I don't think I have much to say today. After publishing previous analyses, we knew that the price would break that wedge pattern and even more so due to Gensler's news today.... WE'RE GOING TO THE MOON DAMN IT🔥
We just have to trust what will happen in the coming months, and remember that we are not even a month in and the price is rising drastically.
Regarding $BONK , we see that it is clearly maintaining an upward trend but at times it falters; let's just let the market do its job... we've seen touches of important resistances, but what I like most is that it remains at high levels, it hasn't changed trend and that's good.
12 hours ago I did an analysis on these 2 cryptos and the market went in our favor.
$BONK We can observe how the price broke out of the wedge pattern that was forming, achieving a strong bullish impulse, reaching levels of 57.. after this, a strong rejection was created, all this seen on the 1-hour chart, if we increase the timeframe to daily we can see that the day itself was bullish, it was an opportunity for those who are into Day trading and likewise a good message for those who are long-term.
$XRP during the day the price remained in consolidation, but at this moment we can already see a small breakout signal above the diagonal resistance, forming the same movement as $BONK during the night the price will continue to develop and we will see what will happen, I trust that it will make its bullish move to exit the consolidation in which it remains. #BONK/USDT #XRP/USDT🔥🔥
In 1-hour charts we can see how the two cryptos form the same wedge pattern indicating a possible bullish continuation.
$XRP shows weakness every time it reaches the diagonal resistance and similarly when it reaches the support making false breakouts; regarding the moving average we can also see that it touches it and bounces back indicating support at the moving average. We can expect that this week it will make a structural change after 3 days of indecision.
$BONK we can see how it broke through the diagonal resistance closing the bullish candle outside of the resistance which is a good sign; we can expect a retest in the same area now turned into support and a continuation of the bullish structure.
Remember that all of this is based on analysis and in the end, the market does what it wants driven by many factors #XRPFORTHEMOON #BONK
BONK.... for those who keep BONK in their portfolio I give you a brief overview of what it looks like... $BONK it kept making strong bullish movements like all the meme cryptocurrencies, but this one in particular has great strength already due to its mother so to speak $SOL . and speaking graphically we can appreciate the way it maintains its respite in 4 hours, touching the exact and adequate level of 0.618 Fibonacci, if you go to your graph right now you will see that the graph tries to get up after its respite. #BONK it promises a lot for the future and it is said that by 2025 it will eliminate 0 zeros from its price.
In the 4 Hour chart, we can see that the price remains stagnant after the liquidation that took place this weekend. Likewise, we can observe that the chart shows how the relief it had touches the Fibonacci retracement to continue its upward trend....
We expect this week that it breaks the small resistances and the strong resistance of 1.18. Sometimes we must understand that the market, after upward movements, needs to take breaks #XRP #XRP/USDT🔥🔥 #XRPWhaleAccumulation #XRP🚀 $XRP
It's all about patience, trading itself is about patience and time. Small corrections only scare newbies and those who don't know how the market moves yet, this is nothing, just the market doing its job🔥📶 #Bonk #XRP