Bonkusd
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*
BONK: PEPE, I'm coming home to you!Explaining the idea of why I expect BONK to fall further.
Trend : LH's and LL's, peaks getting lower and lower, tapping into the floor of 0.00001
Volume peaks : I've marked the peaks with a red "X" both on the price chart and volume.
Decreasing volume : Every time a peak has been made, volume as fallen, and so has price. See the red arrows on price and volume.
I'm expecting this to be the case now too.
Eventually breaking the floor of 0.00001 and falling to around 0.000005. That's about a 60% drop from current prices.
Bonk is ready to go higher (500% profit)Bonk is in extremely huge bull market, as you can see on the chart. I expect another pump because market never ends its uptrend in such way. We want to see a bearish divergence on the weekly chart first. if you buy now, a 500% Profit is really likely. We need to complete wave (5) to finish this uptrend. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
Nearly half of the total supply, i.e. 50 trillion coins, is distributed among those who maintain the Solana blockchain and contribute to the development of the community in any way possible. According to Orca, a DEX built on top of the Solana blockchain, the airdrop resulted in approximately $20 million in trading volume. Since $BONK was listed across a number of popular crypto exchanges on December 30, 2022, the token has grown by over 2,000% in a week.
Some projects built on Solana have already integrated $BONK as an option to make payments for NFTs, while others have provided users with the opportunity to earn BONK tokens for staking NFTs. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Thank you, and I wish you successful trades!
BONK COIN PRICE ANALYSIS AND NEXT POSSIBLE MOVES!!SEED_DONKEYDAN_MARKET_CAP:BONK Coin Update !!
• Technically for short term price look in overbought zone on 4h &1D Chart.
• Future short trade setup possible with tight SL🚫
Current local resistance is 0.00001367 and strong resistance is clearly mentioned on a chart
BONK Some targetBONK is slowly moving and accumulating below main trendline. I set some target for buying, but in order to buy the actual support at 0.000099 must hold. We need to see a break and retest of main trend before pumping. My first target is the resistance area around 0.000023 (more than 100% of profit) and second big target in bull run will be 0.00004 (more than 300%)
BONKUSD: More downside now but buy opportunity on the 1D MA200.Bonk is pivoting around the 1D MA50, on a neutral RSI = 47.450. Only a 1D MACD Bullish Cross constitutes a buy signal and we expect that to be near the 1D MA200 and the 0.382 Fibonacci level. We will buy once those conditions are fulfilled and target the -0.382 Fibonacci extension (TP = 0.000260), a +6.100% rise like the one from November to mid December.
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Bearish signs on BONKAfter so many highs, BONK is falling.
Why is this drop different from the previous series?
1- According to rumors, it seems that FTX has liquidated or is liquidating a large amount of its altcoins.
2- It is possible to start a bear market not only for BONK but also for the crypto market for 2 months.
I marked 3 confirmations on the chart. First of all, the downward momentum is also very high.
1- The first confirmation is the stabilization below the KEY LEVEL in daily time
2- The second confirmation is the failure of the TREND LINE
3- The third confirmation is the creation of a bearish CH
In general, the symbol that has risen this much is risky and should be taken care of
In any case, your positions should not be based on FOMO and you should take a position or buy and sell your assets by carefully checking the chart.
Bonk still stuck below 1.272 Fibonacci ResistanceBonk has remained below Fibonacci extension level since Dec.8, showing little to no signs of life.
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BONK H&S 1000BONK UPDATE: 1000BONK created inverse head and shoulders pattern on 4hrs TF….. The neckline is currently serving as a major resistance but I’m looking into two scenarios here…
First scenario: I will patiently wait for breakout from the neckline and take a limb from there after retest of the neckline
Second scenario: I will wait for a pullback from here and take a long from 1hr TF unmitigated bullish OB around 0.004395 and long from there to previous swing high….
Follow for more market update
BONK, ONE LAST CALL before it flies again...BONK just gave everyone another chance by going back to 78.6 FIB LEVEL, a very rare opportunity to come back to this level.
IT'S A SALE week for this coin.
Expect some significant bounce from here on.
Spotted at 0.000000600
TAYOR
safeguard capital, always.
BONK BOINK BOUNCE (soon).... an update from the first post:An update from my initial post of BONK from March 30, 2023:
Looks like we have a confluence of confirmation now -- and clarity of direction should be a no brainer.
ON weekly we have a massive net buying accumulation at 1.4T bonks traded (in addition to March 20's 3.67T bonks traded) -- cementing a good base support for a reversal to the upside.
March seems to be an 'accumulation' month -- so it appears.
Expect a continuation of ascend further up from here.
We're up by +16% so far from the lastpost.
SEEDED AT 0.0000005656.
Last post from March 30 2023: