ERGO, sweet ERGO

8 Sep 2022

ERGOis currently trading inside two channels. The blue ascending channel is a macro daily tf. the orange is a descending channel within the blue channel. Confluence of resistance around $6.80 -$7.25 area (heavy red horizontal). if we break this level we have the "potential" to test the $10 area. The alternative to that ERGO can continue to trade in the descending channel and see new lows. as a miner I am long term bullish on ERGO as the bull trend still there on the macro view. wait for confirmation to enter any trades. not financial advice.