POND is trading in a particular zone for some time. Resistance levels are 0.9869 and 0.11558 if daily candle closes above 0.9869 we can see a move to 0.11558. Also if the upper trend line is broke we can see a good move upward to 0.18 level. On the downside support levels are 0.7411and 0.6574
PONDUSDT Forming symmetrical triangle on 1D timeframe and looking very bullish in BTC pair once breakout it can pump hard also BTC looking bullish so we can expect good return from #POND in coming days Buy and hold it for maximum profits
UPDATE to my last analysis. There is a possibility for an upcoming inverse head and shoulders pattern. It's a reversal pattern including a second bounce from a 0.618 fib level (golden pocket zone). This is very bullish if it keeps up. Also notice that the last big red bar had low volume.
POND had a 35% move up and seems strong. There are strong buy volumes on the market.
It's pushing up the Bollinger bands but still tries to consolidate, which is a good sign.
Its been getting rejected by resistance too many times so watch out with your long positions.
Wait until the price crosses the first resistance and after it confirmed and closed a 4H candle...
I think it's a good time to buy POND
Lying on strong horizontal support level on higher timeframe, Forming triple bottom and descending triangle on 1D timeframe.
Expecting bounce from here in short term
Target mentioned in above chart
Stop if 1D close below 145
As you can see, my entry was too hasty, but I still believe in my 840 tartget!
It's a good time to buy. POND is now in a strong support (uptrend) zone.
He doesn't have much to fall anymore, by a maximum of 100% :)!
When BTC calms down, we'll see a big altcoin show!