Hello Everybody Welcome to my blog. Today we are going to talk about the Bonk Coin News Today
Hello something is going on with Bonk & with Bitcoin Bitcoin trying to make some reversal candles on the 15-minute time frame and then you also have Bonk here that has a technical Target down to $18.95 but I've seen Pepe making a fake out if you can watch the Pepe update it's simple there was a descending triangle with pepe and we saw pe pe drop-down retesting getting rejected but before it went to the main target it reversed midway and it went to the upside
This the case going to be the same for Bonk as well where you break down and then you go back and then in instead of coming down to Target you go back up
The market is in an uptrend keep that in mind we are in a bull run don't get me wrong here we have been in a bull run for the past 8 n months and during a bull run it's much easier to make fake-outs of a bare pattern because now the market is bullish that's what I'm trying to say so it's very tough job to start to open up short position when you are in an uptrend it's very risky and you're going to see fake outs again and again but at least for now in before I say that there's any fake out it's it's going to be important for you know Bonk to come to the upside and try to move up to 2600
I go into the 1hour time frame there is a pattern that I kind of notice and it's almost as if we are making a diamond bottom right now you are going to make something long as a diamond because now all of this shape looks like a diamond and especially when you come from a downtrend that means a reversal back up
If you do break above here just a little bit which you are about to do so then you can expect you know Bonk to come up to 2433 and also if you do even better then you are going to continue back up to even 2624 but if you come down to 2147 then that's going to be an invalidation and you might continue to drop down to a technical Target of maybe 1,800 as we spoke before
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Resteem
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Resteem