ERNUSDT
♻ ERN 0.5/0.618 FIB confluenceI'm not a big fan of any Fibonacci-related tools, but I just wanted to share this, for those who like to put their trust in those retracement levels.
Measuring those two moves 0.5 & 0.618 levels are placed in the area of previous resistance which currently acts as support. If we see a good reaction from here this could indicate a local bottom for the price action.
ERNUSDT 1H: Possible LONGERNUSDT 1H: Possible LONG
There was a rebound, a rebound from the support level of 10.80 and a further rise to the level of 12.80 is possible
ERN not bothered by bitcoin movesThere's not much price history on tradingview, but ERN is moving in an ascending channel formed 23/05 - 07/07 (2021) and is currently bottoming inside of it.
Even though bitcoin pulled back yesterday, the price doesn't seem to care about this fact at all, as it's consolidating on a local support. (sign of strength)
MFI bullish divergence is visible across all standard hourly timeframes.
I'm expecting a potential move to the upside soon. (unless bitcoin dumps now)
Not posting specific entries here, because I feel like the market is getting to the point where it either pumps or dumps from here.. Let's see what happens.
I am bullish on $ERNThe price has broken ATH, if we are lucky we might be doing a 3 to 5x, if a pullback is to happen accumulate (BUY MORE) between 9.7 and 6.3 price levels.
