Is this a massive head and shoulders $BONKIs this a massive head and shoulders forming on SEED_DONKEYDAN_MARKET_CAP:BONK , keep and eye on that one #cryptocurrency
BONKUSDT
BONK/USDT LOOKS READY FOR A 100% PUMP!!Hey everyone! If you find this analysis valuable, please consider giving it a thumbs up and following for more content.
BONK is forming a potential inverse head and shoulders pattern. A confirmed breakout above the neckline could signal a significant price increase.
Here's what to watch for:
Breakout Confirmation: A candle close above the neckline strengthens the bullish case.
Volume: Higher trading volume on the breakout can increase confidence in the signal.
Possible Entry & Targets :
Entry: $0.025-$0.028
Potential Targets: $0.034, $0.042, $0.048, $0.060
Stop-Loss: $0.022 (Consider risk management strategies and set a stop-loss that suits your risk tolerance.)
Let's discuss it!
What are your thoughts on BONK's current price action? Share your analysis in the comments below!
BONKUSD 2DBONK ~ 2D
#BONK It's interesting to pay attention to the AMEX:MEME season.
This is one of the interesting SPARKS:MEMES in 2D Chart.
if you are interested. make purchases after breaking through the resistance line of this pattern, or make purchases gradually within this pattern.
Last 48 hours for ascension. $WEN #WEN @whalest_ @wenwencoinHello everyone, friends. I know your last days have been full of stress. As you can see in the graph, there are hours left before your stress ends. If bitcoin does not shake the market, we are on the rise. Things will get better when we cross the yellow line. I hope everyone has their tickets and bags ready. I wish everyone a safe journey.
WARNING: This is not financial advice.
long BONKBonk bounced off the support level. Bullish movement is expected to continue and reach the next resistance level at $0.0003
BONK A Small UPDATE! I will keep updating the main post.This update can be wrong %100 . Please follow the main idea where I update regularly
Link below.
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*About the next leg up... it can start at the end of this month or summer hard to guess it at the moment. This idea can be right at both scenarios. 2 months sideway correction and pump in summer or Chill till the end of this month and April May bullish.
Be carefull not a financial advise.
BONKUSDT#BONK SEED_DONKEYDAN_MARKET_CAP:BONK token chart update: It has formed a bullish flag pattern. Breaking the resistance, it has confirmed the upward momentum. We may see a nice pump and rise upwards.
BONK/USD MEMECOIN READY TO DROP HARD!! SELL NOWThe Key factor to watch is bitcoin dominance , we see ETH/BTC pair as broken down which give the flow of liquidity to bitcoin! hence all the altcoin will dry up in liquidity which will make the price of those token drop and we seeing a similar thing when you look at the meme coin king
DOGECOIN
BONK CHART
Looks very similar to shiba inu, price which has already broke the wedge to downside so I expect to see something similar for bonk
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BONK - FAKE TRIANGLE PATTERN ! Be aware HAMSTERS 🐹!!!BONK is currently trading within a symmetrical triangle pattern on the 1-hour timeframe. This pattern is characterized by converging trendlines connecting a series of price highs and lows, creating a triangle shape. Symmetrical triangles are often considered continuation patterns, suggesting that the price is likely to break out in the direction of the prevailing trend.
Downward Breakout and Imbalance:
BONK has recently experienced a downward breakout from the symmetrical triangle pattern. This breakout suggests a potential shift in momentum towards the bearish side. However, it is important to note that false breakouts can occur, and further price action is needed to confirm the breakout's validity.
Unfilled Imbalance:
Within the symmetrical triangle pattern, there is an unfilled imbalance zone between $0.55 and $0.60. This imbalance represents a price area where there is a higher concentration of sell orders compared to buy orders. Imbalances can act as magnets, pulling the price towards them to fill the excess orders.
Potential Retest and Bullish Breakout:
Given the downward breakout and unfilled imbalance, two scenarios could unfold:
1. Retest of 0.5 Imbalance Level:
The price could retest the 0.5 Fibonacci retracement level of the imbalance, around $0.575. This retest could serve to shake out weak hands and accumulate liquidity before a potential reversal.
2. Breakout of Symmetrical Triangle:
If the price can hold above the 0.5 imbalance level and reclaim the symmetrical triangle pattern, it could signal a resumption of the uptrend. A potential target for the breakout would be the $0.70 resistance level.
Significance of False Breakouts:
False breakouts of symmetrical triangles are often considered bullish continuation patterns. This is because they can shake out weak hands and trap liquidity on the wrong side of the market, potentially fueling a subsequent breakout in the opposite direction.
Overall Outlook:
BONK's price action suggests a potential breakout from the symmetrical triangle pattern, with the possibility of a retest of the 0.5 imbalance level before a potential bullish continuation. While a downward breakout has occurred, false breakouts are common in this pattern, and further price action is needed for confirmation.
Bonk, Elliott Wave If you find this information inspiring/helpful, please consider a boost and follow!
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.
1000bonk short ideaAfter returning to the previous ceiling, bonk rejected just near the 0.618 fibo. Therefore, it is expected that it will first break the bottom of 0.025 and then pull back towards the last LH. In that area, we can have a short position with a stop a little higher than the last LH.
BONK longBONK broke through the major descending resistance line and the resistance level. Bullish movement is expected to reach the next resistance level.
BONK/USDT Break Alert! Potential back to upward after retesting!💎 Paradisers, the recent market dynamics surrounding #BONK have indeed been noteworthy.
💎 After encountering resistance in the recent trading sessions, BONK is now poised for a potential retest of the support level. This retracement is a common occurrence following a breakout of a descending resistance area. The indicator tool MACD is the golden cross which means the price will switch to the bullish.
💎 During this retest phase, it's crucial for BONK to bounce from the support level around 0.00227. A successful bounce would signal strength and readiness to attempt another breakout of the resistance.
💎 If BONK manages to break above this resistance level, it would signify a return to bullish sentiment, with potential for further upward movement towards our target strong resistance area.
💎 However, if BONK fails to bounce from the support area and instead breaks below it, the next likely stop is the Bullish OB area. Historically, BONK has demonstrated the ability to bounce back from this zone and reclaim support.
💎 Nevertheless, if BONK fails to find support even at the Bullish OB area, it would raise concerns about the bullish trend. A candle closing below the Bullish OB area could invalidate the bullish scenario, signaling potential further downward movement.
MyCryptoParadise
iFeel the success🌴
BONK ANALYSIS🚀#BONK Analysis :
🔮As we can see in the chart of #BONK that there is a formation Descending Channel.... currently #BONK is trading around its major resistance zone. Incase of successful breakout of resistance zone and pattern breakout...... we can expect 2-2.5x bullish wave in coming weeks📈📈
🔰Current Price: $0.00002057
🎯 Target Price: $0.00004266
⚡️What to do ?
👀Keep an eye on #BONK price action. We can trade according to the chart and make some profits⚡️⚡️
#BONK #Cryptocurrency #TechnicalAnalysis #DYOR
BONK2 a path to 8200% gains!Please see chart for details. These are the trades we generally share to the group privately.
#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
$BONK an interesting areaWe have an interesting area between the 60 daily EMA and the 5 weekly EMA which have already shown excellent support in these BTC drops. BTC has already bounced off the 5 weekly EMA and this can only create an advantage over everything else. High risk trade with 6x leverage, I will close the position if the week closes below the 10 EMA.
PEPE & BONK- Will they make headlines again?Without a doubt, BINANCE:PEPEUSDT and BINANCE:BONKUSDT are two of the most loved meme coins these days.
While I don't recommend trading them with scared money , there's certainly money to be made, especially given their technical nature.
In Pepe's case, as illustrated on the chart, there was over half a year of accumulation, forming what appears to be an inverted head and shoulders pattern. This pattern led to a significant surge in the coin's value, resulting in a new all-time high and a gain of around 13X in just three weeks.
Following this surge, there was a normal correction that halted precisely at the 50% Fibonacci retracement level. At this point, it's likely that the correction is over, and we could anticipate another upward movement.
Considering a similar rise in the future, we might expect another 10-fold increase.
BONK:
Had also a strong 5X rise at the end of February, followed by a correction after making the ATH that is nicely aligned with the horizontal support.
Also here the correction seems over and a new strong leg up could follow.
Keep in mind the nature of the coins and trade ONLY what you can afford to lose!!!
BONK BREAKOUT AND RETEST, BULLISH!BONK broke & retest the resistance trendline, and we expect the price to move up.
Buy when the price goes above 0.00027 level.
bonk SHORT Bonk bounced down off the descending trendline and the resistance level. A decline to the support level at 0.00002$ is expected to happen.
BONK CUP & HANDLE FORMATION FOR HUGE PROFITS!I can clearly see cup & handle formation in BONK at daily timeframe, which is bullish pattern. Here 0.00002 area is holding and is expected to move towards 0.00005 zone in few days.
BONK: Retest and Potential PUMP !BONK is a Solana-based meme coin that has been gaining popularity in recent weeks. The price of BONK has been on a tear, rising from $0.00000001 to $0.0000023 in a matter of days.
After reaching a high of $0.0000023, BONK experienced a pullback and retested the 4-hour upper resistance trend line. This retest could be a sign that BONK is ready for another leg up.
The AMD setup:
The Wyckoff Accumulation, Manipulation, and Distribution (AMD) setup is a popular technical analysis model that describes the three phases of a market cycle:
Accumulation: During this phase, large buyers accumulate tokens at low prices, often creating a bullish chart pattern.
Manipulation: In this phase, the price is manipulated to create the illusion of a strong uptrend, attracting retail buyers.
Distribution: In this phase, the large buyers sell their tokens at high prices, causing the price to dump.
The current BONK chart:
The current BONK chart shows that the price has been following the AMD setup.
Accumulation: The price accumulated in a horizontal range for several weeks.
Manipulation: The price broke out of the range and rallied sharply.
Distribution: The price pulled back and retested the upper resistance trend line.
Why this is a good time to buy:
Retest: The retest of the upper resistance trend line provides a good entry opportunity.
Volume: The volume is increasing, which is a sign of strength.
Social media hype: There is a lot of hype surrounding BONK on social media, which could provide additional fuel for the rally.
Conclusion:
BONK has been following the AMD setup and is currently retesting the upper resistance trend line. This could be a good time to buy in anticipation of another leg up. However, investors should always do their own research and exercise caution before investing in any cryptocurrency.
