$ERA Bullish [Harami Pattern] Confirmed:
🔍 Candlestick Pattern Observed:
This appears to be a Bullish Harami pattern.
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🧠 Definition of a Bullish Harami Pattern:
A Bullish Harami is a two-candle reversal pattern that typically forms at the bottom of a downtrend and suggests a potential bullish reversal.
Structure:
1. First Candle (Bearish):
• A large red (bearish) candle.
2. Second Candle (Bullish):
• A small green (bullish) candle that is completely inside the body of the previous red candle.
• Indicates a pause in selling pressure.
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📈 What It Means for ERA/USDT:
In this chart:
• The price has been dropping.
• A large red candle appeared (strong bearish momentum).
• It was followed by a small green candle within the range of the red one — showing buyer hesitation or seller exhaustion.
This Bullish Harami suggests that the downtrend might be weakening. If confirmed by:
• A strong bullish candle afterward, or
• Increased volume on the next green candle,
Then this could be a signal for a potential reversal or short-term rally.
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✅ Confirmation Factors to Watch:
1. Next candle closes above the high of the green candle.
2. Volume increases on the green candle.
3. RSI divergence (currently in the oversold region, near 20).
4. Break above Fair Value Gap (FVG) resistance zone.
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⚠️ Caution:
• If the next candle is bearish and breaks the recent low (around $1.20), the pattern fails.
• FVG resistance zones above (~$1.36–$1.46) could still act as major sell zones.
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📌 Conclusion:
You’re observing a Bullish Harami, which signals a possible pause or reversal in the recent downtrend. Wait for confirmation before acting — this could mark a short-term bounce if bulls reclaim momentum.
