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ERGUSDT

Will ERGO stop falling?Hello everyone! Today I want to share my view on the situation with ERGO. After its previous all-time high, the asset has been losing its value for almost two years now, and no, it is not a scam. The development team is quite active, and the project is not abandoned. However, this is not the first time for ERGO. At the beginning, the asset also surged to $18 per coin, but after the bear market of 2018-2020, it dropped to around $0.12. Currently, the asset has broken through a local support zone, and if it fails to return above it, we can expect a drop to around $0.82 per coin. The next support zone is located there. A positive scenario would be if the asset manages to return and establish itself above $1.10. Then we can expect an attempt to break the descending trend line, followed by a break of the EMA200 and the 0.236 Fib level. This is not financial advice, and everything you do is at your own risk!
by TradeMyIdea
1
Ergo Buy Now or Cry Later- Everything is in graph. - Ergo is a good project imo. - Have to understand that Ergo could be the first smart contract project on Cardano. - Have to understand many Miners using GPU are Switching from ETH(POS now) to ERGO(POW). - " The Ergo platform aims to provide an efficient, secure, and easy way to implement financial contracts that will be useful and survivable in the long term " - DYOR. - Buy Now. - Rebuy if dip around 1.1$ (Bottom). - sell at your convenience. - Roi 3000 to 6000%. ( depends where and when you buy ) Happy Tr4Ding !
Long
by thecryer
12
🚀!(ERG/USDT analysis)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 contracts that will be useful and survivable in the long term. Ergo describes itself as a self-amendable protocol that reportedly allows it to absorb new ideas and improve itself in a decentralized manner. 📊Technical POV : Since 2 months ago , by breakout of descending trend line , ERG has been rising until now , so if be able to take over current yellow (pivot) zone it will continue to rise to higher resistance zones , but otherwise may be rejected and can fall on the lower support zones as a pull back ,and then can start to rise again ! ✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE! -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 💚 if you're fan of my analyses please follow me , drop a comment 🗯 and Boost me 🚀🚀
by PRO_SMART_Trader
Ergo DCA - Max potential.I like keeping charts simple and keep the strategies simple. DCA begins now. Ergo and crypto looking like it will start 2022 with a bear market, which will drop btc to 30k and everyone else with it. This was nearly a blow off top and would have happened if btc continued it bullrun. On top of btc, This lopsided head and shoulders has dropped this and we will see if there's enough data to validate that trend line to then rebound from. Your best bet trading is to look for things that are in movement of a current Larger scenario and utilizing that to your best ability. Trying to trade on something without that is much more of a gamble.
Long
by Bobron
10
Ergo/BTC about to Break the Falling WedgeWe see a falling wedge on the ERGBTC chart that has been running since 20 October. We see that RSI has been steadily increasing making an RSI divergence. Once price breaks above the falling wedge, this will be our confirmation for entry. I would set a tight stop loss at 1016 Sat and look for an early exit at the 1474 Sat support/resistance line, anticipating a retest of the top of the falling wedge. Follow me for updates on this trade and others.
Long
by TechNerdOmar
ERG/USDT Strong bounce of support band. Can we go back to 18$? Intro: - ERGO is an Oracle that will be used for the Cardano blockchain. - 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. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. - In circulation we have 45million coins out of currently 100million possible. It seems unknown what is the max amount possible. It is therefore a risk factor for inflation that could lead to a price drop. Just keep that in mind. - Total market cap is currently around 500 million which seems too low. Daily chart: - Price finally found support at the last drawn support line around 8$. From there we see a strong bounce which confirms that these prices were oversold. - Volume increases but has still a lot of room to grow. - RSI analysis shows that we found support around the 30 line where below we would be officially within the oversold region. After the strong bounce it is likely to see some sort of consolidation before we move towards the 80 line. - Support lines are at 10.5$ and 8$. - Resistance lines are at 12.5 and 19$. Expectation: - We expect ERG to recover together with ADA since ADA will be the driving force. - We possibly retest the 10.5$ line which could act as support and help ERG moving higher. This could lead to another bullish rally together with the whole Cardano ecosystem. - End of the year prediction: We will see a 50$+ Ergo before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
1
ERG/USDT Is a downtrend breakout in sight? We are Ready!Intro: - ERGO is an Oracle that will be used for the Cardano blockchain. - ERGO worked together with Charles from Cardano and they talk highly from each other which is a good thing if you believe in ADA and it's approach. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. Daily chart: - Price currently is within a downtrend and near a local support around 10.5$. - Volume decreases since the start of September where ERG was listed on Kucoin. Once we break the downtrend this could change quickly. - RSI analysis shows a "soft" downtrend breakout. We are still going down but could set a higher low. - Support lines are at 10.5$ and 8$. - Resistance lines are at 12.5 and 19$. Expectation: - We expect a further price appreciation during the next three months and a solid recovery until the end of October. Currently price depends on the ADA price token which is stagnant at this moment. - Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market. - We possibly retest the 10.5$ line which could act as support and help ERG to push through the purple line. This could lead to another bullish rally together with the whole Cardano ecosystem. - End of the year prediction: We will see a 50$+ Ergo before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
7
ERG/USDT Update: Ergo Pumps as expected and not end in sight.Intro: - ERGO breaks through 12.5$ 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
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