BOND/USDT: Bullish move expected (BARNBridge)
Updated
---- Mid-term Analysis for the next coming 4 weeks to 3 months - Daily on Daily Chart (LOG)-------
BOND/USDT: Bullish move expected
Context
The Global Crypto market leads by BTC and ETH is now showing strong signs of bullish reversal which is also the case on BOND which triggered a bullish moving average cross
Market configuration
- Graphical Elements :
Graphical Resistance = 19 & 27,60
Graphical Support = 6,60 & 2
- Mathematical Indicators:
EMA ( Exp Moving averages) are support with a bullish cross = Bullish
RSI indicator (below) is reintegrating 50% = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target C has been already reached = 2,30
Fibonacci support of the wave (iII) = 6,60
Fibonacci Bullish Target = 19 & 27,60
Conclusion
Prefered case => As long as 6,60 remains support a strong bullish momentum is expected towards 19 before 27,60 - buy any dips around 11
BOND/USDT: Bullish move expected
Context
The Global Crypto market leads by BTC and ETH is now showing strong signs of bullish reversal which is also the case on BOND which triggered a bullish moving average cross
Market configuration
- Graphical Elements :
Graphical Resistance = 19 & 27,60
Graphical Support = 6,60 & 2
- Mathematical Indicators:
EMA ( Exp Moving averages) are support with a bullish cross = Bullish
RSI indicator (below) is reintegrating 50% = Bullish
- Elliot & Harmonic Wave (Fibonacci):
Fibonacci Target C has been already reached = 2,30
Fibonacci support of the wave (iII) = 6,60
Fibonacci Bullish Target = 19 & 27,60
Conclusion
Prefered case => As long as 6,60 remains support a strong bullish momentum is expected towards 19 before 27,60 - buy any dips around 11
Trade active
First target reached at 19.00Key support at 13,20 & 14,30 to maintain trailing stop for the rest of the position anticipating 27 test if 19 can be surpassed
Trade closed: target reached
After having reached 26 the trade idea has been completed at 95% - This traded idea is closed - we are not buying BOND anymore at this moment
CIO & Head of market research (Automata - Akt.io)
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