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ERGO Coin ($ERG): Rebound continuation in short term?Today we continue to follow some Altcoins, and this time we are talking about #ERGO (ERGO Coin). Technically speaking, the main trend is still bearish, but we cannot rule out a continuation of this technical rebound in near term. If Ergo Coin will be able to follow the swing shown on daily chart, the structure in play remains bullish with 2.54 direction (first target wave 5 structure), main support area around 1.91. Trade with care! 👍 ...and if you think that my analysis is useful, please..."Like, Share and Comment" ...thank you! 💖 Cheers! N.B.: Updates will follow below
Long
by TheAnonymousBanker
1
Ergo Buy Now or Cry Later- Everything is in graph. - Ergo is a good project imo. - Have to understand that Ergo could be the first smart contract project on Cardano. - Have to understand many Miners using GPU are Switching from ETH(POS now) to ERGO(POW). - " The Ergo platform aims to provide an efficient, secure, and easy way to implement financial contracts that will be useful and survivable in the long term " - DYOR. - Buy Now. - Rebuy if dip around 1.1$ (Bottom). - sell at your convenience. - Roi 3000 to 6000%. ( depends where and when you buy ) Happy Tr4Ding !
Long
by thecryer
12
Ergo POW- not everything is going down. - if u missed some projects moon shoots in 2020-21. - Don't miss that one. - Everything is in graph. The Ergo platform aims to provide an efficient, secure, and easy way to implement financial contracts that will be useful and survivable in the long term. Ergo describes itself as a self-amendable protocol that reportedly allows it to absorb new ideas and improve itself in a decentralized manner. - Ergo is based on Cardano, ADA will have his Vasil Hardfork very soon. - Dyor more there : ergoplatform.org - When u can mine ETH at 30MH/s. you can mine Ergo at 120Mh/s. - ETH will be POS soon. - GPUs Miners will have to move on. - Markets could go sideway for a while so buy Ergo as your convenience. - Follow TheKing and try to get Ergo cheaper. Happy Tr4Ding !
Long
by thecryer
1
An amazing story unfolding for ERGO as one of the best POW coinsIn comparing to BTC you can see that Ergo is holding it's ground far better at the moment. No coin is without it's history, in the case of Ergo I believe there was a pre-mine but the coin has stood strong among POW coins and is currently one of the most profitable to mine. If you have a rack of 3060ti's there is more money in pool mining ERG right now than mining ETH. In addition ERG is less heat producing, is early in it's lifecycle and could be the next top Alt going into what will promise to be a bountiful Bull run in the next 18-24 months. Overall I am neutral right now, the coin should hold steady just below $2 for some time and then enjoy a quite nice run as it becomes the next Ethereum.
by SHOOZCOIN
8
Ergo/BTC about to Break the Falling WedgeWe see a falling wedge on the ERGBTC chart that has been running since 20 October. We see that RSI has been steadily increasing making an RSI divergence. Once price breaks above the falling wedge, this will be our confirmation for entry. I would set a tight stop loss at 1016 Sat and look for an early exit at the 1474 Sat support/resistance line, anticipating a retest of the top of the falling wedge. Follow me for updates on this trade and others.
Long
by TechNerdOmar
ERG/USDT Strong bounce of support band. Can we go back to 18$? Intro: - ERGO is an Oracle that will be used for the Cardano blockchain. - ERGO worked together with Charles from Cardano and they talk highly from each other which is a good thing if you believe in ADA and it's approach. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. - In circulation we have 45million coins out of currently 100million possible. It seems unknown what is the max amount possible. It is therefore a risk factor for inflation that could lead to a price drop. Just keep that in mind. - Total market cap is currently around 500 million which seems too low. Daily chart: - Price finally found support at the last drawn support line around 8$. From there we see a strong bounce which confirms that these prices were oversold. - Volume increases but has still a lot of room to grow. - RSI analysis shows that we found support around the 30 line where below we would be officially within the oversold region. After the strong bounce it is likely to see some sort of consolidation before we move towards the 80 line. - Support lines are at 10.5$ and 8$. - Resistance lines are at 12.5 and 19$. Expectation: - We expect ERG to recover together with ADA since ADA will be the driving force. - We possibly retest the 10.5$ line which could act as support and help ERG moving higher. This could lead to another bullish rally together with the whole Cardano ecosystem. - End of the year prediction: We will see a 50$+ Ergo before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
1
Ergo Batter UpSwing Trade Setup - Long ERG/USDT 4 Hr Entry: $9.240 Stop Loss: $7.745 Potential Loss: -16.18% Target 1: $18.347 Potential Profit: +98.56% Risk/Reward Ratio - 6.09:1 Target 2: $18.980 Potential Profit: +105.41% Risk/Reward Ratio - 6.52:1 Reasons to Take the Trade: - Bullish Bat Harmonic Pattern - Bitcoin has invalidated the Wyckoff Redistribution pattern and the 0.786 macro fib retracement, threatening a bullish move to $100,000 if the daily candle closes above the 786. Such price action will be a catalyst for altcoin movement upwards. - Triple Class A Hidden Bullish Divergence on both the 4 hour RSI and the MACD. Class A Hidden Bullish Divergence on the 1 Hour timescale as well. - RR Ratio is absurd. Just absolutely absurd. Reasons Not to Take the Trade: - If Bitcoin's bullish movement proves to be in fact too much hype, it may never come back down to hit the 0.886 of the XD measurement, and thus never hit the PCZ target for our entry. - You'll lose 16.18% of your position if this does end up being the short of the decade.
Long
by HeathHimself
1
ERG/USDT Is a downtrend breakout in sight? We are Ready!Intro: - ERGO is an Oracle that will be used for the Cardano blockchain. - ERGO worked together with Charles from Cardano and they talk highly from each other which is a good thing if you believe in ADA and it's approach. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. Daily chart: - Price currently is within a downtrend and near a local support around 10.5$. - Volume decreases since the start of September where ERG was listed on Kucoin. Once we break the downtrend this could change quickly. - RSI analysis shows a "soft" downtrend breakout. We are still going down but could set a higher low. - Support lines are at 10.5$ and 8$. - Resistance lines are at 12.5 and 19$. Expectation: - We expect a further price appreciation during the next three months and a solid recovery until the end of October. Currently price depends on the ADA price token which is stagnant at this moment. - Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market. - We possibly retest the 10.5$ line which could act as support and help ERG to push through the purple line. This could lead to another bullish rally together with the whole Cardano ecosystem. - End of the year prediction: We will see a 50$+ Ergo before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
7
ERG/USDT Update: Ergo Pumps as expected and not end in sight.Intro: - ERGO breaks through 12.5$ and goes for new ATH which currently sits at 18$. - Unfortunately ERGO on tradingview does not show the full history. We include the resistance levels around 10$, 12.5$ and 17$. - ERGO worked together with Charles from Cardano and they talk highly from each other which is a good thing if you believe in ADA and it's approach. - Guys please give me some feedback to improve my charts, analysis and commentaries. Daily chart on the left hand side: - Price broke through the 12.5$ resistance line after nearly 10days of consolidation. Between 12.5 and 18$ there is mostly void which suggests some volatility. - Volume rises which is a bullish sign. 4h chart on the right hand side: - It's worth noting that due to low volume the price behaves very volatile. - Strong RSI that went into the overbought territory (>80) and bounced quickly. Not too dangerous yet. Expectation: - We expect to see new ATH's until the 12th of september? Why is that? It's the official date for cardano to launch their smart contract abilities on their chain and Ergo is connected to ADA. - Once people will realize the potential of ERGO we expect to see this coin in the top 50. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
3
ERG/USDT Start: ERGO reaches for the stars. 10x possible?Intro: - ERGO rebounds from 7.5$ and goes for new ATH. - Unfortunately ERGO on tradingview does not show the full history. We include the resistance levels around 10$, 12.5$ and 17$. But since we believe in this coin and its potential we will start covering it here. - ERGO worked together with Charles from Cardano and they talk highly from each other which is a good thing if you believe in ADA and it's approach. - Guys please give me some feedback to improve my charts, analysis and commentaries. Daily chart on the left hand side: - Price looks a bit like a short bullflag that broke out today. - Volume drop for three days with one up day today that does not say anything yet. 4h chart on the right hand side: - We see a failed bullflag that did rebound around 7.5$. - No RSI analysis yet. Expectation: - We expect a fully grown bullrun for ERGO which seems undervalued at the moment. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
8