AS you see I think it wants to go like the previous chart !
It just a possibility and don't trade with this chart .
If you want to buy see my previous analysis and decide to trade ( buy it around 0.45 and 0.40 and wait for 1$ put your stop loss at below 0.4 or the other stop loss that I determined in the previous post ideas )
Privacy coins are going through a make or break year in terms of regulatory terms
Making strong progress in terms of Mainnet, Wallet development and introduction of Atomic Swaps
Venture Capitalist Backed Funding (Sell Pressure at highs)
FIb Retracement shows we can expect further upward movement and then some downward pressure
We can use the...
The price working in a descending triangle .I expect to have a false breakout of this triangle to reach it's destination at the pre- specified green area (especially if it touches the red vibrational trend) then it goes up
safe entry after the up-break of the red area.
take profit in green
stop loss daily close below the green area
ERD is a coin with strong fundamentals, regular anouncements and low market cap. It also had a large pullback from ICO launch. It is listed on binance and other listings are coming in. At this price it is strongly underpriced. Buying at this price will also give you a nice ratio of 3%/pip, meaning a little move can provide reasonable profits.