ERGO has probably lost it's bullish tendency, difficult price position now!

Hey guys,
Ergo was a coin that everyone was speaking about, good mining and promising price increase, I did and analysis in this coin for someone that asked and I found it was already at the price target and in a satisfaction zone where players would drop their position and pocket their gains. It was on August 25th and the price was around 17$ already, in the 100% of Fibonacci projection. And I did a retracement to find where was the coin find it's correction point which was around 13.48$. Post on August.

Price target projection based on Fibonacci

The retraction that followed hit the 61.8 of Fibonacci retraction at September 7th, the target we found earlier.

Now the coin is losing it's value too fast, the last movement was very bearish, the volume was constant seller, indicating a continuous drop on players position without interference from bigger actors. I used the Fibonacci project to find the potential point where the price target is for this last bearish movement and found it to be at around 8.96$, which is a problematic region for the price.

Projection for the last movement using Fibonacci, it's in a satisfaction zone of around 80% of the projection, however the strong seller force could drive it to 100%

The entire coin movement put the price in a difficult point. I was curious and used a Fibonacci retraction in the entire price movement of Ergo, and found it is exactly at 61.8% of the entire price movement of the coin!

Ergo is at it's last support before losing the entire buyer tendency!

This is the last point before the coin entirely loses it's buyer tendency and begins to take a seller movement. If the coin loses this price it will hardly bounce back in the near future without any extreme measures from the team behind it! I wouldn't sell it right now because it's probably the bottom, but buying it is a risk, those who like to seek great opportunities this could be one if you endure risks!

What do you guys think, is there still hope for this coin? Do you have it or plan to buy it? It's probably at it's bottom, would you risk buying some?! Tell me more about!
If you have other coins that you find interesting to do an analysis tell me !