TON
#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
TON (Toncoin): Approaching ResistanceTrade setup : Trends are mixed but price remains in an Uptrend on a long-term basis. It bounced off of 200-day moving average, which acts as support, and reached our near-term target of $6.75 for +25% gain. Now we look for the right entry opportunity in Uptrend.
We wait for price to either 1) break above $6.75 to signal continuation of uptrend, with +20% upside potential to $8.30 next, or 2) pullback to 200-day MA for another swing entry with +25% upside potential to $6.75. Stop Loss at $4.40. (set a price alert). We also issued a bullish fundamental research report (Coin Pick) on TON recently (May 24) that suggests there's 80% upside based on comparable valuation of other L-1 and L-2 networks.
Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Up, Medium-term trend is Neutral and Long-term trend is Neutral.
Momentum is Bullish but inflecting. MACD Line is still above MACD Signal Line but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum could be nearing a downswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $6.00, then $4.75. Nearest Resistance Zone is $6.75, then $8.30.
Aug 20Overview:
For the first time in the last six trading days, the S&P 500 closed with a red candle (-0.20%), even though its wick extended higher than the previous trading day. The key macroeconomic event to watch this week is the release of the "Minutes of the Fed's July FOMC meeting" on Wednesday, which will provide insights into the discussions and debates among Federal Reserve officials, revealing their views on the current state of the economy.
Overall, this week might be relatively calm as the market anticipates potential rate cuts, election outcomes, and TradFi executives wrapping up their vacations. For example, much of Western Europe essentially shuts down in August, with many French citizens heading to the south of France, Germans traveling to Turkey, and Italians and Spaniards taking a more relaxed approach to work all year round.
By the way, it's been a while since we’ve seen any major hacks or rug pulls in the crypto space. Imagine running the 15th largest crypto exchange and starting to see diminishing returns as enthusiasm for the current bull run fades. You also notice more consolidation among the top 2-3 CEXs, while DEXs are gaining traction and cutting into your profits. This grim outlook might lead to some troubling thoughts cooking up. Although FTX filed for bankruptcy on November 12th, and BTC at that time dropped by 70%, we still have time to make informed decisions as we sit at the end of August. Remember: not your keys, not your crypto ...cough ...cough Lido...
Alts Relative to BTC:
Alts haven’t diverged much from BTC, but on the 4-hour chart, ETH shows a small MACD divergence between Sunday the 18th and Tuesday the 20th, with SOL showing it even more clearly. This suggests that while BTC remains within its daily range, alts are showing more weakness. Only AR and TAO have shown positive price action in the last two days. We know about the Grayscale news regarding the TAO trust, but what’s driving AR?
In the DeFi sector, AAVE continues to pump.
Bull Case:
We’ve reached the bottom and are now heading upward. Alts are already at their lows, and major institutional investors and governments haven’t even started accumulating the new digital gold. The world’s major economies are relatively healthy, and in 3-4 years, we might look back at 2024 as the bottom and the end of the "COVID economy." More money could flow into risky and alternative assets like crypto.
Bear Case:
Despite the macro outlook, crypto has likely reached its intermediate bull run, driven mainly by ETF demand without any major crypto breakthroughs or new use cases like DeFi. In reality, only a few market participants hadn’t yet entered the crypto space and needed an institutional vehicle like an ETF.
Fear and Greed Index:
45.39. The index has flattened over the last three days, mirroring BTC’s price, indicating neither strong buy nor sell opportunities.
Weekly: Range trading, slowly moving toward the BB MA, which it may reach within the next two weeks (conveniently the last two weeks of August).
Daily: BTC continues to trade within its daily range. It broke above the BB MA, but no significant pump followed. Bulls appear weak and may need more accumulation, a "whale push," or this might not be the time. Was it a fake-out?
4-Hour: Range trading, no divergences.
1-Hour: Range trading, no divergences.
Prediction:
Range trading with a possible spike up to $62k.
Opportunities:
SOL: Shows a bearish divergence on the 4-hour timeframe but could quickly reverse if BTC prints a green candle.
TON: Has completed the "Motive" part of Elliott’s wave pattern. In about 40 hours, it might finish the B wave, presenting a short opportunity that could last through the entire C wave down.
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TONUSDTThis chart for the TON/USDT pair shows a strong upward movement with several key time intervals marked by vertical lines. Here’s a breakdown of what these time intervals might indicate:
Key Dates and Potential Market Movements:
August 19, 2024, 16:00:
Scenario: This is the first red-marked interval, which may indicate a potential pause or correction after the recent strong upward movement. Traders might begin to take profits, causing a temporary pullback.
Impact on Price: The price might experience a minor dip or consolidation phase around this time.
August 20, 2024, 08:00:
Scenario: The green-marked interval suggests a possible continuation of the bullish trend or a recovery if the market corrected earlier. Positive market sentiment or news could drive further buying interest.
Impact on Price: There could be another push upwards, possibly testing new highs or reinforcing the current trend.
August 21, 2024, 02:00:
Scenario: The next red-marked interval might signal another potential reversal or correction phase. External factors or market saturation could lead to a pullback.
Impact on Price: A possible dip in price as traders reassess their positions.
August 22, 2024, 11:00:
Scenario: The green-marked interval indicates a return to bullish sentiment or a stabilization of the market after any previous corrections.
Impact on Price: The market may stabilize or resume its upward movement, depending on the overall trend strength.
August 23, 2024, 08:00:
Scenario: This red interval suggests another potential market event or reaction, possibly due to external factors or news impacting the market.
Impact on Price: Another dip or consolidation might occur around this time.
August 24, 2024, 00:00:
Scenario: The final green interval in the short-term analysis might indicate a resumption of the trend or stabilization after previous fluctuations.
Impact on Price: The price could either stabilize or continue its upward trajectory if the overall market conditions are favorable.
Considerations for Traders:
Volatility: The chart indicates several points of potential volatility within the next few days. Traders should be cautious and consider setting stop losses or taking profits at appropriate levels.
News Impact: Keep an eye on any news or market events around these dates, as they could significantly influence price movements.
TONcoin TON price is ready to rise, isn't it?Against the backdrop of current and planned activities around #TONcoin, we conducted our TA)
We drew a few lines back and forth and here is our verdict:
- by the end of 2024, 1 CRYPTOCAP:TON can cost $15-16).
Of course, you will say that our analysis is full of bullshit and “wishful thinking” and you can do better!
And we completely agree with you!
You can do better, so share your analysis of OKX:TONUSDT in the comments and write your expectations for the possible future price!)
TON USDT🔍 TON/USDT Analysis: Upcoming Key Dates for Strategic Entries 📊
The TON/USDT chart highlights several critical dates that could offer prime opportunities for market entry:
August 16, 2024, 19:00 (UTC+3), August 24, 2024, 07:00 (UTC+3), September 4, 2024, 15:00 (UTC+3) - Green Lines: These dates indicate potential local lows, making them ideal for accumulating TON or entering long positions. Traders should consider these times as opportunities to build or add to positions ahead of expected market movements.
By aligning your strategy with these key dates, you can optimize your entries and maximize potential gains.
SELL UNTILL 13 of November
#TON #TONUSDT #CryptoTrading #MarketAnalysis #Cryptocurrency #TradingStrategy
TON's First Bullish Flip Since July: Is It Ready For a Breakout?Yello, Paradisers! Is #TONUSDT gearing up for a major breakout, or will it hit a wall at the current resistance levels? Let's dive into the details to find out what's next.
💎First time since early July, #TON has flipped its 4-hour price structure back into a bullish bias. However, the price now faces immediate resistance between the 6.37 and 6.50 levels. If Bitcoin maintains its strength, there's a good chance TON could break through this resistance.
💎This immediate resistance is marked by both horizontal and descending resistance. Successfully breaking above 6.50 would set the stage for an initial push toward the 6.85 level, followed by a strong resistance zone between 7.20 and 7.40.
💎On the downside, the 6.05 level now serves as good support. If TON can hold this level, it stands a better chance of pushing higher. Conversely, losing this support could see the price slide back to the 5.72 to 5.40 range before making another attempt to move higher.
Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
Phemex Analysis #15: TON to the Moon or Back to Earth? For those who read our previous post on PHEMEX:TONUSDT.P (Phemex Analysis #11: TON_Is it Time to Buy the Dip?), we hope you managed to secure a favorable entry point during the dip.
The recent news of TON's inclusion in Binance Launchpool has sent shockwaves through the crypto community. Naturally, the question on everyone's mind is: Will this development significantly impact TON's price?
Let's break down potential scenarios for TON's price movement:
1. Breakout Rise
If the Binance Launchpool listing catalyzes a positive sentiment around TON, we could witness a price surge that breaches the $6.9 resistance level. Accompanied by robust trading volume, TON might then challenge the subsequent resistance levels at $7.6 and $8.2.
It's crucial to remember that such rapid ascents often lack sustainability. Therefore, considering a quick profit-taking strategy might be prudent. As always, the broader market sentiment should be a key factor in your trading decisions.
2. Price Decline
Conversely, if the market remains indifferent to the Binance Launchpool news, TON's price could potentially retest the $4.8 support level or even dip lower. In such a scenario, exercising caution is paramount.
3. Continued Consolidation
There's also a possibility that TON's price will oscillate within a range of $6.0 to $6.9 for an extended period. This consolidation phase can be frustrating, but it's essential to maintain patience and await a clear breakout signal before establishing long or short positions.
Additional Considerations:
Fundamental Analysis: While technical analysis provides valuable insights, it's equally important to consider TON's underlying fundamentals. Factors such as the project's development progress, team strength, and community engagement can influence its long-term trajectory.
Risk Management: Regardless of your chosen strategy, implementing robust risk management practices is non-negotiable. Set stop-loss orders and take-profit levels to protect your capital and secure potential gains.
Diversification: Don't put all your eggs in one basket. Diversifying your crypto portfolio across different assets can help mitigate risks.
Note: Pulse is offering $500 PULSE to all new Phemex users. Sign up for Pulse quickly!
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
TON The perfect buy at $4.5-$5 - limit orderLet's set a limit order in case of a significant drop. This coin has great potential and is very powerful.
I recommend simply placing a limit order at the price of $4.5-5, and if it triggers, it will be a very good position.
However, I warn you that it might take a week or two for the limit order to be filled.
TON/USDT Gears Up for a Bullish Breakout: $7.00 in SightThe 1-hour chart for TON/USDT on Binance reveals a clear bullish trend, characterized by a series of higher highs and higher lows. The price action has formed a distinct ascending structure, with each pullback being met with strong buying interest, as indicated by the red support lines.
The current setup shows that the price is consolidating after a strong upward move, forming a small pullback that aligns with previous support levels. This pattern suggests a potential continuation of the bullish trend, with a key resistance level at $7.00 acting as the next major target.
If the price breaks above the recent highs and continues its upward momentum, a rally toward $7.00 could be expected.
NOTHING !!BINANCE:TONUSDT
✨ After the fifth bullish wave, TONUSDT has completed his corrective waves (ABC) , now it is time to start the five bullish waves, and now finished first wave and need alittle Correction.
✨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!!
NOT - Expecting a reversal from support#NOT/USDT #Analysis
Description
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+ Price is consolidating in the support zone for a while now.
+ Seems like long term trend will reverse and expecting a breakout from here.
+ A strong reversal can easily break the resistance line and head towards new ATH
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VectorAlgo Trade Details
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Entry Price: 0.01310812(After breakout)
Stop Loss: 0.00904266
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Target 1: 0.01417381
Target 2: 0.01740184
Target 3: 0.02217319
Target 4: 0.02542342
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Timeframe:12H
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
TON - Raising to the moon#TON/USDT #Analysis
Description
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+ Price has successfully reversed from the support zone and we are seeing a strong bullish trend.
+ i'm expecting to see a minor pull back before hitting the resistance zone.
+ I see a good opportunity for long trade here.
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VectorAlgo Trade Details
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Entry Price: 6.6
Stop Loss: 5
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Target 1: 7.2
Target 2: 8
Target 3: 10
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Timeframe: 1D
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
TON is looking bearish - Good for shorting$BINANCE:TONUSDT (1D CHART) Technical Analysis Update
TON is currently trading at $6.8 and showing an overall bearish sentiment. It is around the support zone, which is looking very weak. The price could break down at any moment. This is a good opportunity for a short trade.
Entry level: $ 6.87
Stop Loss Level: $ 8.6
TakeProfit 1: $ 6.487
TakeProfit 2: $ 6.183
TakeProfit 3: $ 5.753
TakeProfit 4: $ 5.226
TakeProfit 5: $ 4.755
Max Leverage: 2x
Position Size: 1% of capital
Remember to set your stop loss.
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Cheers
GreenCrypto
TON/USDT: Holds Potential for $10.Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
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Now, let’s dive into this chart analysis:
TON recently showed a decent rebound after its latest listing on a major exchange. With the price currently at $6.27, it is likely that TON will target $10, potentially breaking above its all-time high level.
The RSI shows a hidden bullish divergence, indicating that a significant bullish rally could be coming soon.
In the long run, TON holds the potential to go massive.
Key levels:
- Support: $4.85.
- Accumulation: CMP to $4.85.
- Resistance/Target: $8-$10.
- RSI: Hidden Bullish Divergence.
DYOR. NFA.
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#PEACE
TONUSDT. Looking for sales opportunityHi traders and investors!
It might be time to open short positions on TON.
Daily Timeframe Analysis
On the daily timeframe, the price has formed a sideways movement. The buyer's vector 4-5 has reached all its targets. Yesterday, the seller brought the price back into the range, and the daily candle closed below the upper boundary of the range at 7.675. Additionally, a seller's zone has formed at the upper boundary of the range (red rectangle on the chart). The lower boundary of the range is at 4.5983. The current seller's vector 5-6 has a potential target of 5.18. The nearest obstacles are 6.58 and 5.9777.
Hourly Timeframe Analysis
On the hourly timeframe, there is a downtrend. The last selling impulse started from the level of 7.5862. This level also serves as the seller's defense of the breakout from the range on the hourly timeframe (marked as RPL on the chart). Currently, the price has interacted with the 50% level of the last selling impulse (7.2243) but has not been able to overcome it so far.
Selling Strategy
It is reasonable to look for selling opportunities based on the idea of realizing the seller's vector 5-6 in the range on the daily timeframe. Possible levels to look for sales if defended by the seller include 7.5862 (hourly timeframe) and 7.675 (daily timeframe).
Alternatively, after a new selling impulse appears on the hourly timeframe, identify the seller's areas of interest and look for selling opportunities from the defense of these areas.