Wait for breakout It is showing bullish sentiment, wait for the breakout, it will rocket above the horizontal level.
BONKUSD trade ideas
Long Wick Candle forming on Higher Timeframe Please observe BONK on the weekly Chart, please observe the long wick candle forming around the supply zone and the golden zone on the Fibonacci level. Also, observe the CM_Williams_Vix_Fix Finds Market Bottoms indicator flashing green saying the bottom is in or close. If the week close out with these conditions, there is a possibility of price reversal. In addition, it appears if it closes out with these current conditions we may be seeing a retest of the descending triangle.
BONKUSD 12/6/2024BONKUSD Daily Chart Analysis
• Background : BONKUSD was introduced on Coinbase in December 2023. From its launch through November 2024, the price consolidated within a symmetrical triangle pattern .
• Breakout: On November 10th, 2024, the price broke out of the triangle with massive volume, soaring as high as +140% from the breakout point.
• Current Setup : Following the breakout, the price has pulled back and formed a bull flag pattern. However, confirmation of the breakout from the bull flag has not yet occurred.
• Momentum: The MACD remains in bullish territory but is currently below its signal line. The histogram is contracting, signaling a potential crossover of the MACD above its signal. Such momentum could drive the price to break out of the bull flag, providing confirmation.
Trade Rationale:
Despite the lack of breakout confirmation, entering long prematurely is justified by the strong bullish context and potential for momentum to shift. The stop-loss is placed with extra room to account for any pullbacks within the flag before a breakout occurs.
Trade Setup (Long):
• Entry: 0.00004314
• Stop Loss: 0.00003305 (-23.39%)
• Target #1: 0.00008468 (+96.29%, 4.12 RR ratio)
• Target #2 : 0.00012728 (+194.29%, 8.24 RR ratio)
This setup aligns with the post-breakout consolidation and the potential for the MACD to trigger a new bullish move.
Bonk on RobinhoodEarlier this week Tucker BONK was listed on Robinhood. Unlike Coinbase meme drops skyrocketing, Robinhood is a bit slower. BONK rejected and bounced off our fib level at .236 at price .00002703. I might add a bag, not confirmed u til the RSI breaks midline, and breaks our BOS trend line in the 1hr closely. Watching point of interest to break is .00003140.
BONK!! LETS GO!
BONK 1 HR BONK maybe coming out of a downward trend, it broke out of a parallel channel and recently made a Change of Character which may carry out a trend reversal, RSI levels are very strong and CCI levels are healthy. Intraday analysis
inverted head and shoulders on bonkpattern forming a head and shoulders likely to play out soon on bonk
Breakout and retestThis is a textbook level bullish pattern. Triangle breakout and then retest the top edge.
BONK 12 hr. TFBONK is in or near the oversold levels in the CCI and RSI and SRI indicators.
BONK breach two structures down and is residing in a Demand zone close to the 200 EMA.
BONK is currently forming a long wick candle.
Also, the CM_Williams_Vix_Fix indicator is flashing that the bottom is possibly in or forming.
One positive is that the price is currently above the 200 EMA which means the overall trend is still up.
Thank you please be careful.
We need a miracle.
Break OutGreat news for BONK holders!
BONK broke out it's parallel structure with an RSI level in the 60's. Let's hope it can keep it's momentum. Please see chart for possible targets. Have a safe day and be careful this is crypto.
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 could go bonkers.Bonk/usd appears to have formed an ascending triangle which is a bullish continuation pattern. Bucking the bearish trend that has recently plagued the crypto market, bonk can ascend to new all time highs after consolidation.
TriangleBONK is consolidating inside a symmetrical triangle on a trendline on a key level.Standing by for possible breakout, either more fluctuation or price reversal or continuation.
Retest or falling?Yesterday BONK had a great break out. Today we hypothesize that BONK may retest the parallel structure. Be very careful do not bet the farm this is crypto. Have a great day
BONK loadingGreetings
Thank you for your time.
BONK is consolidating on a key level and on a trendline, attention should be paid to the consolidation pattern and the direction of the price break out
BONK path to drop another 0BONK has been operating on this 82 day cycle over the last year.
82 day cycles have marked the three major peaks (tetons) and recent bottom with perfection.
BONK was born on Christmas 2022 and hit its first ATH on Christmas 2023.
Do not fade the holiday BONK!
BONK correction overBONK has appeared to have broken out of it's downward parallel structure on the 1 HR Chart and may have a bullish crossover on the cm_macd_ult_mtf . Be careful there might be a retest on the parallel structure and watch out for Resistance and be mindful this is a volatile asset on the 1 HR timeframe.
Have a nice day
SupportBonk is forming long wick candles on key support area by trendline. Trendline needs to hold and Key support area. Eyes on the support and resistance areas.
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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BONK Got No Resistent !!If Bonk pull back to the support level I will DCA because bullish momentum still strong. DYOR
BONK will it go Bonkers?BONK on the 4 HR chart, good RSI levels good CCI levels moving up in a parallel channel. Watch out for reversal signals and remember this is a 4 hour chart. Price still forming on a key level. Keep and eye on the structure and key levels. We need a miracle
BONKUSD LONG IDEAbreaklut rising wedge pattern, trendline 4th touch, breakthrough resistance, bullish PA across all higher time frames.
I know Bonk! believe me I think everything in the chart is clear from Elliott's point of view. Wait for the next updates for the bank and make money!
#Flashing_sticker
Bonk always bounces wild, it's really what level .... perhaps Bonk always bounces wild, it's really what level .... perhaps these lines show a path.
