PONDUSDT trade ideas
POND breaking outPOND is a crypto of Marlin protocol providing a high-performance programmable network infrastructure for DeFi and Web 3.0. Like other Web 3.0 cryptos, POND has well performed recently.
After losing 95% of value form its ATH, it has consolidated in a Darvas box since 2 months and a half.
High volume trades have been realized and pushed the price to go up. The MA 50W was broken and the Darvas box is likely to be as well.
I'm using Fib-retracement to highlight the major levels of POND if the new trend is up.
Here is the referenced setup for this trade:
Entry when there is a 1D candle closing out of the Darvas box and above the Fib 0.236 level, i.e $0.01543. One could also enter when the Darvas box is broken, i.e prices closing above $0.0144.
SL below the red line, $0.0088
Darvas box pattern is invalidated when there is a 1D candle falling and closing inside the box (after breakout). The trade must be stopped in this case.
Marlin POND - Very bullish pattern! +150% in few days + Triangle
This altcoins has an amazing trade setup for bulls!
On the daily chart we can see an ascending triangle, the most bullish chart pattern and we are close to a breakout.
As per my Elliott waves analysis, the impulse (5-3-5-3-5) has been completed, so we can expect an ABC retracement now.
On the log scale the price is printing an descending channel and this is a nice profit target for our trade.
This will be a quick trade that can take just a few days.
You can buy a breakout above the triangle, If you want to increase the probability of success.
Look at my ideas about interesting altcoins in the related section down below ↓
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PONDUSDT BUTTERFLY PATTERNThe Butterfly Pattern is a distinct 5-point extension structure that was discovered by Bryce Gilmore and further defined by Scott Carney. It has specific Fibonacci measurements for each point within its structure and it is important to note that D is not a point, but rather a zone in which price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA leg lies at 0.786 and the PRZ consists of 3 converging harmonic levels: 1) 1.27 extension of the primary XA leg, 2) AB=CD pattern, either equivalent or 1.27 and 3) Extreme BC projection of 2.00, 2.24 or 2.618.
The first target would be the 382 retracement of AD and the second target the 618 retracement of AD. Common stop levels lie behind the next structure level after the D point or the 1.41 extension of XA. Conservative traders look for additional confirmation.
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pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
pond usdt falling wedge breakout will be huge
$POND #POND Chart ExpectationPond is a Layer 0 protocol which operates for a few years now. We already had Layer 1 and 2 booms in the past (Some are still ongoing) and I think Pond has good papers to be on top of the next narrative, layer 0. From a fundamental perspective it's bullish , also the marketcap makes it attractive as a investment.
At the moment Pond is facing some resistance at the channel bottom, tries to go in again.
Midterm targets have been given (blue marked), it's up to you what kind of play it becomes (short,mid or longterm).
Happy trading...
🆓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