JeanJean1983

BOND/USDT: what next ? - 13,5 to watch

Long
BINANCE:BONDUSDT   BOND / TetherUS
---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------

BOND/USDT: what next after first impulsive move triggered - 13,50 to watch

Context
- BARN BRIDGE benefits of a strong bullish momentum as expected at the end of July - now the coin is consolidating this strong move.
- 13,50 acts as a strong resistance to keep the coin trap in consolidation probably in range between 5,50 & 13,50
- The Market making on Binance (major exchange) is showing low volume (ask side) once the bullish momentum is activated pushing quckly the coin to the upside --- however once the benefits must be took there is quickly no more volume to the Bid.... so if you are in and want to cash out you need to be in the first batch...

Previous analysis (21/07/2022) :
Market configuration

- Graphical Elements :
Graphical Resistance = 13,50 & 18,50
Graphical Support = 5,50

- Mathematical Indicators:
EMA ( Exp Moving averages) are support with a bullish cross at 7,50 = Bullish
RSI indicator (below) is still above 50% = Bullish to neutral

- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target C has been already reached = 2,30
Fibonacci support of the wave (2) = 5,50
Fibonacci Bullish Target = 13,50 and 18,50


Conclusion

Prefered case => As long as 5?50 remains support a further trading range between 5,50 and 13,50 is likely before a new bullish tentative to to reach 18,50 ax 27,90
Trade active: First target reached at 19.00


CIO & Head of market research (Automata - Akt.io)

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