Short

BOND Flashed Two Strong Bearish Signals On The Daily Chart

BOND is in a considerable long-term downtrend. Since its peak in April, the crypto token has lost almost 80%.

Recently, BOND found a local bottom and recovered slightly. However, there's a huge chance that this is just temporary, and traders can expect another leg down.

Here's why 👇

BOND flashed two strong bearish trade signals on the daily chart.
➡️ The Big Extender signals rely on EMA, RSI, and ADX indicators.
➡️ The Parabolic Trader incorporates the MACD, PSAR, and ADX.

Both signals indicate a robust downward momentum and show solid backtest reliability.

Chart / Entry: From a chart perspective, as a possible entry, I might be wise to wait for a break of the support at $1.30.

ben_walther

I'm Ben. Crypto lover, trader, and coder.

Join my free newsletter for insights and the hottest trade setups every weekday!
newsletter.bencrypto23.com

🔥 For exclusive content: newsletter.bencrypto23.com/exclusive

Also on:

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.

ben_walther

Also on: