POND 25.12.2021 - Long

People are talking about Web3 coins so much, so I decided to take a look at some Web3 coins that they said it is potential in the next couple of months.
Let's analyze pair POND/USDT.

• Firstly, on RSI indicator we can easily see the divergence compare with price line on the chart (price is going sideway but RSI is increasing)
  
• Secondly, it just breaks out down trend by using trend indicator PSAR.
  
• About target, we could see that if we open Long position now, it could be a good position because it is very near the last support key level by using Fibonacci Retracement, so the target will be next level on Fibonacci indicator which means 0.86
  

Conclusion: Open Long position there.
- Entry: 0.66-0.68
- Target: 0.86

İşlem kapandı: hedefe ulaştı