Bonk_Longtermbonk usdt shows me a good pattern,
i focus more on the price and not on the date, so maybe we hit the target, earlier or after.
share with me ur opinion, im open to listen to ur ideas .
BONKUSDT.P trade ideas
BONK CUP & HANDLE FORMATION FOR HUGE PROFITS!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.
cup + handle by progressbullish pattern on the way about to push up.. right now adding this levels and holding
BONK - Held Key LevelCRYPTOCAP_OLD:BONK looks primed for another move to the upside.
After predicting the bear market low within a few % we are back with another BONK prediction.
We had a horizontal level (white horizontal ray) around $0.00002 that has been established as an important liquidity level. After retesting it, price held up beautiful and has started to move to the upside.
Also, our daily RSI is showing strength. We have a green trendline of support dating back to December of 2023 that we just held as support and also a white trendline around the 45 level that we just had our 3rd low put in at.
BONK: Retest and Potential PUMP !BONK is a Solana-based meme coin that has been gaining popularity in recent weeks. The price of BONK has been on a tear, rising from $0.00000001 to $0.0000023 in a matter of days.
After reaching a high of $0.0000023, BONK experienced a pullback and retested the 4-hour upper resistance trend line. This retest could be a sign that BONK is ready for another leg up.
The AMD setup:
The Wyckoff Accumulation, Manipulation, and Distribution (AMD) setup is a popular technical analysis model that describes the three phases of a market cycle:
Accumulation: During this phase, large buyers accumulate tokens at low prices, often creating a bullish chart pattern.
Manipulation: In this phase, the price is manipulated to create the illusion of a strong uptrend, attracting retail buyers.
Distribution: In this phase, the large buyers sell their tokens at high prices, causing the price to dump.
The current BONK chart:
The current BONK chart shows that the price has been following the AMD setup.
Accumulation: The price accumulated in a horizontal range for several weeks.
Manipulation: The price broke out of the range and rallied sharply.
Distribution: The price pulled back and retested the upper resistance trend line.
Why this is a good time to buy:
Retest: The retest of the upper resistance trend line provides a good entry opportunity.
Volume: The volume is increasing, which is a sign of strength.
Social media hype: There is a lot of hype surrounding BONK on social media, which could provide additional fuel for the rally.
Conclusion:
BONK has been following the AMD setup and is currently retesting the upper resistance trend line. This could be a good time to buy in anticipation of another leg up. However, investors should always do their own research and exercise caution before investing in any cryptocurrency.
BONK Potential ReatracementBONK is on the verge of creating a double top, with a possible retracement target at $0.0000193, aligning with the 0.5 Fibonacci retracement level.
It appears significantly overvalued.
In my view, this meme coin bubble is poised to burst soon.
🔥 BONK: Huge Cup & Handle For Massive Profits!In this analysis I want to take a closer look at BONK's cup and handle pattern and the potential massive trade we can make based on it. I'm aware that the handle is not perfect because of the wick, but I still deem the pattern valid enough for a trade.
The 2000 area seems to be holding on two separate occasions now, which makes me believe we can use it as a decently strong area of support.
Target at 10.000 based on the idea that the pattern will break out and make new highs in the future.
Combined, we can create a huge signal with a RR of over 25.
Keep above 2800 and we should breakout bullish soonA strong break and hold above .00003450 will be meaningful and should show significant gains. A plunge below .00002800 or so probably signals even further decline.
Will be a sick sweat for some of us BONK fans the rest of the week.
BONKUSDT MR. TOCHKWU ASSIGNMENT CORRECTIONSo you were trying to trade a COUNTER TREND TRADE. That is wrong. There is no too many data to analyze the market. Beside, the H1 candle which you called a demand was just one candle. Please always navigate to lower tf to see the pull back properly in a situation where the HTF Candle pull back is one candle.
Perfect execution BONKI posted this setup one month and half ago. Perfect trade, and perfect execution. It just hit tp and dropped. Actually price reached an interesting buy zone. I expect a downside moves before a great pullback, target new highs
Inside bar reversal in playIf we can stay above 2840 then this daily inside bar
can likely signal a reversal and we continue back up tomorrow.
A break below will mean further downside for the week.
follow me let make the rabaOur Bonk price prediction considers factors such as macroeconomics and price charts to forecast.
BONKUSDT BONK$ After smaller correction going Tp 0,0000039xxAs we can see BONK hit 0.5 fib retrace level before btc decided to go and chill with the bears, looks like the bulls jumped in and BONK$ is easy heading towards 0.618 fib level will be around 0,0000039xx$ level!
Also, I love that kind of shape below a bull pattern, before or after retest, then you know things will get serious ;)! Happy trading, and dont listen to me im not a financial expert or anything close
BONK/USDT next move assumption - Not a trading adviseBONK/USDT next move assumption - Not a trading advise.
The weekly and monthly are at strong Buy
The daily also with buying orders placed.
At the short time, the selling is high hence that is my thinking.
Patience is great.
ScalpHello guys ,a new attractive idea on #bonk currency
It’s a little risky so should be patient or trade with your plan
According to the waves analysis we can expect that price rise again to the green zone.
This is my personal opinion and is not an offer to buy or sell, please act according to your trading plan
follow me for more ideas
Bonk and Shiba Both Bonk and Shiba are they going to do it again as Shiba broke the resistance before three years??!!…. Bonk is forming the same shape as Shiba formed before three years. Are we going to witness the same moment and rise to 0.000088,?? Now Bonk has broken the resistance line So what going to happen after retest
BONK may reach the previous peak. I think it can be triedBonk increased very well a few days ago. Now looking at a symmetrical triangle, the previous peak can be reached.
Do not neglect the TURBO currency, bonk number 2TURBOUSDT It will give profit just like bonk currency, starting and then ath
BONK May Explode as Technicals Shift to BullishThe Bonk price has shown an appreciable upward trajectory over the past 48 hours, escalating from $0.00002703 to $0.00003294.
The analysis of the Exponential Moving Averages (EMA) reveals a bullish sentiment, with the 9 EMA climbing from $0.00002918 to $0.00003089 and the 20 EMA from $0.00003001 to $0.00003067. The consistent positioning of the 9 EMA above the 20 EMA suggests that short-term momentum is surpassing the longer-term trend, reinforcing a bullish outlook.
On the other hand, the Moving Average Convergence Divergence (MACD) offers a more nuanced perspective. Although the MACD line has seen an incremental rise, the latest figures reveal it slightly trailing the signal line, with the MACD at 0.000049 and the signal line at 0.000056. Nevertheless, the diminishing negative histogram values hint at a decrease in bearish momentum, potentially setting the stage for a bullish crossover.
The Relative Strength Index (RSI) adds another layer to the analysis, with its latest reading at 54.08, situated above the neutral 50 mark but well below the overbought threshold of 70. This suggests a balanced buying pressure, which hasn't yet tipped into overbought.
Key levels to monitor include the resistance at $0.00004147 and support at $0.00002717, $0.00002173, and $0.00002137. The immediate future may test the resilience of the first support level; its sustenance could serve as a foundation for further price ascension. Conversely, breaching this support might lead to a descent towards more profound support levels.
For traders, potential long entry points could be around the aforementioned support levels, particularly if indicators such as a bullish MACD crossover or a rebound from support materialize. Conversely, failing to uphold these supports may render short positions more favorable, targeting lower supports for exits.
Unpredictable Yet ProfitableMeme coins are inherently unpredictable due to their memetic nature and reliance on market sentiment. However, this uncertainty hasn't stopped them from being profitable for some investors. In this article, we'll analyze the current state of the meme coin market, focusing on Bonk, and briefly introduce a few other meme coins you could consider holding.
Bonk, a meme coin built on Solana, is currently leading the meme coin market. It gained sudden popularity in late 2022, experiencing a significant price increase within a few weeks.
Reasons for Bonk's Popularity:
Community Support: Bonk enjoys strong support from its community.
Utility: Bonk can be used as a transaction fee on Solana decentralized exchanges (DEXs).
Token Burning: Bonk regularly burns its tokens, reducing its supply.
Despite Bonk's popularity, it's crucial to remember that meme coins are generally high-risk investments.
Tips for Investing in Meme Coins:
Only invest a small portion of your capital in meme coins.
Do your research before investing.
Never let FOMO (Fear of Missing Out) influence your decisions.
Other Meme Coins to Consider Holding:
Meme coins can be profitable, but they should be approached with caution due to their high risk. Always conduct your own research and only risk a small portion of your capital before investing.
Disclaimer: This article is for informational purposes only and should not be considered investment advice.
Ascending Ambitions: BONK's Breakout Beckons Bullish MomentumBONK's technicals are flashing signs of an impending bullish shift. This intriguing setup presents a potential long entry before the god candle builds, from a classic falling wedge formation to an RSI divergence, each thread weaving a strong narrative for a potential upside reversal. The Setup is only for the lovers of the volatility in memes.
Following reasons and arguments speak for my long trade here and why am entering already. Conservative traders please wait for breakout and retest before entering:
Bullish Pennant Pattern: The price has formed what appears to be a Bullish Pennant pattern, characterized by converging trendlines in which the price consolidates inbetween. This pattern is typically associated with an upward breakout could be imminent.
200 EMA Support: The price is hovering around the 200 EMA (grey line), which has been acting as a dynamic support level. The price action respected in the 1H TF this EMA and got bounced off it recently suggesting an upwards momentum.
Breakout Potential: The setup indicates the expectation of a breakout to the upside, as shown by the arrow emanating from the apex of the wedge. A breakout above the upper trendline of the wedge would confirm this bullish bias.
Volatility: It's essential to recognize that BONK, as a meme token, may exhibit high volatility and atypical market behavior, which can result in both rapid increases in value and sharp declines.
Entering a long position in BINANCE:BONKUSDT based on this setup would be contingent on a confirmed breakout from the falling wedge pattern, supported by volume and a retest of the trendline in the ideal scenario. Traders should execute such trades with a clear risk management strategy due to the inherent volatility of meme tokens. A disciplined approach to profit-taking and stop-losses will be essential to navigate the unpredictable swings of BONK's market movements. As for me i decided to go as usual with 200% TPR for a not greedy but enough trade for this move.
