Technical Analysis Update, Bonk Coin News Today

x3-comments (67)in #steemit • last month

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

Bonk here this time around what is it doing what it's not doing I think that 1890 is a stop loss that probably is still pending for so many people and you haven't really taken out the stop loss to be honest because you had the wick but you ended up coming down but you never took the stop loss

The 4-Hour time frame I'm trying to see what's going on here and let's setting support and resistance right now because this is where you are struggling with Bonk at the moment so positive signs I mean this is the chances of actually coming up here like this is going to be as follows there are some few things

The 4-Hour time frame is quite important number one some people may say you are making a be flag fair enough okay that does look like a be flag it's fair to say so and if you pop down and you start to move down then you're looking for 1552$

another thing is Maybe for Bonk to go down there again you still need to take out 1890 and then you you go down to, 1550 right so that means that you come down you make a bare flag here you take that stop loss you open up the window to go down there

Another thing is now that you're having that resistance up here the first positive that may happen is if you do end up breaking Above This Channel itself and retesting and when you retest you try to come up this is going to be very good sign number one number two is if you end up pumping up and then making it up to 2583 and holding above here you may actually print this left shoulder head and the right shoulder and then pump back up again to 3772 in the future

I'm telling you this has to happen that you break above you come to 2582 stay above 2500 then I think it's a very solid setup to start to move back up again