ERD is a coin with strong fundamentals, regular anouncements and low market cap. It also had a large pullback from ICO launch. It is listed on binance and other listings are coming in. At this price it is strongly underpriced. Buying at this price will also give you a nice ratio of 3%/pip, meaning a little move can provide reasonable profits.
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Also it worth mentioning that a 3 bar play pattern formed on daily chart, which can boost the momentum going up, despite the fact these patterns should be taken with a pinch of salt in these markets.
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Trade went against me. Breakout was fake.