Market & Ticker: Barn Bridge  – BOND/USDT 

Date: 19/10/2023 

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

Scenario:  

Barn Bridge (BOND) surged quick last past week after having challenged the oversold area set at 1,90 in our prior analysis. The Key support has been invalidated before the recovery however the picture remains valid in the long run. The technical structure is still showing a similar move potential to reproduce the raise observe in 2022 with a potential at 24.00. 
 
At the current price the potential of BOND stands at 5,20 and 7.00 maximum. On the near to mid-term basis 2,20 is acting as robust support to add in dip in the 2,70/3.00 in order to anticipate the recovery. 

Technical Key Elements: 

- Auto similar move potential shows target at 24 
- RSI indicator is above 50% (no bearish divergence) 
- The Moving average are support 
- Fibonacci key support is adjusted at 2,20  while the Elliot wave shows upside potential towards 5,20 and 7,00 

 
Trade Idea conclusion: Buy - Conviction: 

High

Target 2: 7,00 

Target 1: 5,20 

Buy: add in dip area 3,00/2,70 

Stop: 2,20 (Daily close) 

Chart: Daily Basis (Candle Stick) - Logarithmic  

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