Is TONUSDT getting ready to continue it's uptrend?Hi there traders
We received a new signals from the EnF Breakout Strategy:
BUY on TONUSDT
See idea for breakout entry, targets and stoploss
Only enter the trade when the price breaks above entry
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Tonusdt
TONUSD is forming a bull flagHey Traders, in today's trading session we are monitoring TONUSD for a buying opportunity around 7.65 zone, TON have formed a bull flag and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 7.65 support and resistance area.
Trade safe, Joe.
Frankly, I don't feel like explaining, the chart says it all !!Hi.
BYBIT:TONUSDT
TON is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .
The break out needed for increasing further has not happened but it should happen pretty soon.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TON, a top 10 coin aiming to be TOP 5 soon alongside SOL ...TON has accumulated a lot of attention this past few months making it to top 10 coin by market cap, worth $20B. That is impressive and it looks like it may go to 3 digit even aligning itself with the likes of BCH , ETH, and SOL.
At the start of the year TON hovered around 1.8 area -- then it peaked at 8.0 range, and it did it in a few weeks time. The hype is not just empty air it is substantiated by real solid fundamentals.
TON — which stands for “The Open Network” — is a community-driven blockchain project designed to enable fast transactions and support a wide variety of decentralized applications (dApps). The project was originally established by the company that created the popular encrypted messaging application Telegram.
Based on latest data metrics. This is cementing another ground work on its higher base of that new round of upside move. It is inching closer to another heatzone / breakout point that may target 10.0 levels. The 'BIG BUYS' are on this one as it is attracting institutional investors left and right. They already know the big possibilities.
While it is at its one digit era, it maybe be best to seed now at this range before the next altcoin season happen. Bluechip coins like this, get a lot of cash from the small and big guys alike. They benefit most from money inflows during those times. Case study was SOL / ETH / BCH.
Spotted at 6.0.
TAYOR.
TAYOR.
The price is expected to move towards the targetsThe price is in an uptrend, and as long as the support at $6.5 holds, there is a potential for the uptrend to continue.
If the support holds, the price is expected to move towards the targets of $8 and $9.
It is recommended to keep this chart on your watchlist and monitor the price movements.
TON Coin Analysis: Technically and Fundamentally StrongTONCoin has been performing very well since last year, and as Telegram grows more popular, it becomes even stronger fundamentally. Technically, it's about to undergo a slight correction to $4.7 before potentially reaching new all-time highs, with mid-term targets at $17 and long-term targets at $40, IMO.
Ton of resistance, Elliott wave analysisIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
The level at 7.50 looks might strong.
With this current swift move down back below the level,
I am looking to HOW the price reacts to that level if it is reached again.
If it come to it in a corrective fashion, then I would suspect a rejection.
If it can get back above, then I would have to reconsider, based out what PA has printed.
The divergence adds to this.
Trade Safe!
Trade Clarity!
I Cannot Short This !!! situation+next targets.Hi.
KUCOIN:TONUSDT
TON is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .
✨ 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!!
Comprehensive Analysis of TON Ecosystem🔍 Today, we will conduct a thorough and comprehensive analysis, focusing specifically on the TON network ecosystem.
Bitcoin Analysis
📈 After reaching the support level at 66036, Bitcoin experienced a fake breakout. Following this, several supportive candles formed, and currently, the price is moving slightly away from the support level with increasing buying volume.
📊 With a breakout above 44.18 in the RSI, we can get a confirmation from the RSI indicator. After this, we should wait for price confirmation as well.
🕒 The riskiest entry point for a long position could be the short-term resistance at 66363. However, since today is Sunday and the market is closed, I prefer not to open a position at this resistance. Instead, I will wait for the price to reach 67110 and observe its reaction to this level.
🚀 If it breaks this level, I will open a position. The next trigger for a long position would be at 70108. Once the price reaches 71500, it will enter a strong supply zone, and I prefer to wait for a breakout above this zone.
📉 For a short position, I will consider it after breaking 66036, depending on Bitcoin's dominance trend. I believe Bitcoin will range until tomorrow, which will allow the new week to start and the SMA25 to catch up with the candles, potentially bringing momentum back into the market.
TON Ecosystem Analysis
🌐 First, let’s discuss the fascinating ecosystem of the TON blockchain to understand its role in the crypto space. The initial section involves airdrops and shitcoins, starting with the NOTCOIN project, which operated as a tap-to-earn mechanism, rewarding users with NOT tokens for every click. This project gained substantial user traction and was listed on Binance.
👥 Following NOTCOIN, other projects like tapswap, Blum, and Hamster Combat emerged. Notably, Hamster Combat has over 100 million active users and 37 million Telegram subscribers. This significant user base suggests that airdropping this token could onboard over 100 million users onto the TON blockchain, greatly contributing to network growth.
📈 Given the popularity of these projects on social media, this number could potentially reach 200 million or more. This is one of the primary reasons why the TON blockchain can thrive, which could subsequently drive the TON coin's price upward.
💧 The next section is the DeFi space on the TON blockchain. According to a recent announcement from the TON team, liquidity providers can now farm TON tokens by creating LP tokens on the TON blockchain, which is excellent news.
🌱 As illustrated, the stonfi project, a platform for creating LP tokens on the TON blockchain, offers exceptionally high APRs, like 700% and 565%, which can attract many users.
📈 The rest of the TON ecosystem is also detailed in the image provided, which includes more projects. In addition to the ones mentioned above, I have included projects like Tonup, Storm, DAO Lama, and Fragment. These are among the most reputable Telegram projects, each contributing to the blockchain’s growth.
🚀 For instance, Tonup is a launchpad project where you can find and invest in projects during their presale phases, potentially yielding significant profits if the projects succeed. However, it is crucial to research thoroughly before investing, as this can be quite risky and may involve scams.
🏦 Storm is a DEX that allows you to open futures positions in a decentralized manner, similar to Ethereum projects like dydx and gns but specifically on the TON blockchain. DAO Lama is a platform for buying and selling NFTs, staking them for rewards, or using them as collateral to borrow TON coins.
📲 Lastly, Fragment is an exceptional platform where you can perform various tasks within Telegram, such as purchasing usernames, special Telegram numbers, premium subscriptions with TON coins, and advertising in different channels, all powered by blockchain.
TON Chart Analysis
📈 Now, let’s examine the chart to identify potential entry points for this exciting project. The resistance at 7.339 has been broken, and the price is at its ATH, making it impossible to draw resistance levels based on historical data.
📊 However, using the weekly wave Fibonacci extension, as indicated in previous analyses, the price has reached the 1.618 level, rested for a while, and is now moving upwards, breaking the 1.618 level along with the 7.339 resistance. The high volume of bullish candles confirms the uptrend.
🎯 The nearest target for TON is the 2 Fibonacci level, approximately around $10. Given the project hype, as elaborated earlier, it could easily reach this target and potentially go higher.
🔍 In the RSI indicator, we have a critical resistance overlapping with the overbought level (70). Breaking this area could lead to a significant price pump. For trading TON futures, we should switch to the 4-hour timeframe for more detailed insights.
📉 In this timeframe, there was a significant resistance at 7.765, and the price is currently pulling back to it. However, the pullback isn't complete yet, and we can only confirm the pullback after breaking 8.186.
📈 If it does, the parabolic trendline on the chart will be reliable, potentially leading to a parabolic upward move. The futures targets are 9.2 and $10. The RSI trigger at the 70 resistance could also bring momentum into the market upon breaking.
🚫 For a short position, it is advisable not to open one on TON due to its strong upward trend. There are better coins for shorting that are in a downtrend. Nonetheless, the short trigger is at 6.793, but I personally wouldn’t open a short position on TON.
📉 For spot buying, it’s recommended to wait for a pullback and enter during the correction, or move to lower timeframes for entry, though this increases risk. It’s advisable to wait for a confirmation candle if no pullback occurs.
🛑 In case the price reverses downward, having a stop loss is crucial to limit losses. Breaking 6.208 could signal the end of the bullish momentum.
🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
TON's Situation: What Shall we Expect ??Hi.
COINEX:TONUSDT
TON is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
✅ Due to the Ascending structure of the chart...
🟢 TON has been Bullish Recently!
🟢 The odds of another Bullish Movement is High!
🟢 Ascending Triangle is Visible on The chart!
🟢 No break out yet!
❗ Note that if the Triangle is broken down with the power of descending candles, our analysis will fail.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅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!!