ERD ANALYSIS (DOUBLE BOTTOM CONFIRMED!)
ERD ANALYSIS:
ERD has confirmed a support zone as it double bottomed near 15 sats. ERD is now on the rise hitting 20 sats. There was one small rejection off the 200MA, but given the fact that ERD is newer than most, I dont think this play a major rejection. I expect 20 sats to be broken and a push upwards toward T1 at 22 sats, T2 at 24 sats, T3 at 26 sats, and lastly T4 at 36 sats. The difficulty for ERD buyers will likely occur between T3 and T4 from the zone of 26 to 36 sats. The double top at T4 is a clear sign to exit trade completely. I will update the chart when the time comes, if ERD decides to break past this point, we can re-open for longer term profits!
Possible Entries: 20 sats
ERD has confirmed a support zone as it double bottomed near 15 sats. ERD is now on the rise hitting 20 sats. There was one small rejection off the 200MA, but given the fact that ERD is newer than most, I dont think this play a major rejection. I expect 20 sats to be broken and a push upwards toward T1 at 22 sats, T2 at 24 sats, T3 at 26 sats, and lastly T4 at 36 sats. The difficulty for ERD buyers will likely occur between T3 and T4 from the zone of 26 to 36 sats. The double top at T4 is a clear sign to exit trade completely. I will update the chart when the time comes, if ERD decides to break past this point, we can re-open for longer term profits!
Possible Entries: 20 sats
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