Over looking the meme-coins chart closely, it has been found trading in a parallel upward channel, which looks like a pretty good chart on the daily.
Over looking at the bullish perspective, the derivatives are high, and the shared positive news on socials, develops a much higher possibility of BONK bouncing (DYOR).
The BONK had two peaks since its first candle (BONK: COINBASE), which encountered a major decline from supply standing tall around $0.0004200. Thus, the price declined, which looked like a double top pattern, but it failed to complete. Instead of continuing to fall, it showed a resurgence from the wedge's lower boundary.
As per the above-mentioned analyst theory, if the price manages to surpass $0.00002960, then it could have an easy-peasy 1:2 RR target at the wedge above the boundary (DYOR). Thus, in the course, the interruptions could stand near $0.00003600.
However, facing a decline from $0.00002960 could lead toward the major demand zone at $0.00001250. So, Investors should stay cautious and dig into their own research.
Over looking at the bullish perspective, the derivatives are high, and the shared positive news on socials, develops a much higher possibility of BONK bouncing (DYOR).
The BONK had two peaks since its first candle (BONK: COINBASE), which encountered a major decline from supply standing tall around $0.0004200. Thus, the price declined, which looked like a double top pattern, but it failed to complete. Instead of continuing to fall, it showed a resurgence from the wedge's lower boundary.
As per the above-mentioned analyst theory, if the price manages to surpass $0.00002960, then it could have an easy-peasy 1:2 RR target at the wedge above the boundary (DYOR). Thus, in the course, the interruptions could stand near $0.00003600.
However, facing a decline from $0.00002960 could lead toward the major demand zone at $0.00001250. So, Investors should stay cautious and dig into their own research.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.