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$PONKE 1D Chart Analysis
The large blue falling wedge has broken out to the upside. Currently in the process of being bullishly retested on the breakout.
Falling wedges break out to the upside 68% of the time.
Near the end of the blue falling wedge consolidation, we can see a pink cup and handle pattern. The pink cup and handle has also broken out to the upside.
There is also an orange Adam and Eve double bottom reversal formation. Adam and Eve double bottoms are a strong reversal signal from a downtrend.
$PONKE Targets
1) $0.25591
2) $0.27227
3) $0.55717
4) $0.71538
NFA, DYOR ⚠️
#PONKE Trading #Crypto