Hello everyone! Today I want to share my view on the situation with ERGO.
After its previous all-time high, the asset has been losing its value for almost two years now, and no, it is not a scam. The development team is quite active, and the project is not abandoned. However, this is not the first time for ERGO. At the beginning, the asset also surged to $18 per coin, but after the bear market of 2018-2020, it dropped to around $0.12.
Currently, the asset has broken through a local support zone, and if it fails to return above it, we can expect a drop to around $0.82 per coin. The next support zone is located there.
A positive scenario would be if the asset manages to return and establish itself above $1.10. Then we can expect an attempt to break the descending trend line, followed by a break of the EMA200 and the 0.236 Fib level.
This is not financial advice, and everything you do is at your own risk!
After its previous all-time high, the asset has been losing its value for almost two years now, and no, it is not a scam. The development team is quite active, and the project is not abandoned. However, this is not the first time for ERGO. At the beginning, the asset also surged to $18 per coin, but after the bear market of 2018-2020, it dropped to around $0.12.
Currently, the asset has broken through a local support zone, and if it fails to return above it, we can expect a drop to around $0.82 per coin. The next support zone is located there.
A positive scenario would be if the asset manages to return and establish itself above $1.10. Then we can expect an attempt to break the descending trend line, followed by a break of the EMA200 and the 0.236 Fib level.
This is not financial advice, and everything you do is at your own risk!
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.