BONK/USDT Chart Update.The BONK/USDT chart highlights a potential long trade setup based on technical analysis.
The price appears to be consolidating within a descending triangle pattern, with a breakout opportunity on the horizon.
Support Zone:
A crucial support zone appears between 0.00001697 and 0.00001999, suggesting a potential rebound zone for bullish momentum.
200-Day Moving Average:
The price is approaching the 200-day moving average, which could act as dynamic support.
Ichimoku Cloud:
The cloud suggests near-term bearishness, but a breakout above the resistance could signal a trend reversal.
Long Target Zone:
A green zone extending up to 0.00006239 indicates a high probability target for the next bullish leg.
Trade Setup:
Entry Point: Around the support zone at 0.00001999.
Stop-Loss: Below 0.00001697 to manage risk.
Take Profit Target:
Primary: 0.00004500.
Secondary: 0.00006239 for higher potential profits.
Risk/Reward:
The setup offers a favorable risk-to-reward ratio, making it an attractive option for long trades. However, before entering the trade, confirmation of a reversal (e.g., bullish candlestick pattern or volume spikes) is recommended.
DYOR, NFA
@Peter_CSAdmin
Bonkusd
BONK/USDT - H4 - Wedge BreakoutThe BONK/USDT pair on the H4 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Wedge Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming Days.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around Breakout.
Target Levels:
1st Resistance
2nd Resistance
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Bonk can pump 82% if it validated the bullflag bullish breakoutNo guarantee this pattern will break out, it could also extend the consolidation and morph into a completely different pattern, but at the moment it seems the best probability is a breakout upward considering we are only 1 big chart pattern breakout into the current long awaited altcoin market uptrend. *not financial advice* Please bonk responsibly.
BONK Buy Setup (2H)From the point where we've placed the red arrow on the chart, it seems that BONK's correction has begun.
This correction appears to be a diametric pattern that is nearing completion.
As long as the price stays within the green zone, it could move toward the targets. The targets are marked on the chart.
A daily candle closing below the invalidation level would invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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.
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BONKUSDT Triangle Pattern!BONKUSDT technical analysis update
CRYPTOCAP:BONK price is breaking out of a triangle pattern on the daily charts. The price has been trading within this triangle pattern for the past year. If the breakout is confirmed, we can expect a strong bullish move. Over the last few days, there has been an increase in volume, which is also considered a bullish sign for BINANCE:BONKUSDT
BONKUSDT Ready for Big PUMP!!!BINANCE:BONKUSDT has recently broken out and successfully retested a previous resistance level, showing signs of strength. Now, it’s attempting to break out of a triangle pattern, with the resistance line acting as a key barrier. If it manages to break through, a significant upward move could be on the horizon, fueled by the ongoing memecoin craze. However, caution is advised—consider using only a small portion of your capital to manage risk in this volatile environment.
BINANCE:1000BONKUSDT.P Currently trading at $0.000036
Buy level: Above $0.000033
Stop loss: Below $0.0000262
Max Leverage 3x
Always keep Stop loss
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#BONK/USDT#BONK
The price is moving in a descending channel on the 4-hour frame upwards and is expected to continue
We have a trend to stabilize above the moving average 100 again
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards
We have a support area at the lower limit of the channel at a price of 0.00002000
Entry price 0.00002360
First target 0.00002614
Second target 0.00003149
Third target 0.00003507
BONKUSDT: Bullish Momentum After Breakout!BONKUSDT has successfully broken through key resistance and trendlines, setting the stage for higher highs. With the MEME frenzy in full swing, we could see a significant price movement ahead! Remember to keep your stop loss in place to manage risk. This is a potential opportunity you won’t want to miss!
BONKUSDT Currently trading at $0.0256
Buy level: Above $0.0235
Stop loss: Below $0.02
TP1: $0.027
TP2: $0.033
TP3: $0.04
TP4: $0.045
Max Leverage 3x
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Ability to withstand selling pressureBONK on the daily timeframe has shown a strong support level in the range of 0.000013 and 0.000015. This support zone has proven its ability to withstand selling pressure and can be a good accumulation point for investors. If the price stabilizes in this area, it is expected that the asset will move toward higher targets of 0.00002 and 0.000022.
BONK looks super bearish (1D)From where we placed the red arrow on the chart, it seems that BONK has entered a correction.
Since a major wave has ended, we expect a bearish wave of the same degree to form.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Completion of Pullback and Upward MovementThe BONK/USDT chart shows that this currency is trading within a specific range and appears to be on the verge of completing a pullback. This move could be considered a preparatory phase for an upward movement.
Potential Scenarios:
Completion of Pullback and Upward Movement:
After completing the pullback, there is a possibility for the price to move towards the $0.000022 and $0.000025 levels. These levels can be considered as initial targets for an upward movement.
Monitoring Reaction at Key Levels:
Monitoring the price reaction at these levels is crucial. If the price surpasses these levels, the upward trend could strengthen, leading to higher price movements.
BONK buy zone for long setupI do not like $BONK. The meme is horrible, the community on Telegram is full of bots and chatter, and there are many shillers on Twitter. It is a CRYPTOCAP:SOL coin, and they will do with it the same as they did with SEED_DONKEYDAN_MARKET_CAP:ORDI or CRYPTOCAP:WIF : pump it to the max and then throw it away.
However, until that happens, it is a hugely manipulated coin that can make you money.
CRYPTOCAP:BONK is a good profit machine but it can also wreck you. My entry would be at 0.00002000-0.000021000.
CRYPTOCAP:BONK can dump so hard that it can go below 0.00002000 in a matter of hours.
Buying low is the only way you can guarantee some profit because it can go lower easily and wreck you even more.
My green box guarantees about 15% on the way up with no leverage. Today in 6 hours, it went from 0.000027 to 0.000022, so it is entirely possible if CRYPTOCAP:BTC gets a small 5% pullback from here that my target will be met. So I put an order there and I will see.
Always DYOR. Meme coins are highly speculative and can go to zero for no reason other than getting outdated or being killed by a better competitor.
CRYPTOCAP:BONK is useless; their staking has no APR listed on the website, so it is all BS. But big money is using it, so surf the wave and sell as soon as you can to take your profit.
BONKUSDT Potential Head and Shoulders PatternIn the 4-hour BONKUSDT chart, there is a clear potential for a Head and Shoulders pattern. BONKUSDT has bounced off the support line at 0.000026083 and is showing an upward movement. If it retraces from the 0.000029495 levels, it could lead to the formation of a Head and Shoulders pattern.
In this scenario, a decline towards the area within the purple rectangle could be anticipated. In the event of a more severe decline, it is possible that the price could fall to the turquoise rectangle, which is outlined with a purple border.
Alternative Scenario: If BONKUSDT breaks through the 0.000029945 levels with significant volume, an increase up to the orange rectangle could be expected, and subsequently, it could move towards the red box. If the price rises to the range of
0.000032385 - 0.000033910, the Head and Shoulders pattern will be invalidated.
Attention: Given the high dominance of BTC, caution is advised, and BTCUSD should be closely monitored.