ERN pumped 170%. Do Not FOMO!

ERN Analysis


9/29/20220 min read

This is an ERN idea.

ERN just moved 170% and now has a spot in the top-gainers coins of today.

It was a long since the price was consolidated sideways, and finally, it broke out.

You should be aware of two resistance levels on the way up, two support levels on the way down, and also the middle Bollinger Band.

If you're into opening long positions, wait for the price to land on support or pass the resistance level and confirm above it.

And for short positions, wait for the price to reach the resistance level or fall down the support levels.

There are two scenarios in the current situation:

Scenario One:

The price will reach the local support and get pumped once more to get to the higher resistance levels.

Scenario Two:

The price will get rejected by resistance and fall back to the half-shadow support levels.

RSI is in the overbought area, and the price has more room to go down.

Now let's see your ideas. Let's have a discussion.

Let me know if you guys have any questions;

I will be more than happy to help.

Good luck, and thank you.