Technical Analysis Update, Bonk Coin News Today 2024-04-29

x3-comments (67)in #steemit • 28 days ago

Hello Everybody Welcome to my blog. Today we are going to talk about the Bonk Coin News Today

Bonk is making sideways movement and what is the RSI suggesting we do have a small bearish Divergence happening right now so Bonk has performed much better than many cryptos out there, to be honest with you because most of the crypto they're still stuck down here I mean ever since the market dropped down most of the crypto are still stuck right over here they're not even doing this thing instead when you look at Bonk has already moved up 92% to the upside ever since 20 of April so within 8 days we have a very nice big move to the upside

You have already broken the channel so there are there are some possibilities where we can see Bonk back up to the to top of the channel which is 4234 right there is a chance there if you told me that they can Bonk go up here there is a chance that it goes out there but we've seen a technical The target of the bull flag has been met so you've moved to the upside you made a bull flag right over there you move up like this you're moving sideways

The thing is that if I take the trend line and I do place the trend line like that and like this one more time so we can see a squeeze about to happen until what is this so we're looking for a decision time until 2nd of May probably the maximum time today is 28 so maybe four to five more days and then we're going to see how this little bit of a pennant here is going to respond because if you do break down we're looking for 2300 if you start to push to the upside then we could be touching 3,400 shortly