BONK: PEPE, I'm coming home to you!
Explaining the idea of why I expect BONK to fall further.
Trend: LH's and LL's, peaks getting lower and lower, tapping into the floor of 0.00001
Volume peaks: I've marked the peaks with a red "X" both on the price chart and volume.
Decreasing volume: Every time a peak has been made, volume as fallen, and so has price. See the red arrows on price and volume.
I'm expecting this to be the case now too.
Eventually breaking the floor of 0.00001 and falling to around 0.000005. That's about a 60% drop from current prices.
Trend: LH's and LL's, peaks getting lower and lower, tapping into the floor of 0.00001
Volume peaks: I've marked the peaks with a red "X" both on the price chart and volume.
Decreasing volume: Every time a peak has been made, volume as fallen, and so has price. See the red arrows on price and volume.
I'm expecting this to be the case now too.
Eventually breaking the floor of 0.00001 and falling to around 0.000005. That's about a 60% drop from current prices.
Note
Update: This idea is invalidated if we get a daily candle close above 0.00001330
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.