Bullish flag broke out on $POND against $USDT
Updated
Marlin 
POND broke out on april 5th from the bullish flag and retested the upper border on april 7th for a measured move spanning from 0,2066USDT to 0,346USDT
As of this moment the price tag reads 0,2436USDT with possibility of a 40% profit. Price is correcting bouncing off support on the .236FIB giving a ood opportunity for an entry point.
Be wary of an eventual dip in
BTC or increase in bitcoin dominance.
POND broke out on april 5th from the bullish flag and retested the upper border on april 7th for a measured move spanning from 0,2066USDT to 0,346USDTAs of this moment the price tag reads 0,2436USDT with possibility of a 40% profit. Price is correcting bouncing off support on the .236FIB giving a ood opportunity for an entry point.
Be wary of an eventual dip in
BTC or increase in bitcoin dominance.Trade active
Will update this setup as it looks to have shaped a bullish wedge pattern. Probably will retrace to the 0.22 price level and resume attempt for new pattern breakout.Trade active
As expected price action retraced to 0.0218 and should resume climb afterTrade active
Indecision candles kicking in these last hours as it stays in the 0.022 price area for support before resuming its climb.
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.