📊 Analysis of ERAUSDT — The last barrier before the breakout? 🚀



On the 4-hour chart of the asset ERAUSDT, we observe a clearly formed descending wedge — a classic figure of a potential trend reversal. The price is trading at the lower boundary of the pattern, which may signal the approach of an impulse movement 📈⚡️

📉 Dynamics and context:

After an aggressive pump to $2.20, a long correction period followed, during which the price steadily decreased. Now the asset is approaching the apex of the figure, where pressure is increasing and liquidity is tightening. 💥

📌 Key levels:

🔼 Resistance: $0.96–$1.00 — upper wedge and potential trigger for breakout

🔽 Support: $0.90–$0.91 — the lower boundary that the price is currently protecting

📉 Indicators:

MA (7 and 25) are located above the current price, which maintains local bearish pressure 🐻

SAR is close to a change in direction — a breakout upwards may provide an early reversal signal 🔄

Ichimoku Cloud: the asset is currently below the cloud, but if it consolidates above $1.00, it may enter a bullish phase. The cloud is getting thinner — a sign of an approaching trend change ☁️🔁

🧠 Scenarios:

🚀 Bullish: a breakout above $1.00 and holding above $1.05 opens the way to $1.20 and up to $1.40

🔻 Bearish: a break down below $0.90 could trigger stops and take the asset to the zones of $0.82 and $0.75

🔥 Output: ERAUSDT is on the verge of an important technical decision. The wedge is narrowing, pressure is increasing, and potential volatility may rise sharply. 🧨 Traders' attention is focused — we are watching for a breakout of the nearest levels and volumes. The time to make a decision is near ⏳📈
MA-3.04%
CLOUD9.92%
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GateUser-1cd7912avip
· 08-04 04:33
nice,it will be bullisl in next suerly.
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GateUser-1cd7912avip
· 08-04 04:32
1000x Vibes 🤑
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Asad_Rashelvip
· 08-04 03:03
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GateUser-9e483a50vip
· 08-04 02:53
👍👍👍
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GateUser-de89d4f1vip
· 08-04 02:39
The crypto market is a global, decentralized digital asset exchange that's highly volatile and speculative.
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HappyWealthAbundancevip
· 08-04 02:06
Just go for it💪
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GateUser-decfcdb1vip
· 08-04 02:05
good morning everyone in the house
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GateUser-4aba568cvip
· 08-04 00:56
https://www.gate.com/activities/pointprize/?now_period=12&refUid=4732294
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MuhammadZainBabarvip
· 08-04 00:14
hello traders what are you doing today
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KaiOneRuleOneBeliefvip
· 08-04 00:04
thank you for your analysis 😉
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