PONDUSDT
Marlin POND - Very bullish pattern! +150% in few days + Triangle
This altcoins has an amazing trade setup for bulls!
On the daily chart we can see an ascending triangle, the most bullish chart pattern and we are close to a breakout.
As per my Elliott waves analysis, the impulse (5-3-5-3-5) has been completed, so we can expect an ABC retracement now.
On the log scale the price is printing an descending channel and this is a nice profit target for our trade.
This will be a quick trade that can take just a few days.
You can buy a breakout above the triangle, If you want to increase the probability of success.
Look at my ideas about interesting altcoins in the related section down below ↓
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$POND #POND Chart ExpectationPond is a Layer 0 protocol which operates for a few years now. We already had Layer 1 and 2 booms in the past (Some are still ongoing) and I think Pond has good papers to be on top of the next narrative, layer 0. From a fundamental perspective it's bullish , also the marketcap makes it attractive as a investment.
At the moment Pond is facing some resistance at the channel bottom, tries to go in again.
Midterm targets have been given (blue marked), it's up to you what kind of play it becomes (short,mid or longterm).
Happy trading...
POND/USDT 2HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick POND/USDT analysis.
I have tried my best to bring the best possible outcome in this chart.
Reason of trade:-POND/USDT tringle pattern conform and retest buy the green zone
Entry:-CMP AND GREEN ZONE BUY
Target:- 30% to 40%
Stop loss:- 0.03986
Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade.
Happy trading.
Sorry for my English it is not my native language
Do hit the like button if you like it and share your charts in the comments section.
Thank you.
UPDATE: POND UP 19% after 4h bull signal - Scalper AnalysisPlease Like or Follow if you enjoyed this content.
UPDATE: The price jumped 19% after bullish signal. POND broke resistance at 0.057. Now moving slowly to 0.066 USDT. RSI is in the bullish zone. Here is where the magic happens.
This analysis is made with my "Supertrend Ninja - Clean". It displays only the last few signals. Which gives it a clean look. Currently POND is in an uptrend. Remember you don't need to buy the bottom. You just need to ride a big part of the uptrend.
Supports and Resistances are highlighted as grey blocks. Profits can be taken at each grey block. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja - indicator", which is a trend-following indicator (Green and red vertical line with arrows). When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "HA Trailing Stoploss Activation", the indicator below with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
POND 25.12.2021 - LongPeople are talking about Web3 coins so much, so I decided to take a look at some Web3 coins that they said it is potential in the next couple of months.
Let's analyze pair POND/USDT.
Firstly, on RSI indicator we can easily see the divergence compare with price line on the chart (price is going sideway but RSI is increasing)
Secondly, it just breaks out down trend by using trend indicator PSAR.
About target, we could see that if we open Long position now, it could be a good position because it is very near the last support key level by using Fibonacci Retracement, so the target will be next level on Fibonacci indicator which means 0.86
Conclusion: Open Long position there.
- Entry: 0.66-0.68
- Target: 0.86
POND ready to fly 30%- 300%#POND/USDT
$POND is a web3 coin with great potential to increase.
price broke out descending resistance and touched the parallel resistance and rejected to pullback to broken line.
now price is above long term support and can increase to parallel resistance.
breaking out from descending resistance will lead price to resistance zone, and break out from resistance zone will rise more to touch $0.2.