📊 Analysis of the asset ERA/USDT 4H

🧩 Figure, impulse, key levels and market reaction
📉 Figure: Descending Wedge
The chart clearly shows a descending wedge - a classic bullish pattern. The price has consistently narrowed within the wedge and finally broke upwards, exiting above the upper boundary of the structure.
Such a breakout, especially against the backdrop of a downtrend and low volatility, indicates a possible reversal and the beginning of an upward movement. 📈
⚠️ Anomaly: Spike to support zone $0.20–$0.25
In the middle of the wedge, there is a sharp "spike" downward — a quick and deep wick that reached the purple zone of key support. This could be:
Liquidation/stop hunting before reversal
The reaction of market makers to weak liquidity
Potentially a false breakdown to grab liquidity
⚠️ Important: the price immediately returned to the structure, which strengthens the reliability of the support zone.
🔍 Indicators and technical picture:
The price is above the Ichimoku cloud, which confirms the change in the short-term trend to bullish.
The breakout of MA(7) and MA(25) from bottom to top is an additional signal for a long position.
SAR has fallen below the price - support for the growing momentum
MA(99) remains above — the long-term trend is still bearish, but a breakout of MA(99) could confirm a phase shift.
📌 Key levels:
🟣 Support zone: $0.20–$0.25 ( marked by a spike — capitulation zone)
🔼 Current resistance zone: $1.00–$1.05
🚀 Targets upon consolidation: $1.15 / $1.25 / $1.40
🧠 Conclusion:
ERA has exited the descending wedge with strong technical confirmation. A spike down to the key support could be viewed as capitulation and the final liquidity grab. It is now important to watch for a consolidation above $1.00 — this will confirm the beginning of an ascending structure. 💥
📌 Support holds, the structure is bullish, interest in the asset is recovering.
🔔 We are monitoring the volumes and dynamics in the next 1-2 days.