Technical analysis by Eurolizm about Symbol BONK: Buy recommendation (12/7/2024)

According to Elliot Wave Theory, in my review; Bonk seems to have completed the correction of the 4th wave at the 0.5 fibo level. The downtrend has also been broken, I do not think that a b and then a c correction wave can be formed from here. In my opinion, correction wave 4 is over, we are starting the 5th wave. Considering that the target is 1-1.2 fibo level, we can say that it is the 0.000090USD level. This is not investment advice. These are my own study notes.