TON → Sideways Forever! Until Now?? Let's Maximize Your Profits.TON has been meandering sideways for weeks after its bear drop in November. Are we ready to take a trade?
How do we trade this? 🤔
We have a gap to the previous Support Area, price rejection at the Daily 200EMA, a useless RSI reading, and Bitcoin hinting at a move to the downside. This isn't a perfect setup, but we have enough to consider a small position 1:1 Risk/Reward scalp to the downside. Wait for a break below the 30EMA with a bear candle closing on or near its low. It's then reasonable, with a small position size, to take a short trade back to the Support Area. Keep an eye on Bitcoin's behavior as well. A good dive from Bitcoin could take the rest of the market in that direction.
💡 Trade Idea 💡
Short Entry: $2.1750
🟥 Stop Loss: $2.2700
✅ Take Profit: $2.0800
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Price Rejected above 200EMA.
2. Gap to Support area, Bias to short.
3. Wait for Bull Sell Candle Closing Below 30EMA
4. RSI at 50.00 and Above Moving Average, Indecision.
5. Bitcoin may Pullback or Reverse, could influence TON Price.
💰 Trading Tip 💰
Lower probability trades with Risk/Reward Ratios around 1:1 should have small position sizes. The risk is too great and the probability doesn't carry enough to make the trade worth risking your maximum allowed loss.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
Tonusdt
Telegram Coin (TONUSDT) 50% Surge AheadAnticipating a 50% surge in Telegram Coin (TON) in the forthcoming weeks could be in the cards. Examining the daily chart reveals a consistent pattern of respect for demand zones, ranging from a major zone around $1.9 to a minor zone near $2.2.
Currently, TONUSDT is undergoing testing within the demand zone and a simple uptrend line, marking a critical price zone exhibiting extreme buying pressure. Should TON maintain its position within this area, an expected 50% rally might unfold, a move that could span from a few days to a few months.
TON → Failure to Break 200EMA! More Downward Pressure Coming?Toncoin has failed to break the 1HR 200EMA consistently for over a week which doesn't scream much confidence for the bulls. Are we about to see another dip?
How do we trade this? 🤔
The last 5 failures to break the 200EMA are a strong signal to short. Each candle sports a big wick on their top and collectively are forming a double top patten which usually includes a fall in price. If a strong bear candle closes and the RSI falls just below the Moving Average, it's reasonable to short a 1:2 Risk/Reward Ratio down to just before the Previous Support at $2.024.
💡 Trade Idea 💡
Short Entry: $2.1800
🟥 Stop Loss: $2.2375
✅ Take Profit: $2.0650
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bear Trend, Bias to Short.
2. Failure to break 200EAM, Look for Short Entry.
3. RSI at 56.00 and on Moving Average, Supports Bear Bias.
4. Two More Failed Attempts to Break 200EMA, Short with Confirmation.
5. Bitcoin at Risk of Trend Change, Supports Short Bias.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
TONUSDTTONUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?
TON → Strong fundamentals open up bullish potential OKX:TONUSDT has been demonstrating excellent fundamental data lately. The market is forming accumulation of bullish potential, which may soon move to the realization phase.
The price is trading under the global descending resistance line. The market continues to form an ascending price channel. It is worth paying attention to the ascending triangle and false resistance breakout. The market does not allow a fall after the false breakout. What is not natural for the standard situation is that after the false breakout, the price forms a small pullback and returns to the 2.520 resistance for a retest.
Clearly, Toncoin is now under the watch of a major buyer. The consolidation may soon move into a distribution phase, provided that the resistance is broken and the price consolidates above the red downtrend line. Moving averages are supporting the market.
Resistance levels: 2.500, 2.600
Support levels: 2.329, 2.228
Bulls can keep the price below the support levels. A retest to resistance will increase the chances of its breakout, which is what I am waiting for. A break of 2.500-2.600 will form a bullish impulse.
Regards R. Linda!
#TONCOIN #TON Long-Term targets, until end of 2025#TONCOIN #TON Long-Term targets, until end of 2025
Compared to the rest of the market currencies, TON currency has been listed in the exchanges for a short time and has an incomplete chart since this day, and for this reason, it is more difficult to recognize its long-term goals. But if we use the data provided by this chart, it can be seen that during 2022, a five-wave bullish structure will be formed, and always a five-wave structure, after correction, will lead to at least one more five-wave structure. had
Therefore, using the Fibonacci tool, the possible targets of the TON currency can be estimated until the end of 2025.
taget1: 11$
target2: 18$
target3: 43$
target4: 73$
entry:
2 - 1.6$
stop loss: 1.2$
TON swing trade long signal with good Risk to RewardIf you know TON already then there is no need to explain, but if you don't consider that it is backed by telegram with 800 million users, it is in the top 15 of the coinmarketcap and still not listed on Binance yet!
Despite being a really attractive asset to invest or get some bag for DCA here, it can be considered a long signal as the end of wave A.
Entry, SL and TPs on the chart.
TON ANALYSIS🔮 #TON Analysis - Breakout Trading
🌟🚀 #TON was trading in a "Cup and Handle Pattern" and here we can see that #TON gave a great breakout. Long-term bullish consolidation above the neckline is projected to result in faster growth.📈📈
🔖 Current Price: $2.6618
⏳️ Target Price: $3.2840
⁉️ What to do?
- #TON is aiming around $3.5 in its next price target. We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#TON #Cryptocurrency #Breakout #DYOR
TON/USDT Ready for an Explosive Bullish Journey? TON Analysis💎Yello, Paradisers! brace yourselves for a potential treasure trove with TONUSDT! Our analysis indicates a recent breakout from a descending channel, signaling a potential bullish swing.
💎In the recent few days, TonCoin has navigated this narrowing descending channel, with pivotal support pegged at $1.92.
💎The current trajectory suggests a potential revisit to this support level before setting its course upwards. A successful breach of this pattern would further reinforce the bullish perspective.
💎Conversely, anticipate a significant bearish turn if the support doesn't hold. In this context, consider a short position after a retest.
💎Fine-tune your entry and exit strategies for TON with ParadiseFamilyVIP. Delve deeper into seasoned insights on TON and other promising tokens, refining your trading approach.
TON: Resistance BreakoutTrade setup : Price is in an Uptrend. It appears to finally have broken above the $2.60 resistance zone, which is where it got rejected previously in September and in early 2023. Price could attack $3.00 next. However, it is overbought (RSI > 75), so we could see it pause briefly on some profit taking near-term, before resuming it’s uptrend.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $1.95, then $1.60. The nearest Resistance Zone is $2.60, which it broke, then $3.00.
TONUSD bullish Fibonacci This week we will have a lot of great crypto that perform nice bullish wave. One of that coin is TON (11th marketcap)
TONUSD bounce from fibonacci 0.618 support and already break up channel down pattern with one full candle.
BUllish target at fibonacci 1.618 (D point) at 2.4026.
An obvious and strong position for the ascent of Toncoin...In continuation of the previous analysis (link below) of Toon Coin in today's weekly time frame, this climb becomes active.
With this move, TenCoin can go up to the price of about 4 dollars. Tone Coin seems to work very classically and technically. Because his movements are very patterned and technical.
Let's go to $4...
TON/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this TON/USD update from Crypto Sanders.
Chart Analysis:- Toncoin (TON) was another notable gainer on Tuesday, climbing to a one-month high during the day.
TON/USD hit a high of 2.23 earlier in the day, which comes a day after trading at a low of 2.09.
toncoin rose to its highest point since September 28, when price was above 2.30.
recent gains have pushed price strength above a ceiling at 59.00, and the index is now tracking at 61.62.
The next visible point of resistance is at the 71.00 point, and if hit, there is a good chance TON moves towards 2.60.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
TONCOIN needs correction! Is Bitcoin the Beginning of a Bullish?Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Friends, a few thoughts on everything that is happening in the market. As for Bitcoin and my short position, so far everything is sad, there is strong pressure from the buyer, but the plan for correction has not changed. Just remember that there is a bear trap waiting for us somewhere nearby. Yes, there is a small “trigger” in the form of a fix above $30,000, but there is no other way to cause FOMO, so we are now seeing the BTC chart in flight, as well as altcoins.
For example, TON, which has grown by 16% since the last review, is equal to the latest growth of BTC. And TON can also be traded under X for a second. At the moment, we may see another correction below $2, as there will be one of the events ahead that could bring volatility to the coin. They will set a world speed record on the TON blockchain on October 31st. Usually, before such events, a salesperson will appear where you can try to stop by. The priority is the 0.618 level and everything below it.
For now, I’m watching the chart and waiting for confirmation of the indicator on the older timeframe. You may even have to short this monster before dialing to the spot
Coin Watch: Toncoin (TON)TONCOIN (TON) is the native token of the blockchain platform The Open Network (TON). TON is a decentralized, scalable blockchain with the potential to handle millions of transactions per second. It consists of key elements such as TON Blockchain, TON Payments, TON Proxy, TON DNS, TON Storage, TON Services, and TON Workchains. TON aims to offer a highly scalable and secure network with features like multi-chain architecture, decentralized storage, anonymity, and decentralized DNS. The TONCOIN token serves various purposes within the TON ecosystem, including staking, governance, transaction fees, and access to services.
Looking at the weekly chart, we only have data from late 2022 and price has been ranging between 1$ and 3$.
Recently, the coin is in a bull run since august and is approaching resistance levels around 2.3$ and 2.6$.
On the daily chart, a falling wedge pattern was broken 6 days ago but is still in progress, with a target price of 2.5$.
RSI is bullish on both charts, but not totally overbought yet.
Stay tuned!
TONCOIN has a powerful event ahead, everyone's attention!Hello trader! Today I have a new idea for you. Like and subscribe to the channel, there is a lot of useful information there.✅
Friends, I would like to talk about this monster again, the TONCOIN coin is for your attention!
Earlier, I wrote a plan and said that I expected a correction to the 0.618 level, while we see that the price did not reach this value, but broke through the $2 mark where we could try to buy some coins, for example at $1.92.
I think that the train has not yet left, but is still standing at the platform and waiting for latecomers and it will be possible to get in for less than $2. An interesting event awaits us ahead on October 31, where they will test the TON blockchain for speed and set a world record, and if everything goes smoothly, the TON blockchain will be included in the Guinness Book of Records. Plus, there will be a powerful collaboration with Alibaba Cloud, which is a large Chinese company.
So, I think that before this event there may still be a correction somewhere below $2-1.8, if there is a correction, I will try to gain a spot position of 5% of the depot. If there is no correction, then I will think about going in at current prices)
TON – 2023 Reports Over the past days, the total number of accounts and transactions on The Open Network (TON) increased to 2.88 million and 173 million, respectively. TON has become the 14th largest cryptocurrency by total market capitalization, according to CoinMarketCap. Similar to the previous quarter, TON's technology, ecosystem, and the network's economy improved.
The TON 2023.06 update introduced the new burn functionality. It was implemented by the community and validators, who voted to burn 50% of the network fees, including storage and transaction fees. This forward-thinking solution means that, although the current burned amounts are insignificant, as the network and transaction volume grows, there could be a noticeable reduction in the circulating Toncoin supply. Decreasing the supply typically stimulates demand. It is also worth mentioning the creation of the "Black Hole" mechanism, which destroys all Toncoin sent to it. This can be utilized for new deflationary mechanics in the future.
Thanks to the Liquidity Mining Rewards Campaign, the Total Value Locked (TVL) in the network has grown by 2200%, and over $20 million has passed through the token bridge launched last quarter. Undoubtedly, we will continue to stimulate the growth of the TON DeFi segment moving forward. Tonkeeper, the most popular TON wallet, has integrated staking and a decentralized cryptocurrency exchange into its interface. The decentralized exchanges on TON are also making progress – DeDust has received a significant 2.0 update, a new exchange called FLEX has been launched, and STON.fi has introduced a new Rust SDK, FunC library, and launched the STON token.
TONUSDTTONUSDT was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel.
Currently the price is forming a local support around 1.90 region.
Will the bulls take charge again continue for leg higher?
What you guys think of this idea?
TON: Pullback in UptrendTrade setup : Price is in an Uptrend. It got rejected at $2.60 resistance zone, just as it did in early 2023. Pullback near $1.95 support area could be an attractive swing entry in Uptrend, with upside potential back to $2.60 (+30%).
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $1.95, then $1.60. The nearest Resistance Zone is $2.60.
TONUSDTTONUSDT was trading in descending parallel channe and recently it seems like the sellers are bit exhausted then bulls took the charge and break through declining trendline.
Currently the price has given the breakout from falling trendline and now forming a local support around 2.08 region.
Will the bulls take charge again continue for leg higher?