Toncoin/Tether
Long
Updated

Lingrid | TONUSDT Possible REVERSAL Pattern at SUPPORT Zone

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TONUSDT market continues to consolidate, reflecting the overall crypto market's current phase of consolidation. Last week's candle was a doji with a small range. The price dipped below the previous week's low and is currently trading around that level. Given that the price is forming a potential inverse head and shoulders pattern, it seems the market may be preparing for a reversal from this support zone. On the daily timeframe, we have observed an inside bar pattern. If the market breaks above the previous day's high, there is a strong chance that the price will reach the resistance zone. I expect a price increase, especially since it has bounced off the key support level at 3.50. My goal is resistance zone around 3.70


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