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📊 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 ⏳📈
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