I’ve been buying at $PONS these past few days, repeatedly catching pullbacks to go long. This token is indeed very strong—it has been consolidating around above 0.6.
From the daily chart, it’s forming an ascending wedge pattern, with both the top and bottom gradually rising.
On the 4-hour timeframe, at this position the bottom is also gradually rising, and it has formed five bottoms. So as long as the key level 0.6 is not broken, I think there will be another upward push here, and the price will likely move within a range around 0.8 to 0.9. Then, it may start a larger-scale downward move; the process might be a bit grindy.
If you’re interested, you can buy at 0.635 with one lot.
From the daily chart, it’s forming an ascending wedge pattern, with both the top and bottom gradually rising.
On the 4-hour timeframe, at this position the bottom is also gradually rising, and it has formed five bottoms. So as long as the key level 0.6 is not broken, I think there will be another upward push here, and the price will likely move within a range around 0.8 to 0.9. Then, it may start a larger-scale downward move; the process might be a bit grindy.
If you’re interested, you can buy at 0.635 with one lot.
