Bonfida Is About To Break Another Triangle Soon | FIDA Price Prediction 2022

Hi friends hope you are well, and welcome to the new update on Bonida.

On a weekly time frame Bonfida is once again rejected by the resistance of a big down channel and a key resistance of $0.60, an in order to make any big move Fida needs to breakout these resistance levels soon.

On a daily time frame, Bonfida has broken down a symmetrical triangle but this breakdown is not supported by the volume.

On a 4-hr time frame, Fida has formed another symmetrical triangle, and if Fida breaks out this triangle then it can re-enter the bigger triangle which has been formed on the daily time frame and after breaking out the bigger triangle it can break the big channel, which has been formed on a weekly time frame.

For a detailed analysis, you can also watch the video.