Merlin
[PONDUSDT] End of symmetrical triangle... bullish!Hi all,
PONDUSDT is doing a great symmetrical triangle on both Daily/Weekly timeframes.
RSI is doing a huge bullish divergence since May (!) and MACD is showing some bullish signs, trading above the signal line for the past couple of days.
POND made a great pump one month ago with a great volume spike as you can see on the chart, then it went back into the triangle. The accumulation was done mostly in the current trading zone as the Volume Profile tool shows (green rectangle).
Bollinger's band are showing a sort of contraction which indicates a ranging zone being consolidated.
I believe POND will explode in upcoming days. 40% to 180% move according Fibonacci's levels (0.618 to 1).
This is not an investment advice, just sharing my thoughts as always.
Good luck everyone! :)
BTC: 9430 | 10800 | 6500 | 17500 || The Plan where liquidity is where the deal crystallizes
shoulders are costs of sponsor
head is bench of banker
the right should shall be REWARD of BANKER to the MINER
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when everyone is flushed out.. then 2021 should be a rewarding moment to folks with VOLUME below 9k levels
note: cost of JD and S is 4k to 8k
that should be a nice zone to eyeball