BONK / TetherUSLong
BONKUSDT: descending triangle breakout!!
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Let's analyse BONKUSDT:
TECHNICAL ANALYSIS:
BONK is currently consolidating within a parallel channel. After breaking out of a descending triangle pattern and undergoing a corrective pullback, the price has found support at the 100-day EMA on the daily chart.
The previous breakout led to a significant 135% price surge, and a similar rally is anticipated as the price approaches the upper boundary of the parallel channel. Bullish crossovers in RSI and MACD indicators further support the bullish outlook for BONK.
Key Level:
Entry: CMP to $0.000033
SL: $0.000028
Leverage: 2-3x
Target:
$0.000046
$0.000055
$0.000068
$0.000089
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
In-depth market analysis
Accurate trade setups
Early access to trending altcoins
Life-changing profit potential
Let's analyse BONKUSDT:
TECHNICAL ANALYSIS:
BONK is currently consolidating within a parallel channel. After breaking out of a descending triangle pattern and undergoing a corrective pullback, the price has found support at the 100-day EMA on the daily chart.
The previous breakout led to a significant 135% price surge, and a similar rally is anticipated as the price approaches the upper boundary of the parallel channel. Bullish crossovers in RSI and MACD indicators further support the bullish outlook for BONK.
Key Level:
Entry: CMP to $0.000033
SL: $0.000028
Leverage: 2-3x
Target:
$0.000046
$0.000055
$0.000068
$0.000089
If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see.
Happy Trading!!
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