Pondusd
GBP/USD sell or buy?In this analysis, first of all we draw trend lines and support and resistance zones, then we track the ponds price which is at the level of the support zone(A) and also is at the floor of the trend Line(Y).
So in this case I draw falling trend line(x) which is weaker than trend line(Y) and use it as a guidance.
scenario A : If the closed price breaks up the trend (X) with a full body candle, it is more likely to see an uptrend to resistance zone(B). (BUY)
scenario B : If the closed price breaks down the trend (Y) and support zone(A) with a full body candle, it is more likely to see a down trend to support zone(C). Also if you look at the chart carefully, a head and shoulder pattern can be seen. Because head and shoulders are reversal patterns and it formed in the resistance zone(B), if the price breaks down the neck line we can expect to see scenario B more than scenario A. (SELL)
Caution : This is not a buy or sell signal and all of the risks of trading this idea is on your own.
POND - 0.659POND is currently trading above the support of $0.149 and is targeting the resistance zone at $0.179. If it can flip this resistance to support by closing a few daily candles above, we could start seeing a move towards $0.216, $0.262, $0.338, $0.461, $0.584 and $0.659. Failure to break the resistance at $0.179 could lead to a drop towards $0.149 and $0.140.
PONDBTC LONG NOW 10X $POND is getting listed in binance this month , make sure its in your portfolio
The PUMP is immanent
analysis gbpusd#102
Purchase range: 1.33183
Targets: 1.33586- 1.33989- 1.34392
Stop loss The first goal: the profit to loss ratio is 1: 1 (1.32780)
If the first target is touched (close one third of trades)
Stop Losses Second and Third Objectives: 1.33183(Entry Range)
, If the second target is touched (close another third of trades)
And if the third target is touched (close the deal