ScalpA great scalp position, given that we are in a strong uptrend and corrective wave analysis we can expect to return to the green zone.
BONKUSD trade ideas
ScalpA great scalp position, given that we are in a strong uptrend and corrective wave analysis we can expect to return to the green zone.
Bonk Coin's Falling Wedge: Echoes of Doge's Past?CRYPTO:BONKUSD CRYPTO:DOGEUSD
Bonk Coin, a new player in the meme coin arena, exhibits a falling wedge pattern on its chart, mirroring a formation seen in Dogecoin before its monumental rise at a similar market cap stage in early 2021. The falling wedge, often a bullish signal, suggests a compression of price and potential for a breakout.
The resemblance to Dogecoin's setup at the $700 million market cap level implies that Bonk Coin could be at a pivotal point. If history rhymes, a breakout from the wedge could mark the beginning of a significant upward trend.
The falling wedge in Bonk Coin's chart invites comparisons to Dogecoin's pre-rally phase, hinting at a possible breakout. Traders who draw parallels to Dogecoin's past may watch for a similar trajectory, keeping the meme coin's inherently speculative nature in mind.
Disclaimer:
This brief analysis is for informational purposes, drawing parallels for market reflection, not prediction or financial advice. Meme coins are highly volatile and influenced by market sentiment. CRYPTO:SOLUSD
$Bonk crabbing it's way to upsideBonk on a smaller time frame expecting a small retracement at 0.12 ⁵ , then to 0.15 ⁵
Possible Inverse Head and Shoulders with big upside potential. BONK BONKUSD when viewed on the 3 hour chart which is two hours after open, we see a possible 50 MA cross of the 200 MA. Oscillators and technicals support this move IMO along with volume spikes at key levels. May have to be a short squeeze to make it happen. DYOR NFA
BONKUSD BONK Bullish Divergence of a Descending Broadening WedgeBullish Divergence beginning on the 1hr chart that is part of a larger Descending Widening Wedge Pattern. Volume spikes at the upper and lower trend lines as buyers try to reverse the trend and sellers becoming exhausted. A measured move above the upper trendline targets the 2.618 Fib and brings the price to ~ 00001190, a long-term support and resistance. If price holds, it may be a continuation of Bullish momentum leading to a breakout of the larger channel. NFA/DYOR
$BONK Descending Broadening WedgeA measured move to the upside is confluent with previous support and resistance. Like the pattern describes, volume has increased with touches at the top and bottom trend lines.
$BONK, Ready for new Lows 🤯 📉$BONK falling off a cliff and heading for $0.00000800 great buying opportunity 🤑
Target = $0.000008
Probability = 70 - 80%
** CRYPTOCAP:BTC MUST BREAK BELOW $41,100 and or CRYPTOCAP:SOL continues to feel Sell pressure by overall bearish market sentiment.
- Will be monitoring and provide updates as I see confirmation 🧐 📝
BONK on Higher TimeframesRespect how clean this correction on $BONK is, so far.
62% fib retracement. Impressive for a meme.
But I'm not convinced its finished trending down on higher timeframes.
Invalidation of downtrend above ~.000021 BONKUSD
(approximate level- technicals are iffy on memes).
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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Urgent Warning for Bonk Bearish triangle. Retest!!! Sorry this chart was urgent so excuse the sloppiness. Bearish Triangle pattern forming will retest the channel, if yellow arrow breaks orange support (not drawn all the way out), it could get real ugly nasty! Best case: true double bottom! They wanna bring that RSI down on the daily. This is 45 here fyi.
Bork out!
$BONK (((NEW LOWS))) ?? 🤯📉Looks like we are heading lower:
Probability = High
Target = $0.00000712 - 730
$BONK to 0.0000007777$BONK !!!
If You Know Then You KNOB
$BONK to 0.0000007777
Good confluence with a weird wedge breakout and some fibs
$BONK is the CRYPTOCAP:SOL meme this cycle
BONK Token's Breakout or Fakeout? A Technical Trader's InsightBias: Neutral-Bullish
Description: BONK token's chart indicates a consolidation pattern forming, with potential bullish divergence noted on the RSI. The price is hugging the SMA (24), suggesting indecision but with possible upside if supported by volume.
Direction: Potential Upward (Conditional)
Entry: Consider entry on a confirmed breakout above the recent downtrend line, accompanied by increased volume, for validation.
Stop Loss: A tight stop loss could be positioned below the most recent lower support level to mitigate risk.
Targets: Conservative targets could be set at incremental resistance levels, with an optimistic target aiming for previous highs.
Caution: This setup requires confirmation due to the token's current consolidation. Keep an eye on market sentiment and news that could affect BONK's price action. Monitor closely for any sign of trend reversal, and be ready to adjust the plan accordingly.
BONK Price Faces a Correction Or A Potential for Reversal?Current State: BONK price is undergoing a significant pullback, hinting at a deeper correction phase. Struggling below $0.000015, it reflects a weakening bullish grip.
Key Support Levels: Despite the downturn, BONK finds support at the 200 EMA in the 4-hour chart, suggesting a potential rebound.
Death Cross Concerns: The rapid decline has raised concerns of a looming death cross in the 4-hour chart as the 50 EMA declines.
Recent Performance: BONK experienced a sharp drop this week, undercutting the $0.000015 level and retesting the 200 EMA.
Potential for Recovery: Despite the recent fall, the historical bull run and overall market optimism fuel hopes for BONK's recovery.
Technical Scenario: Currently, BONK shows signs of a fightback, rebounding above $0.000015. However, the loss of the 61.80% Fibonacci level turns it into a resistance challenge.
Intraday Dynamics: Trading at $0.0000155 with a 4.84% intraday increase, BONK shows potential for a strong reversal, indicated by a morning star pattern in the daily chart.
Future Prospects: If BONK sustains above $0.000015, it could retest previous highs. Fibonacci retracement levels in the 4-hour timeframe highlight key resistance zones.
Technical Indicators:
MACD: A positive crossover in the daily chart supports a bullish reversal.
Fibonacci Levels: Highlight crucial resistance zones for BONK.
Outlook: If BONK maintains above the critical $0.000015 level, it might aim for $0.000035, especially with the New Year rally approaching.
Downside Risks: However, the threat of a death cross in the 4-hour chart could intensify the downside risk, possibly pushing BONK towards $0.000010.
Demand Zone $ Discount TIME!View yellow color prices to the scale on the right. POC volume zone means it’s reached that destination plenty of times and is a potential zone.
Yellow lines are volume buy and sell zones. Kind of like order blocks but not.
$$SMART MONEY BULLISH CONTRACTION$$Bonk has created a bullish contraction from the beginning & matches Bitcoins right from the start.
There’s a volatility contraction
Finally Bonk is available and best of all, the BULL market is around the corner. Smart money and all traders including me are taking advantage right from demand.
Yes, you heard me right; up to 0.01 cents. Not sure where! Bonk has no structure. It’s so new. Bonk will be 110% better than Shiba-Inu.
As always I don’t care or pay attention to the news or price predictions, it’s all bogus. No such thing as WIZARDS. lol
(Prior in my olden days I payed attention to the news and price predictions and I lost it all.)
I know now more than ever and still learning and take facts into consideration along with my algorithm.
Doge started from the zeros and went up past 0.73 cents and it was supposed to be a joke coin. How much better will BONK be.
I’ve decided to follow the whales.
This coin will have plenty of ups and downs while on its way to the huge Highs.
No financial advice.
$BONK New Lows Incoming 📉$BONK facing weakness for the past few
days due to Solana pullback and may
be reaching new All Time Lows / ATL's
Expect a break below $0.00001500 and consolidation with little short term
price action. We will have to see CRYPTOCAP:SOL
reverse and create a bullish divergence
with strong momentum to the upside before we see $BONK back in action.
I will be updating if i see any changes.
BONK Tokens and SOL Phones: Why the Surge in Solana?The tl;dr of the recent surge in CRYPTOCAP:SOL and $BONK is the Solana Phone Rebate - the potential for buyers to make more money than the initial asking price of $599. Once the token drop of 30M that came with each purchase exceeded the cost of the phone itself, it created a frenzy that has driven the price of both coins at once.
The question is - will it last? Solana developers and core team members were airdropped enough tokens to make potentially millions if they manage to sell off at the right moment. This would be your classic rug-pull strategy, which the project is already known for due to past scandals. Or will things be different this time? Time will tell. 👀
$BONK bullish???If this does not break back down into the channel. We could be seeing .0004 in the coming weeks.
bonk long ideai see $bonk showing signs of bullish continuation here on the price chart while the market cap and volume continue to increase after its coinbase debut
$BONK🦁 30 Min TF 📉Looking at $BONK it is very likely to continue in its downward trajectory towards
$0.00001635 - $0.00001620 possibly lower. The recent Bitcoin pump helped create some short lived bullish momentum but not enough to continue a steady climb towards & through the previous resistance of $0.00002480 - 2490.
Expect more pressure from the Bears 🐻 📉
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