🔍 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. ☁️📈
🔹 Support: 1.2757
🔹 Resistance: 1.2904 ( is being tested )
🔹 MA(7, 25): Support an uptrend
🔹 SAR: Under the candles - confirms bullish pressure
🔹 Ichimoku Cloud: Reversal signal — bullish "twist"
📊 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.
