After a massive about 2800% pump in 3 months ERD needs to cool down.
Bulls seems to be exhausted and they start to sell theirs ERD bags and book the profits.
TA:
ERD has broken the support and retest it as a resistance and seems to continue down.
On daily time frame we can see that it had formed inverted Head and shoulders pattern witch is a bearish sign.
Also it had printed regular bear divergences on RSI and on stochastic RSI
I will buy again this gem around 40 sats .
Bulls seems to be exhausted and they start to sell theirs ERD bags and book the profits.
TA:
ERD has broken the support and retest it as a resistance and seems to continue down.
On daily time frame we can see that it had formed inverted Head and shoulders pattern witch is a bearish sign.
Also it had printed regular bear divergences on RSI and on stochastic RSI
I will buy again this gem around 40 sats .