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PONDUSDT trade ideas

PONDUSDT Demand Zone Formation and 50% Upside Potential 📊💎 #PONDUSDT formed a potential bottom on June 10, followed by an impressive 83% price surge. During its upward movement, #POND confidently broke above the downtrend trendline, indicating a possible shift in the long-term trend. However, after bouncing off the supply zone, #PONDUSDT experienced a significant pullback, with the price correcting down to the 78.6% Fibonacci retracement level at $0.0078. 💎 What's intriguing is the precise bounce off this Fibonacci support, accompanied by a clean rebound from the uptrend trendline. Consequently, a demand zone has been established, and as long as a new lower low is not formed, we can anticipate further upside, with a retest of the supply zone near the 78.6% Fibonacci resistance. 💎 Once/if our upside target is reached, a gain of over 50% will be achieved. Overall, the risk-to-reward ratio for buyers looks favorable, and the MCP team is eagerly awaiting the opportune moment to join this bullish journey.
Long
by MyCryptoParadise
Marlin (POND) Price Prediction Aug 2022What is Marlin (POND)? Marlin (POND) is the native token of the Marlin protocol. POND was launched as an ERC-20 token in 2020. Marlin network is a peer-to-peer (P2P) layer-0 blockchain protocol that provides a scalable infrastructure for several decentralized web projects. POND tokens can be used in securing and running the ‘Metanodes’, native validator nodes. These tokens grant its holders voting rights in the POND DAO. Along with POND tokens, the Marlin network also includes another token called the MPOND token which is deployed in the network’s governance. The network uses these tokens as insurance funds compensating for SLA breaches. Marlin (POND) Price Prediction 2022 Marlin (POND) holds the 412nd position on CoinGecko right now. POND price prediction 2022 is explained below with a daily time frame. The above chart of Marlin (POND) laid out the ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and a lower trendline that connects the rising lows. If the current price action breaches the resistance level of $0.01374, POND will enter a bullish trajectory to reach its target at $0.03128. Currently, Marlin (POND) is at $0.01443013. If the pattern continues, the price of POND might reach the resistance level of $0.01374, and $0.03128. If the trend reverses, then the price of POND may fall to $0.00896, $0.00756, and $0.00630. Marlin (POND) Support and Resistance Level The chart below shows the support and resistance levels of Marlin (POND). From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Marlin (POND). Resistance Level 1 $0.01395 Resistance Level 2 $0.02637 Resistance Level 3 $0.04478 Resistance Level 4 $0.07761 Support Level $0.00633 POND Resistance & Support level The charts show that POND has performed a bullish trend over the past month. If this trend continues, POND might run along with the bulls overtaking its resistance level at $0.07761. Accordingly, if the investors turn against the crypto, the price of the POND might plummet to almost $0.00633, a bearish signal. Marlin (POND) Price Prediction 2022 — RVOL, MA, and RSI The Relative Volume (RVOL) of Marlin (POND) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of POND lies below the cutoff line, indicating weak participants in the current trend. Moreover, the Moving Average (MA) of Marlin (POND) is shown in the above chart. Notably, the POND price lies above 50 MA (short-term), so it is completely in an upward trend. Currently, POND is in a bullish state. There is a possibility of a reversal trend of POND at any time. Meanwhile, the relative strength index (RSI) of the POND is at a level of 55.58. This means that POND is nearly in an overbought state. However, this gives confidence to the traders to trade without any fear Marlin (POND) Price Prediction 2022 — ADX, RVI Let us now look Average Directional Index (ADX) of Marlin (POND). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX. The above chart represents the ADX of Marlin (POND). Currently, POND lies in the range of 48.13606, so it indicates a strong trend. From the above chart, the Relative Volatility Index (RVI) of Marlin (POND). RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of POND lies below 50, indicating low volatility. In fact, POND’s RSI is at 55.58, thus confirming a potential sell signal. Comparison of POND with BTC, ETH The below chart shows the price comparison between Bitcoin, Ethereum, and Marlin (POND). From the above chart, we can interpret that ETH, BTC, and POND are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and POND increases or decreases respectively.
Long
by TheNewsCrypto