The ERSLD price has shown some interesting things. It helped me to analyze market phases. I have divided the market into four parts:
1. HEADACHE AND DEPRESSION - Purple rectangle represents the phase. I highly doubt that this phase will come. There are two reasons why I think so.
1.1 The purple rectangle was rejected two times by the price.
1. 2 unFederalReserve reserve is growing and developing.
But the price could still go into the purple rectangle. The reasons are:
1. 3 The Whole crypto market could go down and it will lead to ERSLD price decrease.
1. 4 If the Defi company will be hacked.
2. BOTTOM - Blue rectangle represents the phase. The price is now there. ERSLD will quickly move up from the figure if the company keeping the promise.
3. STEADY GROWTH - Green rectangle represents the phase.
4. EUPHORIA - Yellow rectangle represents the phase. The price Will go into there if the company keeping the promise. Nobody knows how big the yellow rectangle will be because the price discovery will begin.
1. HEADACHE AND DEPRESSION - Purple rectangle represents the phase. I highly doubt that this phase will come. There are two reasons why I think so.
1.1 The purple rectangle was rejected two times by the price.
1. 2 unFederalReserve reserve is growing and developing.
But the price could still go into the purple rectangle. The reasons are:
1. 3 The Whole crypto market could go down and it will lead to ERSLD price decrease.
1. 4 If the Defi company will be hacked.
2. BOTTOM - Blue rectangle represents the phase. The price is now there. ERSLD will quickly move up from the figure if the company keeping the promise.
3. STEADY GROWTH - Green rectangle represents the phase.
4. EUPHORIA - Yellow rectangle represents the phase. The price Will go into there if the company keeping the promise. Nobody knows how big the yellow rectangle will be because the price discovery will begin.