๐Ÿ” Analysis of $ERA /USDT 1h

ERA is trading within an ascending wedge, showing a gradual tightening of the range of movement. The price has broken through the upper boundary of the Ichimoku Cloud, signaling a potential bullish momentum. โ˜๏ธ๐Ÿ“ˆ

๐Ÿ”น Support: 1.2757

๐Ÿ”น Resistance: 1.2904 ( is being tested )

๐Ÿ”น MA(7, 25): Support an uptrend

๐Ÿ”น SAR: Under the candles - confirms bullish pressure

๐Ÿ”น Ichimoku Cloud: Reversal signal โ€” bullish "twist"

๐Ÿ“Š A breakout above 1.2900 will pave the way for accelerated growth. However, it is necessary to monitor the volume and price reaction at the upper boundary of the wedge. A downward breakout is a signal for correction.

$ERA #BinanceSquareFamily