Not gonna try to map out swings for this one, just the overall movement. Currently POND has printed a falling wedge, which is a pullback from a bullish impulse, and as price pulls back momentum dwindles to the point there is a reversal back into the trend.
Also is we look at the overall visual, some may call this a bull penant..
Price is currently sitting on strong support at 38% and Ill be looking for a break in the Trend line before entering.
I usually would wait longer however I have a hunch things will play out in my favor. Regardless I have an exit plan incase things go awry.
For those looking for a safer trade, things to look for:
1. After the breakout, no matter how much you want to enter, WAIT for a pullback and reversal signs.
2. Reversal signs - bullish volume, reversal candles, your lagging indicator (lol), bollinger band touch.
Reasons not to enter yet:
1. Still within the trendline, no breakout
2. Bearish pattern still, LL - LH
3. Lack of volume currently.
4. It can be said this is a descending triangle aswell and we could have a break below.
Also is we look at the overall visual, some may call this a bull penant..
Price is currently sitting on strong support at 38% and Ill be looking for a break in the Trend line before entering.
I usually would wait longer however I have a hunch things will play out in my favor. Regardless I have an exit plan incase things go awry.
For those looking for a safer trade, things to look for:
1. After the breakout, no matter how much you want to enter, WAIT for a pullback and reversal signs.
2. Reversal signs - bullish volume, reversal candles, your lagging indicator (lol), bollinger band touch.
Reasons not to enter yet:
1. Still within the trendline, no breakout
2. Bearish pattern still, LL - LH
3. Lack of volume currently.
4. It can be said this is a descending triangle aswell and we could have a break below.
Nota
Acutally Imma wait a lil longer, and weigh my options with other coins currently.Dagangan ditutup: sasaran tercapai
1
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.