Marlin (POND)Marlin is an open protocol that provides a high-performance, programmable network infrastructure for DeFi and Web 3.0. Its native utility token, POND, is used for: 1) Running validator nodes on the network via staking; 2) Making and voting on governance proposals to determine how network resources are allocated; and 3) Determining a set of network performance auditors and compensating users from an insurance fund in case of an SLA breach.
Anyway, it is clear from the chart that POND was in a downtrend. Then, POND made a consolidation area in the shape of a triangle and then broke both this area and the major downtrend line. With this, POND started an upward phase that went up to the first horizontal resistance area. But POND couldn't break this horizontal area, and as a result, a correction started. Recently, POND broke the minor downtrend line and is going toward the horizontal resistance area. Let's see if this time POND can break it or not.
Marlin
Trade signal | Marlin (POND) completed a setup for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Marlin (POND) with US Dollar pair.
Previously we caught almost 92% pump of POND as below:
Now on a 4-hr time frame, POND has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
POND/USDT 30x Potential In Next Bull Run..?Technical Analysis for #POND/USDT:
The current trading price for $POND is at $0.01, which represents a 97% decline from its All Time High, and only a 60% increase from its recent bottom. Based on the chart, a significant move is expected in the coming days.
It is recommended to accumulate small quality for long-term investment purposes.
The best entry point is within the entry box, which ranges from $0.0075 to $0.01.
The stop-loss order should be set at $0.058, which may seem large, but is necessary to protect against potential losses.
The expected targets are high, thus presenting an opportunity for significant returns.
If the $0.0070 level is held, a big upward move may be seen.
A 30x increase is expected in the next bull run, with R1/R2/R3/R4 serving as the target.
The resistance levels to watch out for are at $0.027, $0.049, $0.1, and $0.23, while the support level is at $0.070.
The major resistance trendline is represented by the white line, which, when broken, indicates the potential for significant growth.
If gains are significant, it is important to keep in mind the stop-loss order to protect against potential losses.
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PONDUSD At least one more bullish extension left.Marlin (PONDUSD) is having a +40% 1D candle so far, breaking above its 0.5 Fibonacci retracement level. The long-term pattern since has been a Channel Down since the early 2021 market top so there is still no indication of a long-term trend shift to bullish but at least on the short-term, there is further potential for a bullish extension above the 1D MA200 (orange trend-line) and the Lower Highs (top) trend-line of the Channel.
Technically this is similar to the July - September 2021 rise which completed the rebound exactly at the top of the Channel Down and above the 1D MA200. This is also depicted on the RSI action, which is just shy of the 70.000 overbought level as it was on Aug 13 2021. Naturally a pull-back to the 1D MA50 (blue trend-line) would be ideal for a new buy entry, targeting 0.025. A break above the Channel Down would target the 0.04570 Resistance. Only a break above that level or the 1.382 Fibonacci Channel extension, can validate a long-term trend shift to bullish.
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🆓Marlin (POND) Feb-28 #POND $POND
The $0.028 zone is the important support zone for POND at the moment, if it doesn't lose this support, at least in the next few days POND can recover to the $0.034 or $0.04 zone
📈RED PLAN
♻️Condition : If 1-Day closes ABOVE 0.028$ zone
🔴Buy : 0.028
🔴Sell : 0.034 - 0.04
📉BLUE PLAN
♻️Condition : If 1-Day closes BELOW 0.028$ zone
🔵Sell : 0.028
🔵Buy : 0.024 - 0.02
❓Details
🚫Stoploss for Long : 10%
🚫Stoploss for Short : 5%
📈Red Arrow : Main Direction as RED PLAN
📉Blue Arrow : Back-Up Direction as BLUE PLAN
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
Marlin (POND) token formed huge Gartley for upto 265% big moveHi dear friends, hope you are well and welcome to the new trade setup of Marlin (POND) token.
On a weekly time frame chart, POND has formed bullish Garltey move.
Buy and sell targets:
Buy between: $0.0746 to $0.0443
Sell between: $0.1171 to $0.1621
Stop loss:
Below $0.0443, but there is also strong support at $0.062, therefore, in order to reduce the loss ratio, we can use this support as stop loss rather than using $0.0443.
Possible profit and loss ratio:
As per the above targets, this trade has a huge profit possibility of up to 265% , and loss possibility is 40.62%, but in order to reduce the loss ratio we can use the support of $0.062 as stop loss.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Malin Bullish Breakout (90% Possible Short-Term)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.
Namaste.
Marlin (POND) Moves Above Resistance (350%+ Possible)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 bulls are now in control.
With the bulls in control of the chart, we can see more green in the coming days.
This is not financial advice.
All the information shared here is for your learning/entertainment.
Thanks a lot for reading.
Namaste.
Marlin (POND) Support Line Action Leads To Growth!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.
You can look at the chart for additional information.
Here I am mapping two targets, yellow, and light blue for support.
Pretty exciting to see how this will all develop...
Thanks again for your continued support.
Stay tuned.
There will be more.
Namaste.
POND 150% COMING SOON ! Marlin is an open protocol that provides a high-performance programmable network infrastructure for DeFi and Web 3.0. The nodes in the Marlin network, called Metanodes, operate the MarlinVM which provides a virtual router interface for developers to deploy customized overlays and perform edge computations.
Notable overlays that can be built using MarlinVM include: * Low-latency block multicast to scale blockchains * Low-latency mempool sync for arbitrageurs * Mesh networks * Anonymity networks like mixnets * Device optimization and caching responses of API to Infura, Alchemy etc
Its native utility token POND is used for: * Running validator nodes on the network via staking * Making and voting on governance proposals to determine how network resources are allocated * Determining a set of network performance auditors and compensating users from an insurance fund in case of a SLA breach
Marlin aims to deliver on the promise of a decentralized web where applications secured via the blockchain are indistinguishable in terms of performance to users accustomed to Web 2.0.
Who Are the Founders of Marlin?
Marlin is the brainchild of developers Siddhartha, Prateesh and Roshan, all of whom have extensive experience in peer-to-peer networking.
Responsible for the development of Zilliqa, the first high-throughput blockchain to employ sharding in production, Siddhartha has had expexrience working at Microsoft and Adobe and is the author of the 2 US patents. Prateesh is a PhD candidate at the Massachusetts Institute of Technology (MIT) with a focus on Computer Networks and Roshan, an avid open-source enthusiast, was a contributor to the Boost C++ libraries.
The project employs former researchers at Ethereum Foundation, International Collegiate Programming Contest (ICPC) world medallists and developers with experience at Facebook, Cisco and Bosch. It counts the former CEO of Bittorrent and professors at MIT and Princeton amongst its advisors including authors of seminal P2P papers such as Chord DHT. Marlin is backed by the likes of Binance Labs, Electric Capital and Michael Arrington.
What Makes Marlin Unique?
Marlin is one of the few layer-0 projects focussed on network layer optimizations. Similar to Filecoin which is incentivized IPFS, Marlin claims to be the equivalent of an incentived libp2p. This makes Marlin ubiquitous in the decentralized web as any peer-to-peer application relies on networking between distributed nodes to function.
Marlin is thus blockchain-agnostic. It offers gateways built for several layer-1 as well as layer-2 platforms. Unlike several other scaling solutions which suffer from the scalability trilemma where either one of performance, decentralization or security is sacrificed, improvements in the network layer are not subject to such constraints which primarily govern consensus layers.
How Many Marlin Tokens Are There in Circulation?
There exist two tokens in the Marlin economy, MPOND and POND. MPOND has a total supply cap of 10,000 while POND is capped at 10,000,000,000. Conversion between the two tokens is facilitated via a bridge which returns 1,000,000 POND when sent 1 MPOND and vice-versa. Initially, 4,623 MPOND and 3,184,000,000 POND are created with POND primarily distributed amongst validators and the community. These numbers may vary over time due to conversions via the bridge. Every Marlin Metanode is required to stake MPOND and receives POND in the form of staking rewards.
How Is the Marlin Network Secured?
Built atop Ethereum, the correctness of execution of the Marlin smart contracts is protected by the network of Ethereum nodes.
In addition- * The Marlin network consisting of Metanodes risk having their staked MPOND and delegated POND being slashed if the network faces DDoS and spam attacks due to their failure to verify content that they introduce into the network. * Not unlike Proof-of-Work, the network uses tunable redundancy via erasure coding to ensure users receive performance and availability guarantees with the SLAs they demand and are proportionately charged for it. * A network of third-party auditors with probes across the globe, pre-approved by the Pond DAO, provide constant performance and coverage monitoring for applications that demand higher reliability. An insurance fund backed by the DAO is used to compensate users who incur a loss due to the network’s inability to meet its SLA guarantees.
How Can I Earn Marlin (POND)?
As a layer-0 project and true to its community ideals, MPOND is distributed amongst stakers of different layer-1 platform tokens via a mechanism called FlowMint. POND can thus be earned by converting such MPOND to POND via the bridge in addition to staking MPOND towards Marlin Metanodes which receive POND in staking rewards.
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.