Just look at the current wick and body structure occurring at the top yellow resistance line. Very interesting. In general, Im bullish on this coin looking at other technical charts, but this pattern is fascinating to say the least. Im expecting it to honestly break above the yellow at some point, but will have to watch it live when it nears that resistance...
On the 2 day timframe, BONDs RSI open rose above its major resistance and has historically had a large breakout on the same or following sets of candles
There are no buyers here.
Squeez out what is to force investors out of a position. Because of that price went to 6 usd not because of value of BOND.
If you look at the past you will see just downside of price, nothing more...
As we see, playing with BOND is very changeable. 21 usd is BIG reistance. Price tried many times to break through. We could say that 21 usd is very dificult to cross it. Falling period is not over. For growing period we need price over 6 usd.
Will we see 2 usd again? It is possible. According to the current situation, it is a more likely to see USD 2 than USD 6.
EMA 50 crossed EMA 20 on 4h chart. Bearish signal.
Price will fall.
My view: price wll fall to 1,30 usd and then bounce to 14 usd.
We have to wait one year for price of 14 usd (late 2024).
Let us see.
BarnBridge (BONDUSD) produced a 100% bullish breakout today, recovering 3 months of losses/bearish action in a single day, just a few hours.
This strong action pushed prices above EMA50 and EMA100 on the daily timeframe, this is likely the beginning of what is about to take place.
A 100% jump within hours is really strong.
This is not a squeeze, this is the...
BOND has been waiting to have its time again. Now is the best time to buy at $3 and hold for the next explosion to $28 and beyond. Grab it while its cheap!
