BONKUSD trade ideas
BONK correction overBONK has appeared to have broken out of it's downward parallel structure on the 1 HR Chart and may have a bullish crossover on the cm_macd_ult_mtf . Be careful there might be a retest on the parallel structure and watch out for Resistance and be mindful this is a volatile asset on the 1 HR timeframe.
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BONKUSD going at least x10 from here!Bonk (BONKUSD) just formed a Golden Cross on the 1D time-frame and having broken above its current ATH Resistance (March 04 High), it is expected to rise parabolically from here.
To back this up, that is exactly what took place after the previous 1D Golden Cross a year ago (November 08 2023), when again the price broke above Resistance 1 and turned parabolic to the 3.0 Fibonacci extension, completing a +20200% rise from its bottom.
If a new +20200% rise seems unrealistic to you (it would however form a perfect Higher High at the top of the long-term Channel Up), then you can target the 3.0 Fibonacci extension at $0.0006650, which represents a +1100% rise from the current levels. A x10 opportunity indeed.
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BONKUSD 1D: Looing like reversing and possible breakoutAs above.
Looks like hit local bottom at 0.000018 and price action looking for possible pump but need to break out out of 0.000025 resistance to confirm. 1D MACD trending back up to zero line as well.
Possible targets if bullish trend confirmed are 0.000034 to 0.00004.
Will follow.
Good luck traders!