📉 Analysis of ERA/USDT (1H Chart)
The current picture for the asset ERA/USDT indicates a persistent downward trend after falling from ~$1.45 to ~$1.22. Attempts to bounce back have been unsuccessful — the price broke through the ascending channel and continued to move downwards.
🔍 Technical Signals:
MA (7/25/99): All moving averages are above the price — a bearish signal.
Ichimoku Cloud: Price is below the cloud, the cloud is red — a strong signal for decline.
SAR: Points above the candles — confirmation of selling pressure.
Volume: Sharp spikes during the decline — dominance of the bears.
🧱 Key Levels:
Resistance: $1.2389–1.2643
Support: $1.2015 and below
📊 Scenarios:
1. 📉 Continued decline — most likely if the price does not hold above $1.24.
2. 🔄 Flat — possible consolidation in the range of $1.21–1.24.
3. 📈 Reversal — unlikely without volume and a breakout of the cloud/MA.
⚠️ Risks for longs are high. Everything indicates a continuation of the decline. The nearest actions — observation and monitoring of levels.