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ERD August TA 4H
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 through I'd except downward movement to retest ~140 sats levels.
DYOR etc.
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 through I'd except downward movement to retest ~140 sats levels.
DYOR etc.
Note
Broke out of 89 day moving average channel higher band.Note
looks like ERD heading towards target of ~130-140. Personally, I'm not looking for the exact timing on this bottom and have begun DCA accumulating.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.