1000 BONK - UPTREND!!!About Bonk
What Is Bonk (BONK)?
According to the one-pager, BONK is the first dog-themed coin on Solana "for the people, by the people" with 50% of the total supply of the cryptocurrency airdropped to the Solana community. BONK is similar to Shiba Inu (SHIB) and Dogecoin (DOGE) memecoins, it was launched on December 25, 2022, and led to an increase in the price of the SOL token (a rise of 34% in 48 hours). Trading began on December 30, 2022, arousing genuine interest from the crypto community.
The main goal of the team is to bring back liquidity to Solana-based decentralized exchanges (DEXs). The idea of the developers was to create a full-fledged community coin that will be used across all the dApps built on Solana, and each user will have the opportunity to become part of the ecosystem, "where everyone gets a fair shot".
BONK was airdropped randomly to Solana NFT collectors, developers, and artists, other airdrop details remain unknown. Currently, the project has a small digital footprint on the Internet, except for an active twitter account.
Ewavecorrection
S&P500 turned bullish A good trader has to adopt for the change in trading environment.
the so long correction in s&p500 index is in a wedge shaped and now broke-out with 5 waves.
the 1st confirmation for bullishness (formation of wave''E'') is set as this BO (5waves)exceeded 62% of wave 'D'.
wait for 2nd confirmation ,a pullback up to 38% of new wave 'A '(4455)this week (FED int rate will be a surprise),buy above 4640 (3rd confirmation)
IF all set, the S&P500 rocket will climb to reach its targets (4930,5400)during this earning season
BTC final wave till correction complete...Based on the chart, and fractals observed thru out this correction - and using a ratio analysis of both price action and time....i believe there is a high probability to see BTC reach a lower low.
Based on the chart pattern and elliot wave count, i think the "e wave" is where we are within this cycle down, and that means correction is nearly complete. But it will not be done until the bottom is tested once more, maybe only momentarily touching down as low as $7800 on or around Feb 1 - 2nd. Or just about another 5 days or so.
Then the bulls will be back to lead the charge onwards and upwards to new higher highs.
history has this way of repeating itself, and after "major" corrections, or sell offs centered on FUD - we see the market come alive and buy like there is no tomorrow.
Look for Volume to decrease as this last wave finishes. After all the sellers exit the market, we will need to see a trend reversal where BTC is once again in a dominant MCAP by percentage vs the ALT coins. So increased volume is to be expected as the PRICE begins to impulse up. AS PRICE moves = Volume will also follow.