parissap

POND broke out triangle

Long
BINANCE:PONDUSDT   POND / TetherUS
#PONDUSDT
$POND broke out from triangle pattern .
there is another descending resistance parallel to upper line of triangle and also it is the same with a long term resistance zone .
price can head up to touch this resistance zone , and breaking above it will lead price to 0.5 fib level of whole swing down.
breaking out of 0.618 fib level may head up price toward 1.414 and 1.618 fib levels.