Marlin (PONDBTC) is moving above EMA50 today on high volume, preparing for additional growth.
This is simple here.
Once EMA50 is taken out as resistance, the doors open for a new bullish wave.
We are within a higher low compared to Jan. 2021.
We are aiming for a higher high next.
Additional details on the chart.
Marlin (PONDBTC) is now moving above EMA100.
This opens the door for additional growth.
First, notice the red dashed line on the chart.
Back in January, when this line was surpassed strong growth followed.
Later this same line worked as support for more than 6 months.
Seeing prices move above EMA10, EMA50 and EMA100 after this support holds, can signal that the...
We have bullish divergence with the MACD and RSI on the PONDBTC chart.
Notice the higher low on the MACD (we have a lower low on PONDBTC):
The bullish divergence in present since October on the RSI.
With prices now safely trading above the EMA50 magenta line (0.00000159), this can signal that PONDBTC is ready to move up.
The downtrend has been broken.
We are seeing now many pairs looking good and some already printing strong bullish action.
The next chart is for Marlin, PONDBTC.
Here we have a base we are naming "support line".
Each time this line is challenged, a bullish move shows up.
Just yesterday PONDBTC hit the support line, with bullish indicators, my money is on prices this time also going up.
PONDBTC showing great signs of potential up move,
the pair is breaking out of long period of consolidation, with higher low confirming the start of a new up trend.
The buyers are supporting with high volume participation.
Don't forget to manage your risk! 👌
Good luck and trade with care 🙏
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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
Buying POND here, Lying on very strong horizontal support level on higher timeframe. Forming triple bottom on 1D timeframe. MACD indicating bullish momentum ahead. Bullish OBV divergence on 4H timeframe. Target mentioned in above chart. STOP if 1D close 150.
PONDBTC is testing the daily resistance after a nice breakout from daily trendline. IF the price will have a breakout from the resistance and flip the it into new support, According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly...