BONK Analysis
BONK Analysis
BONK has not produced an impulse to the upside from our lower support region. The price recently got rejected at the 50% retracement zone. A bearish divergence is showing on the daily time frame. It is likely that the price will revisit the lower support region again. But can only be confirmed with closures below the 78.6% retracement at 0.0*2249. If this level breaks it is likely that the price will make a lower low. I would consider this an opportunity within an uptrend.
BONK has not produced an impulse to the upside from our lower support region. The price recently got rejected at the 50% retracement zone. A bearish divergence is showing on the daily time frame. It is likely that the price will revisit the lower support region again. But can only be confirmed with closures below the 78.6% retracement at 0.0*2249. If this level breaks it is likely that the price will make a lower low. I would consider this an opportunity within an uptrend.
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