ERGO may have just reach bottomErgo may have just reach bottom on the 4hr chart according to my EW analysis. watch for a bounce and retest for entry. invalidated if it breaks FIB retrace 2.274. Wave 1 and 5 are the same length as well (Blue line)
ERGUSDT trade ideas
ERG H&S ???ERG is currently sat on key support and looks like it could print a huge H&S
a nice 80%+ if we go back to test the neckline and an extra 240%+ if the H&S plays out
Carrot
Long setupPpl shorting the pow and theoretically supporting pow.. nonsense..
Ergo is a small cap gem pow.
ABC pattern.
Nfa
$ERG - Number Go Up 🤞Short and medium term PTs for $ERG; Using fibs and traditional TA.
Catalyst: $ERG hashrate to the moon!
ERGO sitting at support would it break?Ergo is sitting between $5 (resistance) and $4(support) if it breaks lower possible bounce at the blue rising diagonal. NFA
ERGUSDT Correction?Possible Correction.
Support between 3.85 - 4.1
Will be more wise to wait for the wick confirmation.
🚀!(ERG/USDT analysis)The #1 suggestion and Ethereum POW alternative , for gpu miners , is ERGO ,with an high potential to grow ;
🔹Rank #224,/ kind : coin POW \\ Market Cap:$268,815,110\\===> good
Total Supply: 97,739,924 ///58,638,426.00 ERG 60%====> good
🔰What is Ergo (ERG)?
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.
📊Technical POV :
Since 2 months ago , by breakout of descending trend line , ERG has been rising until now , so if be able to take over current yellow (pivot) zone it will continue to rise to higher resistance zones , but otherwise may be rejected and can fall on the lower support zones as a pull back ,and then can start to rise again !
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚 if you're fan of my analyses please follow me , drop a comment 🗯 and Boost me 🚀🚀
ERGO, sweet ERGOERGOis currently trading inside two channels. The blue ascending channel is a macro daily tf. the orange is a descending channel within the blue channel. Confluence of resistance around $6.80 -$7.25 area (heavy red horizontal). if we break this level we have the "potential" to test the $10 area. The alternative to that ERGO can continue to trade in the descending channel and see new lows. as a miner I am long term bullish on ERGO as the bull trend still there on the macro view. wait for confirmation to enter any trades. not financial advice.
Ez short from 4.8 zone Stop loss = 4.9 zone
Leverge i use = 3x
Target = 2.9 to 3.5
It can be sharp fall due to market situation.
Do not use over leverge .
Check my other ideas too🤠
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.
ERG/USDTTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
The bottom looks like it's in, we recently bounced off the support line and we have a major resistance line. If we can get over it then we might see the 3rd impulse wave of this count.
ERG WatchPoints of Confluence
1. price is ranging within the downward channel
2. support found around .23 and .38 fibs .5 acting as resistance
3. potential (speculation) H&S
4. price imbalance is "filling"
I expect price to react with the thick black trend line as such:
_eventually_ break up and out of the triangle
come back down and re-test that range (the triangle as well as fib)
price will _eventually_ continue with break-out, or fail, and repeat.
H4 TF is so low for me, I'm more of a macro trend guy. DYOR.
ergIf the ERG currency hits the resistance level that it has rejected and turned into support for the pullback, it seems to me that it made a purchase, otherwise, if it does not hit the pullback, it will become stale and worth importing. Do not forget the loss limit.
ERGO buy signal and targetsERGO is looking better at this big time frame now
We have a RSI buy signal so we will keep it simple and
follow the money flow on smaller time frames until
we may get more and more bullish signals on bigger time frames
Just an idea about this coin
So many coins are now in this setup
Some will grow a lot some a little some will disappear with time..
From a TA perspective it would be easy to say this is the True market reversal
No more manipulation no more false pretenses from here.
He can only hope and stay focused !
For any coin review just leave a comment
Erg daily TFWhat an opportunity for those that like to DCA, a basic free fall from the all time high. The state of the world is definitely affecting overall markets however It's setups like these that I salivate over.
ConfirmationIn the meantime ERGO dropped to a new low. The positive side is that ERGO recovered itself as you can see with a bullish ascending triangle. We got a break-out and a retest of the triangle. This could possibly be the reverse of the trend for ERGO.
ERGO TRIANGLESadly ERGO is still in a big downtrend. We have to form a strong base. Hope to see a change in trend soon.
Ergo DCA - Max potential.I like keeping charts simple and keep the strategies simple.
DCA begins now.
Ergo and crypto looking like it will start 2022 with a bear market, which will drop btc to 30k and everyone else with it.
This was nearly a blow off top and would have happened if btc continued it bullrun.
On top of btc, This lopsided head and shoulders has dropped this and we will see if there's enough data to validate that trend line to then rebound from.
Your best bet trading is to look for things that are in movement of a current Larger scenario and utilizing that to your best ability. Trying to trade on something without that is much more of a gamble.
