Toncoin hi guys
On the price chart, when we still hold the support area of $4.46, and the LL is not made for us, we cannot expect a bearish trend.
If the $4.46 support range is fully consumed, a bearish scenario is likely.
Right now, the bullish scenario weighs more for us. And if the $7.95 resistance area is completely consumed, the bullish mentality will be reinforced for us.
what do you think!?
TONUSDT.P trade ideas
TON → there is no risk for toincoin so farhello guys.
Let's analyze OKX:TONUSDT
Top Line Resistance: The chart identifies a rising resistance level (top line) that the price has tested multiple times but failed to break above convincingly. A breakout above this line could signal a bullish move.
Neckline Support: There is a crucial support level (neckline) that has held up the price so far. The analyst suggests that if the price breaks below this neckline, it could trigger a bearish move.
Bearish Scenario:
If the price breaks below the neckline, the target for the downside is around the $3.10 level.
This level is marked as the "target of breaking down" and could act as strong support if the price reaches it.
Bullish Scenario:
If the price manages to hold the neckline and breaks above the top line, the chart suggests a potential upward move toward higher levels.
Current Price Action: The price is currently around $5.62, showing a potential retest of the neckline. Traders should watch for a decisive move either below the neckline or above the top line to determine the next major trend direction.
This analysis outlines the importance of the neckline as a critical level. The outcome of whether the price breaks below this level or holds above it will likely dictate the future trend direction.
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Honestly, I don't feel like explaining, the chart says it all !!If it closes below the midline this week, price may see the bottom of the channel.
maybe...
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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's Situation: What Shall we Expect ??BINANCE:TONUSDT
TONUSDT is attempting to break through resistance of symmetrical triangle pattern after bouncing off support.
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 Finished the correction Wave.
Note: we should wait for the breaking of the triangle and than make a move!
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅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 PRICE ACTION SAID IT FIRSTTON turned bearish a long time even before the news concerning the arrest of telegrams founder PAVEL DUROV. Ofc the price chart very often determines events, or events determine the chart.
Expecting a dip to the $4.7 area and possible bounce upwards. A breakout won't look so good, as price will most likely drop to the $2 zone.
What's Next For TON?TON dropped ~20% after the news that Telegram founder Pavel Durov was arrested in Paris. The arrest followed investigations that focused on a lack of moderators on Telegram.
According to French media, Durov faces a possible indictment on Sunday. Overall, the case is quite complex since Durov also holds Russian citizenship.
Let's take a look at the chart!
Once the news came out, TON started a free fall. Shorts/hedges undoubtedly contributed most of the decline.
However, the sharp decline was stopped by the long-term uptrend line similar to the drop in May and the beginning of August.
Depending on the details of today's indictment, we might see another move to the downside. However, the level between 4.6 and 4.8 should serve as solid support.
Although it is always risky to catch a falling knife, the market seems to be overreacting, and we should see a reversal soon. With CRYPTOCAP:BNB , any Binance FUD was usually a buy and saw the same price action and shorts going in. These things do tend to take some time to play out so don't expect a full retrace the same day.
TON: Important Technical Analysis in a Daily Timeframe!Hello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.
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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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Thank you!
#TON #Toncoin
Toncoin Lower High Confirmed (Bearish Continuation)➢ What one does, the rest follows!
Toncoin (TONUSDT) is moving ahead and this shows what is coming to the rest of the crypto-giants that are yet to complete their bearish wave.
Here we have this chart depicting a clear lower high on high volume. Today's move is a continuation of the correction that developed after the mid-June All-Time High.
A bearish wave always follows a bullish wave... The good news?
A bullish wave always follows a bearish wave.
When this correction is over, the market will enter a new growth phase and this can last for years.
The last growth phase for Bitcoin lasted 16 months; from November 2022 (market bottom) through March 2024 (market top).
One final drop; one final leg down; one final crash and it is over... The bears are done.
Once the bears let go off the market, it is time for us to have real, positive, GREEN, fun.
I will be here reading the charts for you.
Thanks a lot for your continued support.
Namaste.
TONFounder got arrested and people are latching onto this non-story.
Fully confident that if BTC does not shit itself, this goes back to where it was.
I've been in this space long enough, to understand how this works.
Ride it down with the sell the news, then send it all the way back.
I've a huge stop loss on this because I don't know how low it'll go, I just know it'll be profitable.
I'm only risking a part of my entire account, so risk is still controlled.
GLHF!
#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
Lingrid | TONUSDT remains Stagnant in SIDEWAYS MovementOKX:TONUSDT continues to move sideways on the daily timeframe, with the price consolidating above 6.00 and below 7.00. This suggests that the market is in an accumulation phase. On the weekly timeframe, the price remains within the range established in the previous week. It's important to note that the price has broken and closed above the 6.00 level, which has historically acted as a strong support level. Given these conditions, it appears that the market will likely stay within this consolidation zone until August. My target is resistance zone around 7.660
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