Bonk Cryptocurrency Price News Today – Technical Analysis Update! Elliott Wave Price Prediction!

Bonk Cryptocurrency Price News Today – Technical Analysis Update! Elliott Wave Price Prediction!

[Music] hello and welcome to another update video about bon bon has actually successfully reacted to the micro support area I communicated one of the funny enough one of the cleanest patterns it’s been over the last few days especially or actually over the last week or so after it started a rally here and we were tracking this potential impulse um certainly here that was an Impulse the question is is it going to form a larger impulse starting here on the 13th of April and one more high is missing why is that important because after a five wve increase if we get really five waves up it would give us a nice setup in the upcoming pullback which would be Circle Wave 2 project would be or what we’re currently tracking is a potential impulsive reversal after a downtrend that started on the 4th of March I mean the entire correction started before but we had here a new high didn’t we so the entire correction started actually here December w x and then this could be a y wave down um alternatively we’re tracking a larger wave four which um is still unfolding but then it basically takes a break below support to confirm that for now I think it is reasonable to watch for higher prices but obviously now is not the time to get in that was in the support region which I communicated more specifically there was also a smaller Target Zone within and the price reacted and now I think it’s just worth watching do we get a fifth wave to the upside and if we get a fifth wave to the upside then we can call that an Impulse especially an Impulse that start on the 13th of April and with five waves up obviously that could be an opportunity because after five waves up it would typically indicate that the next pullback is going to be corrective at least with a higher likelihood at least with a higher likelihood and if the next pullback is corrective then it should form a higher low five waves up three waves down and then what we can track for is for the price to hold micro support that I will then offer in wave two I will communicate that and then the third wave to the upside basically here Circle wave three to the upside should be next so what are the levels that are worth watching now so again I’m watching for one more high in wave five we’re nearly there um for a reliable fifth wave to give us really the highest probabilities for the upcoming pullback to hold a higher low I’d like to see the price finish the correction in the region of 349 250 a little higher a little lower that’s fine there’s another resistance area just above that at 3 69 to3 but this would be a healthy wave five it’s a 61.8 extension of waves 1 to three and an ideal Target for wave 5 now there is going to be some more resistance just below that that’s structural resistance ideally we go above that level that’s 297 2300 um and then I also added a whole range of just levels to watch for anybody who’s looking at the shorter time frame um if you are a silver or gold member you can get access to these charts I’m not going to read them all out but you can actually see them on the screen because you know all these numbers there um but these are just additional levels to watch but for you know in the middle of that box basically we have this 61.8 extension level and that is an ideal Target for that fifth wave of circle Wave 1 and yeah as soon as that has topped you know we’re watching for a break of support then I cannot offer that support area yet we want to see a break below micro support as a top signal which is ultimately what we want after five waves up for an ideal structure and then the wave two pullback as I said would provide the next you could say opportunity and then for a uh third wave rally to come and yeah so that’s good because that would indicate if we zoom out a little more that then going forward there’s a good chance to reach this area around 730 239 that’s my update about Bon hope you like the update if you did please hit the like button leave a comment and subscribe and if you really like the content then please check out the channel membership also make sure that you follow us on Instagram and Twitter for additional content thanks a lot for watching bye-bye

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Ethereum ETH Price News Today – Technical Analysis Update and Price Now! In this video I talk about a technical analysis of the Ethereum Price and I talk about some important price moves that are happening right now! Ethereum Price Prediction! I also talk about Elliott Waves!

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