Lingrid | TONUSDT has Reached DEMAND zone. Potential LONGOKX:TONUSDT has reached demand zone. Looking left at the price action, we can observe that it has previously reversed swiftly from a bearish trend to a bullish one from this area. The market has broken through the range zone, and this pullback has triggered a significant correction. I anticipate that this pullback continuation of sideways movement between 6.50 and 7.70. On the weekly timeframe, the market has broken below the lows of the last two weeks, suggesting that it may seek liquidity in this area before moving higher. Additionally it bounced off the June's low. While we can't overlook the impressive bullish momentum seen in last month, I expect the market to consolidate briefly before resuming the upward move. My goal is the resistance zone 7.100
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TONUSDT.P trade ideas
TON Coin: Bullish 'Mews' and News ๐๐บ TON Coin: Bullish 'Mews' and News ๐ฏ๐
The TON blockchain ecosystem is on a remarkable journey with impressive price targets and increasing adoption, particularly in innovative applications like Telegram Cats. Let's delve into the latest price analysis and ecosystem milestones.
Price Analysis:
Initial Entry: Identified in early September, the breakout from consolidation marked the first entry point.
Target 1 ($2.897): The price reached the first target, confirming the bullish trend.
Target 2 ($4.519): The upward trajectory continued, hitting the second target.
Target 3 ($6.996): Momentum carried on to the third target.
Target 4 ($10.347): The next target projects the price to around the 10.347 level, indicating further growth potential.
Target 5 ($16.206): The final target suggests the possibility of the price reaching up to 16.206, showcasing the long-term bullish outlook.
Support and Resistance Levels:
Support: The 6.996 level has now turned into a strong support zone.
Resistance: The current resistance level is at 7.402.
Ecosystem Highlights:
Surpassing Cardano: TON has surpassed Cardano in staking market cap, solidifying its position as a top PoS network. This achievement underscores the growing adoption and robustness of the TON ecosystem.
Binance's Investment in Gaming: Binance's investment in the Telegram-based gaming bot Catizen highlights the integration of TON with mainstream platforms, aiming to enhance blockchain-based gaming experiences.
Telegram Cats & Open League Success: The second season of The Open League saw the blockchain game Catizen top the ecosystem application list, achieving a UAW of 92,936 and over 1 million on-chain transactions. Catizen's success exemplifies TON's commitment to fostering innovation and competition within its ecosystem. This playful integration with Telegram has significantly boosted user engagement and adoption.
What's Next?:
With strategic investments and continuous innovation, TON is poised for further growth and adoption.
The success of The Open League and projects like Catizen showcases the vibrant and competitive environment within the TON ecosystem, promising more groundbreaking projects in future seasons.
Investors and stakeholders should stay tuned to TON's ongoing developments and strategic initiatives, as the network continues to strengthen its position in the blockchain space.
One Love,
The FXPROFESSOR ๐
References
Previous Posts:
Telegram's TON Coin: A Rollercoaster Ride
Telegram's Blockchain Supercomputer
Telegram's TON Coin: A Rollercoaster Ride
News Sources:
TON Surpasses Cardano in Staking Market Cap
Binance Invests in Telegram Gaming Bot Catizen
The Open League's Second Season Ends
Potential upward movement towards $7.7After touching the support level of $6.77, the price of TON has moved upwards and is currently fluctuating between the $6.85 and $7.7 levels. This fluctuation indicates that the market has not yet made a decisive move in its next direction.
The likely scenario is that after a price drop to the lower channel boundary at $6.85, it will resume its upward movement towards the price target of $7.7.
TON buy setupThe symbol TON is one of the good currencies of the market, which has been in a bullish structure for some time
I consider a POI range for TON which can reject the price to the upside.
I have specified the targets on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
THE OPEN NETWORK (TON 4H) The Open Network (TON) is designed as a distributed supercomputer, or โsuperserver,โ intended to provide a variety of products and services to contribute to the development of the decentralized vision for the new internet. A decentralized and open internet, created by the community using a technology designed by Telegram. With an increasing TVL and a growing ecosystem the future looks good for TON.
The TON chart is a very interesting one. Over the last few month it has performed very well despite the overall market conditions.
A near 300% increase since FEB compared to 45% for BTC, and has maintained most of its gains when compared to other altcoins.
The TONBTC chart is one of the strongest out there, massively outperforming BTC in the recent months to maintain a bullish trend.
Both BTC & USDT pairs are above the 4H 200 EMA.
CERTIK top 10 on every category ( Fundamental 80, Operational 92.19, Governance 94.73, Market 95.94, Community 95.38, Code 97.31).
My trade idea based on these points is simple:
- Flipping the 4H 200 EMA as support.
- Flipping the range MIDPOINT as support.
- Respecting the diagonal support trendline.
- After breaking out of the bearish trendline, now retesting it as support.
-The STOP LOSS comes into play once all of the above areas of support and confluence are broken, the trade is obviously invalid at this level once losing market structure, range midpoint & Key S/R level.
The overall trade R:R I feel is good at this point purely because of the clear support areas at this level. I think a lot of this trade will require BTC to behave and continue its recovery, it may be bearish for the BTC pair but not the Stable pair.
Where to buy TON?The big structure of TON is bullish, but with the bearish CH we see on the chart, it seems that it intends to make a range or make an internal pullback.
The green area is where we look for buy/long positions.
The target can be the red box.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Opportunity to Buy TON in the Next One to Two WeeksCurrently, TON is showing a triangle breakdown. The support level around $6.25could hold it well, but there is a possibility that the price dip further, potentially reaching the $5.75 area. This could present a good buying opportunity at lower prices. Itโs important to monitor the situation closely once the price approaches this level to make an informed decision.
Things you might like:
- Trend Key Points Indicator have been used to draw important key levels and key points.
- Abnormal Pin Bar indicator
- You can use Big Moves Indicator to be aware of major moves on the chart by marking them and getting alert for them.
TON Coin: Riding the Bullish Wave with Strategic EntriesThe cryptocurrency market is buzzing with excitement as TON coin enters a strong bullish phase. Recent price movements have shown significant potential, driven by key technical indicators and market dynamics. Let's delve into the latest developments and strategic trading insights for TON coin.
Current Market Performance
TON coin is currently in a bullish market, having recently retested the previous support level at $7.11137. This retest was accompanied by the formation of a luftwing candle on the 4-hour chart, a strong bullish signal that often precedes upward price movements. This bullish momentum is in line with the broader market trends and reflects a positive outlook for TON coin.
Key Technical Indicators
Support Retest: The price retesting the support level at $7.11137 indicates a strong foundation for further gains. This level has held firm, reinforcing its importance as a key support zone.
Luftwing Candle Formation: The recent luftwing candle on the 4-hour chart signals the beginning of bullish momentum. This pattern often suggests that buyers are stepping in, driving prices higher.
Bitcoin Correlation: TON coin is also showing a delayed response to the gains seen in Bitcoin over the past few days. This correlation often signals a broader market rally, providing additional bullish sentiment for TON coin.
Strategic Entry and Profit Targets
Given the current market conditions, a strategic entry was made at $7.212. With the bullish momentum in play, the profit target is set at $7.5400. This target aligns with the ongoing uptrend and reflects a reasonable expectation of further price appreciation.
Market Sentiment and Outlook
The overall market sentiment for TON coin is bullish, supported by both technical indicators and broader market trends. The delayed response to Bitcoin's gains suggests that TON coin is poised for further upward movement, benefiting from the positive sentiment in the crypto space.
TONUSDT Trade SetupTON looks good for a long entry. A nice rebound has taken place with the price currently facing a 50 EMA resistance at $7.321.
Entry: $7.062 to CMP.
Stop loss: $6.936.
Leverage: 5x to 10x.
R:R: 3:11.
Targets: $7.534, $7.732, $7.935, $8.235.
Accumulate the dip and use SL for a safe trade.
DYOR, NFA.
Thanks
#TON #Crypto
The last bullish chance of TONCOIN in short-term !!OKX: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.
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โ ๏ธThings can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Lingrid | TONUSDT consolidation CONTINUES. Potential longObserving the OKX:TONUSDT , we can notice that most significant price movements tend to occur over the weekends. Recently, the price has formed a double bottom and tweezer bottom candlestick pattern, which is a bullish indication. The price has bounced off a key support level, creating an upward channel. Since the price action has been moving sideways within a range zone established at the beginning of July, I anticipate continuation of the consolidation until we see clear trend. I think that the market may pull back to the support level before reversing and moving upwards. My target is resistance zone around 7.445.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ๐ฉโ๐ป
TONCOIN๐ TONUSDT Trading Analysis ๐
๐ This chart for TON/USDT on the 1-hour timeframe shows a significant downtrend line (black) that has been recently broken, signaling potential upward movement. ๐
Key Levels:
Resistance Zone (Red): 7.254 - 7.500 โ
Support Zone (Red): 7.085 - 7.162 โ
Major Support Zone (Green): 6.370 - 6.460 ๐ข
Target Prices (TP) ๐ฏ:
TP-1: 7.382
TP-2: 7.548
TP-3: 7.664
TP-4: 7.849
TP-5: 8.053
TP-6: 8.087
TP-7: 8.112
Analysis ๐:
The trader expects the price to rise after breaking the downtrend line, targeting the levels mentioned above. Entry and exit points are:
Entry Point: Around 7.321 (just above the support zone) ๐
Targets: From 7.382 to 8.112 ๐
Stop Loss: Around 7.085 (below the support zone) ๐
Strengths & Weaknesses:
Strengths: Breaking the downtrend line and proximity to the support zone ๐ช
Weaknesses: Strong resistance zones ahead ๐ง
Overall, this is a long trade setup expecting a gradual upward movement towards the target prices based on technical analysis. ๐โก๏ธ๐