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BONKUSD trade ideas

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: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BONKUSDLong
by InvestingScope
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
COINBASE:BONKUSDLong
by HolRiz
3
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.
CRYPTO:BONKUSD
by PHundal
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). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BONKUSDLong
by InvestingScope
BONK Price Ready For Massive April Rally!Bullish Reversal Initiated: The asset teases a bullish reversal from a key demand level. Recovery Rally Underway: Currently on its fourth day of recovery, targeting significant price milestones. Momentum With Meme Coins: Gains additional momentum as Bitcoin stabilizes, drawing big investor support. Surge in Trading Volume: A notable 61% increase in trading volume indicates heightened interest and potential entry points. Potential for Top Performance: The asset is positioned to become a standout performer in the meme coin sector. Critical Support Level: Buyers establish a strong base, setting the stage for a bullish reversal. Price Lift-off: The asset experiences a 24% rise from its base, indicating strong buying pressure. Technical Indicators Align: MACD and RSI suggest a trend reversal and increasing buying momentum. Challenge of Overhead Supply: The asset faces the next major resistance level, with a strategy to overcome it. Price Targets: Sets ambitious price targets based on current momentum and technical analysis. Investor Sentiment: Growing positive sentiment around the asset, spurred by overall market conditions.
CRYPTO:BONKUSD
by Coinpedia-Market-Insight
1