Caldera is still moving inside a clear downtrend, but early signs of a possible base are starting to show.
The main level to watch is the reclaim zone on the chart. It lines up with previous support, local resistance, and the lower edge of the larger volume profile value area. Until
ERA gets back above that zone, this is still a relief bounce attempt, not a confirmed reversal.
Momentum is improving. The Synergy Signal Oscillator is rotating up from a weaker zone, giving bulls a chance if price structure follows.
Bullish confirmation:
Reclaim the key horizontal level
Hold it as support
Push into the higher volume pocket
Form a higher low
Bearish risk:
Rejection at resistance
Loss of current consolidation
Continuation inside the descending trend
For now,ERA is a recovery attempt inside a larger downtrend. The setup gets cleaner if price reclaims the marked level and holds it.
The main level to watch is the reclaim zone on the chart. It lines up with previous support, local resistance, and the lower edge of the larger volume profile value area. Until
ERA gets back above that zone, this is still a relief bounce attempt, not a confirmed reversal.Momentum is improving. The Synergy Signal Oscillator is rotating up from a weaker zone, giving bulls a chance if price structure follows.
Bullish confirmation:
Reclaim the key horizontal level
Hold it as support
Push into the higher volume pocket
Form a higher low
Bearish risk:
Rejection at resistance
Loss of current consolidation
Continuation inside the descending trend
For now,
ERA is a recovery attempt inside a larger downtrend. The setup gets cleaner if price reclaims the marked level and holds it.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Check me out btdcrypto.com/links/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.