📢 TRADING SIGNAL: $ERA / $USDT
🟢 Direction: LONG
📊 Confidence: 77.0%
📉 Technical analysis:
The technical structure indicates a Triple Bottom pattern confirmed by a significant volume increase of 3.6X, which supports the current buying pressure. The indicators show an RSI at 69.76 and a bullish MACD crossover at 0.0002, while the price is trading above the Bollinger Bands and the EMA20 and EMA50 moving averages. Despite the bearish trend on the 4-hour timeframe, the volume breakout and the immediate support at 0.0677 favor an upward move toward the resistance at 0.068967.
🎯 Trading levels:
🟢 Entry: 0.0677
🛑 Stop Loss: 0.06605
🏁 TP1: 0.0699
🏁 TP2: 0.07045
🏁 TP3: 0.07155
⚖️ Risk/Reward ratio: 1:1.33
⏱️ Timeframe: 1H
📐 Confluence: 3/5
The key level to watch is support at 0.0677, where the entry should be executed as long as the volume remains stable, considering that the main risk is the bearish pressure coming from the higher trend on the 4-hour chart.
#crypto #ERA #trading
🟢 Direction: LONG
📊 Confidence: 77.0%
📉 Technical analysis:
The technical structure indicates a Triple Bottom pattern confirmed by a significant volume increase of 3.6X, which supports the current buying pressure. The indicators show an RSI at 69.76 and a bullish MACD crossover at 0.0002, while the price is trading above the Bollinger Bands and the EMA20 and EMA50 moving averages. Despite the bearish trend on the 4-hour timeframe, the volume breakout and the immediate support at 0.0677 favor an upward move toward the resistance at 0.068967.
🎯 Trading levels:
🟢 Entry: 0.0677
🛑 Stop Loss: 0.06605
🏁 TP1: 0.0699
🏁 TP2: 0.07045
🏁 TP3: 0.07155
⚖️ Risk/Reward ratio: 1:1.33
⏱️ Timeframe: 1H
📐 Confluence: 3/5
The key level to watch is support at 0.0677, where the entry should be executed as long as the volume remains stable, considering that the main risk is the bearish pressure coming from the higher trend on the 4-hour chart.
#crypto #ERA #trading