Hello, dear TradingView members.
This is an ERN idea.
ERN pumped about 40% and got rejected by resistance.
This is the second time it's trying to break that resistance level.
There are two support levels on the way down and two resistance levels on the way up, pushing down on price.
Scenario One:
The price will get more support from this area and push up again to retest the resistance levels.
Scenario Two:
The price will be rejected and fall from the local support on the solid support area.
RSI is oversold, 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.
This is an ERN idea.
ERN pumped about 40% and got rejected by resistance.
This is the second time it's trying to break that resistance level.
There are two support levels on the way down and two resistance levels on the way up, pushing down on price.
Scenario One:
The price will get more support from this area and push up again to retest the resistance levels.
Scenario Two:
The price will be rejected and fall from the local support on the solid support area.
RSI is oversold, 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.
