Analysis of Currency $BONK ****** /
Indicators and Technical Analysis ♥♥♥:
Current Price: 0.00001234
Moving Averages:
EMA 7 is very close to the price (0.00001231), indicating a bullish crossover with EMA 25 and EMA 99.
The crossover of EMA 7 with EMA 25 upwards gives a buy signal.
RSI (6): at level 55, indicating moderate upward momentum and not in the overbought zone.
Candlestick Pattern: There are consecutive green candles with higher highs than previous peaks, indicating an attempt to rise.
Potential Targets (Resistance Areas):
1. First Target: 0.00001278 — Clear Previous Resistance.
2. Second Target: 0.00001329 — Clear Previous Peak.
3. Third Target: 0.00001368 — Highest Point on the Current Chart.
Nearby Support Area:
Strong Support: 0.00001175 (Previous Bottom and Moving Averages Convergence).
Proposed Strategy:
Buy at the current price: 0.00001234
Stop Loss: Break below 0.00001175 with a one-hour candle close.
Gradual Take Profit at the aforementioned targets.