#1000BONK
The price is moving in an upward channel on a 4-hour frame and we have a support area in green at the level of the lower border of the channel at the price of 0.02200.
We have a trend to rise above the Moving Average 100 after breaking it down
The RSI indicator has a downtrend that is expected to be retested
Entry price is 0.02350
The first target...
I can clearly see cup & handle formation in BONK at daily timeframe, which is bullish pattern. Here 0.00002 area is holding and is expected to move towards 0.00005 zone in few days.
BONK was between the demand zone for long period of time and has broken it successfully.
waiting for BTC to up or stable.
Bullish wave is about to come.
With Bonk's reversal from the 0.0001800 area, we can construct a clear bearish triangle on the chart. Bearish triangles often break bearish to make new lows, so that's going to be the idea behind the trade.
Wait for the price to close below the triangle's support area. Looking for a move towards the 0.0000900 range.
Might be far-fetched, but this token did a...
After so many highs, BONK is falling.
Why is this drop different from the previous series?
1- According to rumors, it seems that FTX has liquidated or is liquidating a large amount of its altcoins.
2- It is possible to start a bear market not only for BONK but also for the crypto market for 2 months.
I marked 3 confirmations on the chart. First of all, the...
1000BONK UPDATE: 1000BONK created inverse head and shoulders pattern on 4hrs TF….. The neckline is currently serving as a major resistance but I’m looking into two scenarios here…
First scenario: I will patiently wait for breakout from the neckline and take a limb from there after retest of the neckline
Second scenario: I will wait for a pullback from...
