BONK Inverse H&S BONK with a textbook bullish inverse Head and Shoulders reversal pattern on the daily charts. Alt coins are setting up nicely for another leg higher.
BONKWPOL_88EB11.USD trade ideas
BONK likely to double stillupdate on Bonk
It is progressing extremely well
maybe it flips #WIF
Than WIF goes on a run...
Either way plenty of upside left for Bonk on the near term.
#inverseheadandshoulders
#BONK went up 137X versus Shiba Inu. And will likely flip it!But what if you hold #Shib and are looking at this chart? and want to dump one dog coin for the hot one.
FoMoing now could be disastrous.
Maybe there is a chance of a pullback in this ratio
to 1:1
if that occurs, It could provide an opportunity to rotate.
BONKUSD Major bullish breakout happening.Bonk is on the strongest 1W candle since February 26th 2024, with the 1W RSI having completed a bullish cross over its MA level the previous week. We are practically on the same symmetric bullish wave as then. Our target remains intact on the 1.236 Fibonacci extension (TP = 0.0000650).
See how our prior idea has worked out:
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BONK Long DCA 4.7:1 RRDivergence on all exchange volume played out as expected causing a retracement here.
Looking for a long entry down towards the upward trend line of the large ascending triangle pushing up to the 2940 level.
Setting buys for DCA at 2600. 2500. 2400, 2300 looking for an average entry around the pocket between 0.5 and 0.68 Fib level of the last run up.
Target 1: 0.00003700
Target 0.00004667
RR: 4.7:1
SL 2070, or more aggressive under the support at 2250
BONK - Trade setupTechically speaking, BONK is one of the most bullish charts I am looking at, again just my persepctive. We are close to all time highs, and memecoins continue to be leading the market when Bitcoin recovers. We’ve see PEPE be a big winner this week as well.
Below are some thoughts on BONK using Fibonacci analysis.
Bullish scenario
BONK needs to get above the 0.618 ‘golden-ratio’ fib for this technical setup to be valid to begin with. From there the next targets is the previous high, the 1.212 fib and the 1.618 fib. From current prices, the upper target is an ~100% move.
Bearish scenario
A breakdown from here and making a new local low would be a bearish move, that could take some time to recover in my opinion.
BONK.usd eyes on 349k: possible top and "lower high"This is a follow up to my previous Top Call (click)
We topped exactly where expected per the last plot above.
Retrace and bounce were plotted in updates to above idea.
We are now at a proven Golden fib that might end our bounce.
BONK.usd heads up at 1345: Break could run, or reject to new lowBONK is about to hit a Golden fib at 0.00001345.
Sister golden fibs above have rejected with gusto.
Break would signal strength again, or reject doom.
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Another iH&SiHS + 8h Cloud breakout
Bonus: also had an A&E in the R shoulder
entry: accumulate when confident, add on breakout, add on neckline
exit: 1.618 + measured move
stop loss: <R Shoulder
NFA
BONK Trade Idea*** You're absolutely insane if you take my advice on anything ***
YOur risk
Your Reward
But BONK may have some sort of setup for a run ...
Who knows
It's possible
Bull market things,..
$BONKUSDNot financial advice.
COINBASE:BONKUSD still trapped in the middle of this triangle it will take some time before they decide witch direction will go.
couple ideas #1 Fibonacci with an upside.
#2 with a rejection of the channel to the downside.
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Thanks.
parabolic for bonkready set go...
confirmation on top of wedge on 4h
crossing RSI
looking good
nou loading for break resistance 0.0000293
Too Easy...Make sure if you're charting this to look at inception data (most places don't have it) Dex Screener shows it and volume confirms we've had 5 waves up and corrected - We're likely early stages of wave 3 here and going to go parabolic this year.
Getting Closer 2hrs tops Before wedge closes and it either breaks or bust all signs point to higher places tho my predictions the next bull run will move us up to .00004500-.00005500 range not certain on if it will be this wedge closing or the next but it’s closer than most
4H Bull Flag Let’s Soar If it breaks the resistance then we’re golden if it fails the support test we may drop more but over all BONk is going to be a banger in time
Bullish Wedge Flag potential Idk a lot but I’m applying what works for me don’t apply my ideas or tactics as guaranteed or accurate even bc I’m not a professional just a enthusiast
7:1 RR - Long BONK - Multiple ConfluencesLong BONK for following reasons:
* Bottom of channel bounce
* Bounce from FIB pocket 0.618
* RSI Divergence
* Combined exchange volume divergence
A great opportunity in an upward trend that has pulled back to the bottom of the channel. Low Risk, high reward. Really pumped yesterday and looks like Bitcoin is gonna lead the way today (though it can always ruin the party here)
BONKUSD: Crossed above the 1D MA50. Strong buy.Bonk turned bullish again on its 1D technica outlook as the rebound that started on the 1D MA200, crossed yesterday over the 1D MA50 after two weeks. Since the underlying pattern is a Channel Up, we consider this the bullish confirmation that this move is the new bullish wave. The previous peaked on the 1.236 Fibonacci extension. We will pursue that very same Fib target (TP = 0.0000650).
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Way too simple for BonkExpecting a bounce up from that area and over 100X potential; if haven’t bought bonk. Buy it and hold it
I owned about $11.8 million Bonk tokens
Don’t panic and sell; hold it
Bonk Falling Wedge Break Out 100% INCOMINGBONK has completed a nice consolidation with its falling wedge formation which we have broken out from. I expect a retest at the break of the wedge upper trend line then a continuation higher to the white line marked above.
