People 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