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Toncoin/Tether
Long

TON → Ready to ↑ to 7.0. The coin is stronger than the market

By RLinda
Updated
TONUSDT shows quite positive dynamics both from the fundamental side and from the technical side. An attempt to end the correction with the purpose of further growth continuation is being formed.

snapshot

A rather interesting setup is forming on D1 indicating the formation of a strong market bottom in the area of 4.8 - 4.6. After the retest of the key liquidity zone, the price forms a false breakdown of MA-200 and the transition to the bullish zone. At the moment, a pre-breakout setup is being formed against the resistance at 5.985 (6.0). On H4 this is the resistance of the correctional movement. Breakout and consolidation above this area will form a bullish potential, the target of which will be the growth to 7.2, 7.6.

Resistance levels: 6.0, 6.2, 7.2
Support levels: 5.923, 5.9

I expect the bulls to continue fighting for their positions. The pre-breakout formation may soon move to the realization phase with the purpose of growth to the mentioned zones.

Regards R. Linda!
Trade active
Consolidation above 6.0 is forming
Trade active
Bulls take the situation into their own hands. 6.3. We are waiting for the growth to continue
Trade active
snapshot
Comment
The coin looks very good for continued growth as part of realizing the potential
Trade active
snapshot
Trade closed: target reached
Target reached
+27%
Trade active
TON shows very good dynamics.
The price is approaching an important level, against which I will also wait for the continuation of growth
Trade active
It's a little ways to the end goal
Ascending ChannelBitcoin (Cryptocurrency)BTCUSDBTCUSDTChart PatternscryptoCryptocurrencyFundamental AnalysisTONtoncoinTrend AnalysisTrend Line Break
RLinda
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