ideas

9 ธ.ค. 2019

บันทึก

The daily ERD/USDT also looks bullish. Let's see if the 0.0036 USDT target is hit quickly.