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prefabsprout
Mar 12, 2024 1:13 PM

Inside bar reversal in play 

BONK / TetherUSBinance

Description

If we can stay above 2840 then this daily inside bar
can likely signal a reversal and we continue back up tomorrow.
A break below will mean further downside for the week.

Comment

i will be watching how close today. this could still turn around.

however when you see lower lows and lower highs that's usually a sign of further selling.

Comment

ok so same idea now for this new daily candle. we dont want to lose 2660 (which will create a lower low) and we want break above 3213 (thus creating a higher high).

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just looked AT the 4h and that looks like a recovery is in play there. we reversed and made a higher high. so that brings hope that we saw the lowest price of the week today.

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this 4h candle is terrific. atm i would guess we have reversed back to bullish, lets see what sorta steam there is behind it in the morning.

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ok now we're getting somewhere!

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you cant stop this shiit it only goes up!

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need to retake 3000 soon or we are dipping more this coming week.
Comments
MedBit9
soon 0.000088
prefabsprout
@pureEnthusiasm54344, = soon me in lambo
seris12
it is already at 0.2840, u think any reversal or down to 0.22 ?
prefabsprout
@seris12, the day is shot. unless we see something significant tomorrow should continue down. we lose 2400 it's trouble on the weekly level.
seris12
@prefabsprout, reversal but still performing poorly compared to other memes at the moment
prefabsprout
@seris12, ya frustrating atm. what memes are on yr radar today?
MyCryptoParadise_Simon
It's moments like these that truly test our patience and analysis skills. Keeping a close eye on that 2840 mark
jrkellum84
How much further downside?
prefabsprout
@jrkellum84, we lose 2400 and we are in bad shape. can still rebound for the week from here.
prefabsprout
please share your thoughts about this BONK idea here.
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