currently Ergo is sitting at upward trend (Blue) channel support if it breaks to the down side I will be looking at the orange downward trend support. If this blue channel hold I am looking at the possible formation of Elliot Wave in the macro view, which implies wave 2 is complete and wave 3 is forming. wave 3 confirmation once price action starts trading above...
Based on technical factors there is a Long position in : 📊 ERGUSDT 🔵 Long Now 2.2651 🧯 Stop loss 1.9900 🏹 Target 1 2.6640 🏹 Target 2 3.0000 🏹 Target 3 3.6340 💸RISK : 1% We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
Ergo 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)
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
Ppl shorting the pow and theoretically supporting pow.. nonsense.. Ergo is a small cap gem pow. ABC pattern. Nfa
Short and medium term PTs for $ERG; Using fibs and traditional TA. Catalyst: $ERG hashrate to the moon!
Ergo is sitting between $5 (resistance) and $4(support) if it breaks lower possible bounce at the blue rising diagonal. NFA
I dont think this is going to happen, but if it doesn't I called it
Possible Correction. Support between 3.85 - 4.1 Will be more wise to wait for the wick confirmation.
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...
ERGOis 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...
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🤠
ERG coin buy now big up move next for more details watch
In 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...
Testing/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.
We think that ERGUSDT can growth up about 100% From 4.5 Dollars to 9 Dollars.
Points 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...