BONKUSD BONK Bullish Divergence of a Descending Broadening Wedge

6 Şub

Bullish Divergence beginning on the 1hr chart that is part of a larger Descending Widening Wedge Pattern. Volume spikes at the upper and lower trend lines as buyers try to reverse the trend and sellers becoming exhausted. A measured move above the upper trendline targets the 2.618 Fib and brings the price to ~ 00001190, a long-term support and resistance. If price holds, it may be a continuation of Bullish momentum leading to a breakout of the larger channel. NFA/DYOR