BONKUSD going at least x10 from here!Bonk (BONKUSD) just formed a Golden Cross on the 1D time-frame and having broken above its current ATH Resistance (March 04 High), it is expected to rise parabolically from here.
To back this up, that is exactly what took place after the previous 1D Golden Cross a year ago (November 08 2023), when again the price broke above Resistance 1 and turned parabolic to the 3.0 Fibonacci extension, completing a +20200% rise from its bottom.
If a new +20200% rise seems unrealistic to you (it would however form a perfect Higher High at the top of the long-term Channel Up), then you can target the 3.0 Fibonacci extension at $0.0006650, which represents a +1100% rise from the current levels. A x10 opportunity indeed.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
BONKUSD trade ideas
BONKUSD 1D: Looing like reversing and possible breakoutAs above.
Looks like hit local bottom at 0.000018 and price action looking for possible pump but need to break out out of 0.000025 resistance to confirm. 1D MACD trending back up to zero line as well.
Possible targets if bullish trend confirmed are 0.000034 to 0.00004.
Will follow.
Good luck traders!
Bonk/USD: Potential Bullish Breakout on Multiple TimeframesTechnical Analysis of Bonk/USD: Potential Bullish Breakout on Multiple Timeframes
This analysis examines the Bonk/USD price across different timeframes, suggesting a potential bullish breakout. Here's a breakdown of the observed patterns:
4-Hour Chart: Falling Wedge Bull Flag
A falling wedge pattern is identified on the 4-hour chart. This pattern is generally considered bullish, indicating a potential reversal of the downtrend. The price action is confined by two converging trendlines, suggesting buyers are increasingly absorbing selling pressure.
Within the falling wedge, a bull flag pattern might be present. Bull flags are brief consolidation periods following a strong price move upwards. A breakout from the bull flag could signal a continuation of the uptrend.
Weekly Chart: Cup and Handle
Zooming out to the weekly chart, a larger cup and handle pattern might be forming. This pattern is also bullish and indicates a potential price breakout after a period of consolidation (the cup) followed by a pullback and a smaller, inverted cup formation (the handle).
Target Price for Falling Wedge:
Based on the falling wedge pattern on the 4-hour chart, the target price sits around $0.00004500. This target is calculated by measuring the height of the wedge at its widest point and adding that distance to the breakout point.
Important Considerations:
Technical analysis is not a guarantee of future price movements. Other factors like market sentiment, news events, and overall market trends can influence the price action.
This analysis highlights potential opportunities, but it's crucial to conduct your own research before making any investment decisions.
BONK Price Channel Breakout Signals Massive Upside PotentialCurrent Price: BONK trading above $0.000025 after a 12% surge.
Channel Breakout: Bullish reversal leads to a significant channel breakout.
Massive Candle: Formation of a massive bullish engulfing candle.
Trend Momentum: Increased momentum following the channel breakout.
50% Fibonacci Level: Potential to challenge the $0.000032 mark shortly.
MACD Bullish Crossover: Positive crossover in MACD and signal lines supports the upcycle.
Support Trendline: Upcycle starting from the long-term support trendline.
Previous Peak Target: Potential to reach previous peak above $0.000050.
Psychological Mark: Targeting the significant psychological mark of $0.000050.
1.618 Fibonacci Level: Upside target at $0.00008321 according to Fibonacci levels.
Speculative BONK Long Trade with High RRRAdmittedly: This long setup in BONK does not have particularly high chances of success. The price is in a general downtrend, and significant recoveries have been absent so far. However, the BONK price recently reached an important support level on the H4 timeframe. This was followed by a stabilization, and a change of character was achieved on the H1 timeframe. For us, this presents an opportunity to enter a very speculative long trade with an exceptionally high RRR of approximately 8.5:1. We have chosen the as-yet-untested balance price area near the high of late May 2024 as the target.