BOND showing signs of revovery above key support at 1,90

BOND

MARKET_MINDS

BULLISH

Market & Ticker: Barn Bridge – BOND/USDT 

 

 

Date: 28/08/2023 
 


Horizon / Timing:  Tactical Mid-term / 1 to 3 months 
 
 
 

Scenario:  

 

Barn Bridge (BOND) os showing signs of recovery while RSI indicator is bouncing off oversold area- this configuration is common before strong recovery move ! 
At the current price the potential of BOND stands at 3,00 and 4,28 maximum. On the near to mid-term basis 1,90 is acting as robust support to add in dip in the 2,20/2,30 in order to anticipate the recovery. 

 

Technical Key Elements: 

- Auto similar move potential shows target at 4,28 
- RSI indicator is bouncing off oversold area with strong momentul 
- The Moving average are still resistance 
- Fibonacci key support is adjusted at 1,90 while the Elliot wave shows upside potential towards 3,00 and 4,28 

 
Trade Idea conclusion:  Buy - Conviction:

 

:médaille:
:médaille:
Medium

 

Target 2: 4,28 

Target 1: 3,00 

Buy: add in dip area 2,30 

Stop: 1,90 (Daily close) 

 

 

Chart: Daily Basis (Candle Stick) - Logarithmic  

Indicators: Exponential Moving Average (21/34/89) - RSI (21) 

 

 

 

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