PONDUSDT trade ideas
$ZIL Leading $POND// FractalsI've been noticing a pretty successful trader utilize this strategy so I decided to try it out for myself. It'll be best you DYOR on the technicalities of it.
Looking at the price action of POND and ZIL, I can personally see a resemblance. This shouldnt lead to a surprise as many tokens bear the same or similar patterns due to their relevance to each other (i.e CAKE & BNB) and also their correlation to bitcoin.
Regardless of what ZIL is showing, POND is currently sitting on some pretty strong resistance that has held for sometime now turned strong support. Price has also broken a trend line and we havent had a retest, therefore Im expecting one. Keep in mind, we are in a bull market so I expect price to eventually make its way up regardless; however the opportunity cost is the other tokens which find the volume before POND.
Check comments for other charts. Inspo: @cryptokaleo
Bullish flag broke out on $POND against $USDTMarlin $POND broke out on april 5th from the bullish flag and retested the upper border on april 7th for a measured move spanning from 0,2066USDT to 0,346USDT
As of this moment the price tag reads 0,2436USDT with possibility of a 40% profit. Price is correcting bouncing off support on the .236FIB giving a ood opportunity for an entry point.
Be wary of an eventual dip in $BTC or increase in bitcoin dominance.
POND// Falling wedgeNot 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.
Under-realized digital asset This is simply my personal analysis of a digital asset of a project which I believe is worth my attention. The project attempts the re-imagining the networking architecture underneath blockchains at "Layer 0"...the network layer. Current decentralized systems are based on peer-to-peer communication and the network layer is common to all crypto projects, bar none. Communication between components of the crypto-ecosphere is an essential component, Slow speeds = FAST DEATH to a project.
While there is not much financial history to perform a technical analysis on the project and it's asset I am investing in for the following reasons:
1. It addresses a real-work problem with an intelligent solution.
2. Recent launch on Binance in a bull market.
3. Very small market capitalization of $119,570,802
4. Currently trading at 0.2489
5. Very well educated and experienced team, despite the fact that I can pronounce none of their names.
6. Strong sponsors.
Things I don't like.
1. The asset name is terrible .....POND ? Why not FAST ?
2. The project name is goofy....Marlin ? Maybe if you are in the sport fishing industry.
3. Their website is deadly slow for supposedly a fast company.
4. I don't see any hot chicks on their company employee page.
5. No idea where they are located ? What are they hiding ?
So, please note that this is not financial advice, but rather a encrypted message which when de-crypted reveals the secret location of my banana bread recipe.
My immediate price prediction is easily $1.00 +
wmw
toronto, canada
Is Marlin ready to jump out of the water?Classic Belgian Frites cone, add some mayonnaise and it's ready to serve. Get in line while the queue is short!
*DISCLAIMER* This idea is only for the purpose of sharing ideas -> NOT investment advice,
any feedback from aspiring traders and experts are more than welcome.
Always keep in mind not to enter a trade to soon and remember to take profit along the way.
Stay safe, stay profitable & may the odds be forever in your favor ^^
