Please, do not be fooled by the simplicity of these signals. The only reason why I make this simple is because of experience, but these chart setups are really strong.
We are now looking at Marlin (PONDBTC).
On top of the signal I am about to describe we need to consider the market cycle, marketwide action, sentiment and other dynamics. I already took all those into consideration.
The oscillators as well, RSI and MACD, can be considered to further support your technical analysis.
A major low was hit May 2022. PONDBTC recently moved below this low and is now moving back above it. This is the a major development when coupled with the other factors mentioned above.
You can also consider the trading volume and Bitcoin, as well as everything else.
These signals are pointing toward a reversal in the coming weeks or days. In fact, it is already happening, so, prepare for the rise.
Endless opportunities the Cryptocurrency market has to offer.
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.