BONK → a valuable coin!hello guys...
Bonk is Solana's social layer and community meme coin with deep integrations as a utility token across a wide base of applications and protocols within the web3 ecosystem. We aim to achieve this by expanding our growing list of integrations.
bonk is bullish, why?!
1- it made an ascending channel!
2- it made a head and shoulders pattern!
3- it made another short time frame ascending channel too!
targets will be:
1-0.000054
2-0.000072
3-0.000103
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Bonkusd
$BONK / USDT: Bullish trading plan, x10-x20 potentialWhat is SEED_DONKEYDAN_MARKET_CAP:BONK ?
SEED_DONKEYDAN_MARKET_CAP:BONK is a Solana-based meme coin that aims to serve as the “community coin of Solana,” according to its whitepaper.
Facts
- SEED_DONKEYDAN_MARKET_CAP:BONK is available on Binance and all major DEXs, such as Binance and Coinbase, for example. It holds the top position among coins on Solana and is managed by an anonymous team.
- Market Capitalization: $1,582.10M
- Circulating Supply: 63,823,117,391,692 BONK
- Maximum Supply: 93,082,000,358,974 BONK
- SEED_DONKEYDAN_MARKET_CAP:BONK boasts over 700,000 holders, with one whale owning 10% of the tokens.
These numbers suggest that SEED_DONKEYDAN_MARKET_CAP:BONK is undervalued compared to SEED_DONKEYDAN_MARKET_CAP:FLOKI , CRYPTOCAP:SHIB , or $PEPE. It is listed on all major exchanges, including Coinbase (where CRYPTOCAP:PEPE is not).
Analysis
Despite its unattractive design and limited popularity as a meme on Twitter, I remain bullish on SEED_DONKEYDAN_MARKET_CAP:BONK for several reasons:
1- SEED_DONKEYDAN_MARKET_CAP:BONK experienced an explosive rise to $0.000095 before undergoing a correction.
2- The price has now touched the 0.5 Fibonacci retracement line and entered the golden channel
3- Fibonacci retracement zone, indicating the end of the correction.
4- Fibonacci extension suggests a surge to the following target prices:
TP1: $0.00002940
TP2: $0.00003030
TP3: $0.00003190
Conclusion
Barring a black swan event (with rug pulling being the main risk in the meme coin space), this coin should perform well throughout this bull market, potentially offering a x10-x20 return on investment.
This is not an investment advice, DYOR. Also zoom in to see the details of the Fibonacci.
Post your profits in the comments!
BONK / USDT Trading strategy update v2After the success of the last trading strategy published about SEED_DONKEYDAN_MARKET_CAP:BONK , here is an updated one.
I am trading myself, so I am conducting this research personally and sharing it with you. I can be wrong, so always do your own research (DYOR).
We just got a nice pump from CRYPTOCAP:BTC , resulting in a 20% pump for some coins. SEED_DONKEYDAN_MARKET_CAP:BONK was one of them.
What did we learn?
SEED_DONKEYDAN_MARKET_CAP:BONK is a very reactive coin; you can make 2% in 15 minutes or lose it.
SEED_DONKEYDAN_MARKET_CAP:BONK lagged behind CRYPTOCAP:PEPE ; it seems that many people sold CRYPTOCAP:PEPE at its peak and then purchased $BONK.
SEED_DONKEYDAN_MARKET_CAP:BONK is very liquid, making it great for market buy/sell sniping. You can buy or sell $100k worth without it being noticeable (try doing that with a smaller coin!).
SEED_DONKEYDAN_MARKET_CAP:BONK is heavily washed. For example, I had a $150k trade to sell, and it blocked SEED_DONKEYDAN_MARKET_CAP:BONK at the same price for 10 minutes. Apparently, at that time, I was a block. This means that most trades are done by bots. But who cares? Binance does this with some coins they like or hold a lot of.
SEED_DONKEYDAN_MARKET_CAP:BONK can retrace 74% from a pump, so be careful not to hold after a pump.
What can we expect now?
I assume that we have all sold at the top; it is the right thing to do. Now we will have a pullback, as all the coins will. SEED_DONKEYDAN_MARKET_CAP:BONK could be hit hard.
On the chart is my expectation: first, a pullback to the support/neckline of the head and shoulders formation, then a pump to the upside, with the targets being 3030/3361/3815.
Anything can happen, so be careful with your money.
#BONK went up 137X versus Shiba Inu. And will likely flip it!But what if you hold #Shib and are looking at this chart? and want to dump one dog coin for the hot one.
FoMoing now could be disastrous.
Maybe there is a chance of a pullback in this ratio
to 1:1
if that occurs, It could provide an opportunity to rotate.
BONKUSD Major bullish breakout happening.Bonk is on the strongest 1W candle since February 26th 2024, with the 1W RSI having completed a bullish cross over its MA level the previous week. We are practically on the same symmetric bullish wave as then. Our target remains intact on the 1.236 Fibonacci extension (TP = 0.0000650).
See how our prior idea has worked out:
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#BONK/USDT#BONK
The price is moving in a bearish channel on the 12-hour frame and is largely sticking to it
We have a support area at the lower border of the channel at 2.20, from which it is expected to bounce due to its strength
We have a trend to hold above the Moving Average 100, which is strong support for the rise
We have very strong oversold resistance on the RSI indicator to support the rise with a strong uptrend
Entry price is 0.00002300
The first goal is 0.00002958
The second goal is 0.00003345
The third goal is 0.00003767
1000bonkusdtOn BonkUSDT, a head and shoulder pattern is clearly visible.
There are two ways to play this breakout: first, look for the volume for a long.
The second trade is a fake breakout, and these are typically more successful than true breakouts.
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Giving up a pretty decent Elliott Wave pattern here,
but this pattern can be a bit tricky.
So watching how it plays out can be one way to potentially gain some clarity and the next move.
If it breaks down I would be looking for it to fall into the 50% and depending on how the waves print, looking for a potential long.
If it breaks up, would try and play the retrace.
BONKUSD: Crossed above the 1D MA50. Strong buy.Bonk turned bullish again on its 1D technica outlook as the rebound that started on the 1D MA200, crossed yesterday over the 1D MA50 after two weeks. Since the underlying pattern is a Channel Up, we consider this the bullish confirmation that this move is the new bullish wave. The previous peaked on the 1.236 Fibonacci extension. We will pursue that very same Fib target (TP = 0.0000650).
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#BONK/USDT#BONK
The price is moving in a symmetrical triangle on the 4-hour frame and we have a support area in green at the level of 0.00002600.
We have a higher stability moving average of 100
We have a breakout of the triangle up and a retest
Our RSI indicator has a downtrend that is about to break higher
Entry price is 0.00003296
The first goal is 0.00003883
The second goal is 0.00004365
The third goal is 0.00005121
#1000BONK/USDT#1000BONK
The price is moving in an upward channel on a 4-hour frame and we have a support area in green at the level of the lower border of the channel at the price of 0.02200.
We have a trend to rise above the Moving Average 100 after breaking it down
The RSI indicator has a downtrend that is expected to be retested
Entry price is 0.02350
The first target is 0.02550
The second target is 0.03000
The third goal is 0.03600
$BONK an interesting areaWe have an interesting area between the 60 daily EMA and the 5 weekly EMA which have already shown excellent support in these BTC drops. BTC has already bounced off the 5 weekly EMA and this can only create an advantage over everything else. High risk trade with 6x leverage, I will close the position if the week closes below the 10 EMA.
BONKUSD broke out and is targeting 0.00045BONK (BONKUSD) broke above its December 15 2023 High and as it has turned the 1D MA50 (blue trend-line) into Support following the Falling Wedge break-out, it is now aiming for a new High. Based on the 1D RSI price action, we might be at a post accumulation rally as in early November. That rally peaked marginally below the 3.0 Fibonacci extension from the start of the previous Falling Wedge. The new 3.0 Fib extension is at 0.00045 and that is our target.
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BONKUSD Appears to b ready to trigger the double bottom breakoutTwo potential channels here to consider on this double bottom breakout on BONKUSD (of which its possible for both to be valid). We will see soon enough if both targets get hit. Based on the current overall bull cycle I’d say probability is high they are both hit *not financial advice*