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:
 | | 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)
