$ERA Overbought based on technical indicators (bullish signal)
Overview: The 7-day Relative Strength Index (RSI) ERA reached 23.6 on August 20 — the lowest level since listing in July. The price is testing the Fibonacci support level at $0.828.
What this means: Historically, $ERA has rebounded by about 120% after reaching similar RSI levels in July. The current price of $0.847 is above the critical support of $0.828 (August low), which could be a point for closing short positions.
What to watch for: Closing trades above the level of $0.857 may signal a technical recovery.