ERG is in accumulation range where RSI is showing similar behavior as in 2021 - rounded bottom, creating higher lows and slowly pushing to oversold region. If we are repeating this pattern then we can expect strong push up to test major diagonal resistance line, possible even wick to ATH level followed by another deep correction.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.