$ERA 24-hour low, current price 0.0706, previous low 0.07087.
After a new low, there are three common patterns:
① Bounces back to the previous low, then falls again: weakness continues
② Chops around the previous low: turnover as the market looks for direction
③ Quickly recovers the previous low and holds above it: false breakdown
For now, it’s still below the previous low. Watch to see whether it follows ① or ②.
#ERA
After a new low, there are three common patterns:
① Bounces back to the previous low, then falls again: weakness continues
② Chops around the previous low: turnover as the market looks for direction
③ Quickly recovers the previous low and holds above it: false breakdown
For now, it’s still below the previous low. Watch to see whether it follows ① or ②.
#ERA