Ergo / Tether

ERG Watch

240
Points of Confluence

1. price is ranging within the downward channel
2. support found around .23 and .38 fibs .5 acting as resistance
3. potential (speculation) H&S
4. price imbalance is "filling"

I expect price to react with the thick black trend line as such:

  • _eventually_ break up and out of the triangle
  • come back down and re-test that range (the triangle as well as fib)
  • price will _eventually_ continue with break-out, or fail, and repeat.


H4 TF is so low for me, I'm more of a macro trend guy. DYOR.

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