Long
ERD is about to go higher from here
Updated
- ERDBTC has a support zone between 61 and 62 sats, which lies at the confluence of both the 0.618 fib level and an ascending trend line.
- We will have a price reversal confirmation after breaking the 66 sats resistance level. This will mark the breakout of the descending channel and will trigger an upward move.
- We will have a price reversal confirmation after breaking the 66 sats resistance level. This will mark the breakout of the descending channel and will trigger an upward move.
Note
From a fundamental point of view, the market is also bullish right now because of the announcement that is expected to be made tomorrow. The mainnet launch date will be revealed on the 4th of July.Trade closed: target reached
Note
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