TON: Important Technical Analysis in a Daily Timeframe!Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
After the latest news about the founder of Telegram, TONCOIN faced a sharp 20% drop in its price. The price is currently hovering at $5.86, and the recent decline raises concerns among traders and investors.
Here's my technical analysis of TONCOIN on a daily timeframe.
TON has an important support trendline around $5.34, which it must hold to stay in the game. If a rebound occurs, TON will likely test the blue dotted resistance trendline, potentially leading to bullish momentum.
The lower support at $4.636 will be the crucial level for TON to hold if we see a further decline.
Given the negative experiences from past incidents, be cautious and conduct thorough research before investing.
Key Levels:
- Support Trendline: $5.2556 to $5.6458.
- Lower Support: $4.836.
- Primary Resistance: $6.452.
- Bullish Move: A close above the primary resistance and 50 EMA.
- Bearish Move: A close below the lower support.
DYOR, NFA.
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#TON #Toncoin
Tonusdt
#TON/USDT#TON
The price is moving in a descending channel on the 12-hour frame and it was broken upwards
We have a bounce from a major support area in green at 5.40
We have a downtrend RSI that was broken upwards which supports the upside
We have a trend to stabilize above the 100 moving average which supports the upside
Entry price 6.11
First target 6.90
Second target 7.60
Third target 8.20
TONUSDT 1H in Sideways MovementTONUSDT continues to trade sideways on the daily timeframe, with the price consolidating between 6.00 and 7.00, indicating an accumulation phase. On the weekly timeframe, the price remains within the range set by the previous week. Notably, the price has broken above and closed above the 6.00 level, a historically strong support. Given these factors, it seems likely that the market will continue to consolidate within this range until August. The target is the resistance zone around 7.660
TON weekly analysisToncoin hits record high daily active addresses, but is TON a ‘bubble’? – analysis by AMBCrypto
The TON Masterchain has reached a record of 946 daily active addresses, a 7x increase since July 2021, as Kyledoops noted on X (formerly Twitter).
This growth reflected rising network activity, the expansion of dApps and work chains, and potential higher demand for Toncoin (TON).
Although some analysts suggested that the TON blockchain might be a bubble due to its low daily active user count, broader market metrics challenge this view, indicating the network’s solid progress and potential in the long-term.
Meanwhile, Toncoin has shown strong potential as a top coin to hold on the support.
The TON/USDT weekly chart revealed a reversal candle with a long tail, indicating bullish pressure, supported by growing volume in recent weeks.
Moreover, Bollinger Bands are tightening, suggesting a potential squeeze, but the best bet lies in the breakout to the upside.
On the daily time frame, Toncoin was nearing a breakout above 100 simple moving average, which has posed some resistance.
TON (Toncoin): Approaching ResistanceTrade setup : Trends are mixed but price remains in an Uptrend on a long-term basis. It bounced off of 200-day moving average, which acts as support, and reached our near-term target of $6.75 for +25% gain. Now we look for the right entry opportunity in Uptrend.
We wait for price to either 1) break above $6.75 to signal continuation of uptrend, with +20% upside potential to $8.30 next, or 2) pullback to 200-day MA for another swing entry with +25% upside potential to $6.75. Stop Loss at $4.40. (set a price alert). We also issued a bullish fundamental research report (Coin Pick) on TON recently (May 24) that suggests there's 80% upside based on comparable valuation of other L-1 and L-2 networks.
Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Up, Medium-term trend is Neutral and Long-term trend is Neutral.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $6.00, then $4.75. Nearest Resistance Zone is $6.75, then $8.30.
TON ANALYSIS (BREAKDOWN)🔆 #TON Analysis : Breakdown
📊As we can see that #TON is following ascending channel on 4hr time frame. There is a breakdown in #TON and if it sustain this breakdown then we would see a dump first then a pump.
⁉️ What to do?
- Keep your eyes on the chart, observe trading volume and stay accustom to market moves.🚀💸
#TON #Cryptocurrency #ChartPattern #DYOR
Looking for buy opportunities in the crypto market!Hello traders and investors!
I’ve selected four assets in the crypto market where buying opportunities can be considered. Each of these four assets has formed a range, with the seller's impulse completed and the buyer's impulse now active.
BNB : Buyer’s 10-11 impulse, potential targets: 598, 645.2
TON : Buyer’s 6-7 impulse, potential targets: 7.35, 7.72, 8.1582
AAVE : Buyer’s 11-12 impulse, potential targets: 120.08, 132.57
ADA : Buyer’s 5-6 impulse, potential targets: 0.3730, 0.4292, 0.4504
Among these, BNB appears the strongest, as two buyer's zones have formed in the 10-11 impulse. These zones were created when the buyer absorbed a seller's candle with increased volume (the buyer's zone is marked by a blue rectangle on the chart).
ADA, on the other hand, looks the weakest among the four, as it has not yet been able to close a daily candle above the high of the August 8th candle, which absorbed the seller's attack on the lower boundary of the range, forming a buyer's zone.
It's advisable to use lower timeframes when looking for buying opportunities. I have selected examples of lower timeframes for you.
TONUSDTThis chart for the TON/USDT pair shows a strong upward movement with several key time intervals marked by vertical lines. Here’s a breakdown of what these time intervals might indicate:
Key Dates and Potential Market Movements:
August 19, 2024, 16:00:
Scenario: This is the first red-marked interval, which may indicate a potential pause or correction after the recent strong upward movement. Traders might begin to take profits, causing a temporary pullback.
Impact on Price: The price might experience a minor dip or consolidation phase around this time.
August 20, 2024, 08:00:
Scenario: The green-marked interval suggests a possible continuation of the bullish trend or a recovery if the market corrected earlier. Positive market sentiment or news could drive further buying interest.
Impact on Price: There could be another push upwards, possibly testing new highs or reinforcing the current trend.
August 21, 2024, 02:00:
Scenario: The next red-marked interval might signal another potential reversal or correction phase. External factors or market saturation could lead to a pullback.
Impact on Price: A possible dip in price as traders reassess their positions.
August 22, 2024, 11:00:
Scenario: The green-marked interval indicates a return to bullish sentiment or a stabilization of the market after any previous corrections.
Impact on Price: The market may stabilize or resume its upward movement, depending on the overall trend strength.
August 23, 2024, 08:00:
Scenario: This red interval suggests another potential market event or reaction, possibly due to external factors or news impacting the market.
Impact on Price: Another dip or consolidation might occur around this time.
August 24, 2024, 00:00:
Scenario: The final green interval in the short-term analysis might indicate a resumption of the trend or stabilization after previous fluctuations.
Impact on Price: The price could either stabilize or continue its upward trajectory if the overall market conditions are favorable.
Considerations for Traders:
Volatility: The chart indicates several points of potential volatility within the next few days. Traders should be cautious and consider setting stop losses or taking profits at appropriate levels.
News Impact: Keep an eye on any news or market events around these dates, as they could significantly influence price movements.
(Update) !!! TON daily Chart Analysis : Bull or Bear ? (READ)OKX:TONUSDT
✨After the fifth bullish wave, TONUSDT has completed his corrective waves (ABC) , now it is time to start the five bullish waves, and now finished first wave and need alittle Correction.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TONUSDT pullback from recent highTONUSDT briefly surpassed last week’s high but quickly retraced, dropping back below that level. While this could be interpreted as a false breakout, the price did manage to close above it on the daily timeframe, creating mixed signals. I anticipate the market may decline toward resting liquidity beneath the key 6.00 level. It's worth noting that corrections often occur during weekends. Furthermore, the market has repeatedly rebounded from the resistance zone between 7.20 and 7.50, making a pullback likely. The target is the support level at 6.060.
TONcoin TON price is ready to rise, isn't it?Against the backdrop of current and planned activities around #TONcoin, we conducted our TA)
We drew a few lines back and forth and here is our verdict:
- by the end of 2024, 1 CRYPTOCAP:TON can cost $15-16).
Of course, you will say that our analysis is full of bullshit and “wishful thinking” and you can do better!
And we completely agree with you!
You can do better, so share your analysis of OKX:TONUSDT in the comments and write your expectations for the possible future price!)
TON USDT🔍 TON/USDT Analysis: Upcoming Key Dates for Strategic Entries 📊
The TON/USDT chart highlights several critical dates that could offer prime opportunities for market entry:
August 16, 2024, 19:00 (UTC+3), August 24, 2024, 07:00 (UTC+3), September 4, 2024, 15:00 (UTC+3) - Green Lines: These dates indicate potential local lows, making them ideal for accumulating TON or entering long positions. Traders should consider these times as opportunities to build or add to positions ahead of expected market movements.
By aligning your strategy with these key dates, you can optimize your entries and maximize potential gains.
SELL UNTILL 13 of November
#TON #TONUSDT #CryptoTrading #MarketAnalysis #Cryptocurrency #TradingStrategy
Phemex Analysis #15: TON to the Moon or Back to Earth? For those who read our previous post on PHEMEX:TONUSDT.P (Phemex Analysis #11: TON_Is it Time to Buy the Dip?), we hope you managed to secure a favorable entry point during the dip.
The recent news of TON's inclusion in Binance Launchpool has sent shockwaves through the crypto community. Naturally, the question on everyone's mind is: Will this development significantly impact TON's price?
Let's break down potential scenarios for TON's price movement:
1. Breakout Rise
If the Binance Launchpool listing catalyzes a positive sentiment around TON, we could witness a price surge that breaches the $6.9 resistance level. Accompanied by robust trading volume, TON might then challenge the subsequent resistance levels at $7.6 and $8.2.
It's crucial to remember that such rapid ascents often lack sustainability. Therefore, considering a quick profit-taking strategy might be prudent. As always, the broader market sentiment should be a key factor in your trading decisions.
2. Price Decline
Conversely, if the market remains indifferent to the Binance Launchpool news, TON's price could potentially retest the $4.8 support level or even dip lower. In such a scenario, exercising caution is paramount.
3. Continued Consolidation
There's also a possibility that TON's price will oscillate within a range of $6.0 to $6.9 for an extended period. This consolidation phase can be frustrating, but it's essential to maintain patience and await a clear breakout signal before establishing long or short positions.
Additional Considerations:
Fundamental Analysis: While technical analysis provides valuable insights, it's equally important to consider TON's underlying fundamentals. Factors such as the project's development progress, team strength, and community engagement can influence its long-term trajectory.
Risk Management: Regardless of your chosen strategy, implementing robust risk management practices is non-negotiable. Set stop-loss orders and take-profit levels to protect your capital and secure potential gains.
Diversification: Don't put all your eggs in one basket. Diversifying your crypto portfolio across different assets can help mitigate risks.
Note: Pulse is offering $500 PULSE to all new Phemex users. Sign up for Pulse quickly!
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
TON/USDT Gears Up for a Bullish Breakout: $7.00 in SightThe 1-hour chart for TON/USDT on Binance reveals a clear bullish trend, characterized by a series of higher highs and higher lows. The price action has formed a distinct ascending structure, with each pullback being met with strong buying interest, as indicated by the red support lines.
The current setup shows that the price is consolidating after a strong upward move, forming a small pullback that aligns with previous support levels. This pattern suggests a potential continuation of the bullish trend, with a key resistance level at $7.00 acting as the next major target.
If the price breaks above the recent highs and continues its upward momentum, a rally toward $7.00 could be expected.
NOTHING !!BINANCE:TONUSDT
✨ After the fifth bullish wave, TONUSDT has completed his corrective waves (ABC) , now it is time to start the five bullish waves, and now finished first wave and need alittle Correction.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TON - Raising to the moon#TON/USDT #Analysis
Description
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+ Price has successfully reversed from the support zone and we are seeing a strong bullish trend.
+ i'm expecting to see a minor pull back before hitting the resistance zone.
+ I see a good opportunity for long trade here.
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VectorAlgo Trade Details
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Entry Price: 6.6
Stop Loss: 5
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Target 1: 7.2
Target 2: 8
Target 3: 10
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
TON is looking bearish - Good for shorting$BINANCE:TONUSDT (1D CHART) Technical Analysis Update
TON is currently trading at $6.8 and showing an overall bearish sentiment. It is around the support zone, which is looking very weak. The price could break down at any moment. This is a good opportunity for a short trade.
Entry level: $ 6.87
Stop Loss Level: $ 8.6
TakeProfit 1: $ 6.487
TakeProfit 2: $ 6.183
TakeProfit 3: $ 5.753
TakeProfit 4: $ 5.226
TakeProfit 5: $ 4.755
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.
Cheers
GreenCrypto
ALTS That are INCREASING as BTC Dips1) NOTUSDT BINANCE:NOTUSDT
Great bounce from the support, RSI bottoms:
strong in the 4h:
2) RUNEUSDT KUCOIN:RUNEUSDT
From the 1h up to the daily, it seems as though RUNE is increasing after establishing a bottom of being oversold:
3) AVAXUSDT BINANCE:AVAXUSDT
AVAX makes a turn around after bottoming out in the buyback zone:
4) BNBUSDT BINANCE:BNBUSDT
BNB up 20 % in two days as buyers scoop up lower prices:
5) JUPUSDT BINANCE:JUPUSDT
JUP increases 16% in one day:
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TONUSDT. Looking for sales opportunityHi traders and investors!
It might be time to open short positions on TON.
Daily Timeframe Analysis
On the daily timeframe, the price has formed a sideways movement. The buyer's vector 4-5 has reached all its targets. Yesterday, the seller brought the price back into the range, and the daily candle closed below the upper boundary of the range at 7.675. Additionally, a seller's zone has formed at the upper boundary of the range (red rectangle on the chart). The lower boundary of the range is at 4.5983. The current seller's vector 5-6 has a potential target of 5.18. The nearest obstacles are 6.58 and 5.9777.
Hourly Timeframe Analysis
On the hourly timeframe, there is a downtrend. The last selling impulse started from the level of 7.5862. This level also serves as the seller's defense of the breakout from the range on the hourly timeframe (marked as RPL on the chart). Currently, the price has interacted with the 50% level of the last selling impulse (7.2243) but has not been able to overcome it so far.
Selling Strategy
It is reasonable to look for selling opportunities based on the idea of realizing the seller's vector 5-6 in the range on the daily timeframe. Possible levels to look for sales if defended by the seller include 7.5862 (hourly timeframe) and 7.675 (daily timeframe).
Alternatively, after a new selling impulse appears on the hourly timeframe, identify the seller's areas of interest and look for selling opportunities from the defense of these areas.
Are we looking at a drop or a surge?What do you think? After checking the TON/USDT chart, I noticed some interesting signs of recent buying opportunities at the bottom price. It seems like the price might start to slowly rise from here. Of course, these are just probabilities. I see the price hitting $10 pretty soon, and I hope you like my analysis!