Based on the analysis of Bonk's 8-hour chart, there’s a bullish divergence pattern emerging. This pattern suggests that there’s positive momentum and money flow coming in. Also, Bonk has successfully held its support level, indicating a potential area of strong buying interest. The retesting of the breakout reinforces the notion that the price is attempting to establish a new upward trend. A potential take profit level would be the .618 Fibonacci retracement level.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.