ERD August TA 4H
Updated
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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