ERG/USDT technical analysis
Daily chart:
- Price finally found support at the last drawn support line around 8$. From there we see a strong bounce which confirms that these prices were oversold.
- Volume increases but has still a lot of room to grow.
- RSI analysis shows that we found support around the 30 line where below we would be officially within the oversold region. After the strong bounce it is likely to see some sort of consolidation before we move towards the 80 line.
Daily chart:
- Price finally found support at the last drawn support line around 8$. From there we see a strong bounce which confirms that these prices were oversold.
- Volume increases but has still a lot of room to grow.
- RSI analysis shows that we found support around the 30 line where below we would be officially within the oversold region. After the strong bounce it is likely to see some sort of consolidation before we move towards the 80 line.