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ERGO

ERG/USDT Update: Ergo Pumps as expected and not end in sight.Intro: - ERGO breaks through 12.5$ and goes for new ATH which currently sits at 18$. - Unfortunately ERGO on tradingview does not show the full history. We include the resistance levels around 10$, 12.5$ and 17$. - ERGO worked together with Charles from Cardano and they talk highly from each other which is a good thing if you believe in ADA and it's approach. - Guys please give me some feedback to improve my charts, analysis and commentaries. Daily chart on the left hand side: - Price broke through the 12.5$ resistance line after nearly 10days of consolidation. Between 12.5 and 18$ there is mostly void which suggests some volatility. - Volume rises which is a bullish sign. 4h chart on the right hand side: - It's worth noting that due to low volume the price behaves very volatile. - Strong RSI that went into the overbought territory (>80) and bounced quickly. Not too dangerous yet. Expectation: - We expect to see new ATH's until the 12th of september? Why is that? It's the official date for cardano to launch their smart contract abilities on their chain and Ergo is connected to ADA. - Once people will realize the potential of ERGO we expect to see this coin in the top 50. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
3
ERGO next leg up - analysisERGO/USDT Possible outbreak from symmetrical triangle and wondering where this might lead. I used data point from coinmarketcal and coingecko to have a minimal price history (since feb 2021). Tradingview only has data since the listing on Kucoin. FYI: The highest USD valuation was 22.37 on 16 december 2017. NOt the 18.18USD on 18 may 2021. The fibonacci extensions line guide us to profitable moves upwards. Target 1: 27.86 Target 2: 41.87 Since BTC dominance possibly fades further to 40% by september (where we expect a strong bounce), a lot of altcoins have room for growth. ERGO is a very promising project but not 100% operational and only availible on 1 DEX (KUCOIN) (and swap protocols). Many will follow down the road. A lot of upside on the implementation of the technology itself and the market valuation make the short term targets above not so radical. As for timing I think no patience is required. It looks quite ready for a leg up. Kind regards, ThVD
Long
by ThVD
7
ERG/USDT Start: ERGO reaches for the stars. 10x possible?Intro: - ERGO rebounds from 7.5$ and goes for new ATH. - Unfortunately ERGO on tradingview does not show the full history. We include the resistance levels around 10$, 12.5$ and 17$. But since we believe in this coin and its potential we will start covering it here. - ERGO worked together with Charles from Cardano and they talk highly from each other which is a good thing if you believe in ADA and it's approach. - Guys please give me some feedback to improve my charts, analysis and commentaries. Daily chart on the left hand side: - Price looks a bit like a short bullflag that broke out today. - Volume drop for three days with one up day today that does not say anything yet. 4h chart on the right hand side: - We see a failed bullflag that did rebound around 7.5$. - No RSI analysis yet. Expectation: - We expect a fully grown bullrun for ERGO which seems undervalued at the moment. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Boxes: - Either entry zone or support zone . Check the description.
Long
by tumbler55
8