Chart Analysis: TON/USDTThe chart provides a technical analysis of the cryptocurrency pair TON/USDT on a daily timeframe. Key elements include:
Price Action : Candlestick patterns illustrate the price movement of TON/USDT over time.
Trend Lines : Two descending orange trend lines indicate a downtrend.
Support and Resistance Zones :
A grey shaded area around the price level of 4.780, indicating a support zone.
Another grey shaded area around the price level of 6.883, indicating a resistance zone.
Projected Price Movement : Blue lines suggest potential future price movements, indicating a bullish scenario where the price could rise to around 6.883 and then potentially retrace before continuing upward.
Price Levels : Key price levels are marked with green horizontal lines at 4.780, 6.134, and 6.883.
Percentage Gain : A label shows a potential gain of 2.108 (44.14%) if the price moves from the current level to the resistance zone at 6.883.
This chart is valuable for traders and investors as it provides a visual representation of potential future price movements based on historical data and technical analysis. The use of trend lines, support and resistance zones, and projected price paths helps in making informed trading decisions.
Tonanalysis
TONUSDT - Weekly timeframeThis weekly analysis of the TON/USDT chart highlights a potential price movement scenario based on recent price actions and support/resistance zones. The chart shows that TON/USDT has encountered significant support around the 4.780 level, as indicated by the shaded grey zone. Price recently dipped into this support area before bouncing back, suggesting that buyers might be accumulating at this level. The projection indicates an anticipated rally, with the price likely moving up to test resistance levels around 6.134 and 6.883.
The blue line illustrates the expected path, with a slight retracement near the current price region (around 5.446) before a continued upward momentum. The analysis suggests that a breakout above 6.134 could confirm a stronger bullish trend, targeting the upper resistance at 6.883. This bullish outlook would likely depend on the price holding above the 4.780 support zone. Conversely, if the price fails to hold above this support, it could invalidate the projected upward movement.
This setup combines technical support and resistance levels, with the grey zones marking key areas of interest for potential entries and exits based on price action.
Left Behind No More: TON Prepares to Join the Bull Market SurgeBINANCE:TONUSD has been lagging behind the broader market rally, showing little momentum while other assets have been catching fire in this early bull run. But TON’s underperformance may be setting it up for a parabolic move as it catches up with the rest of the pack. The key now is how it navigates a series of critical resistance levels that could pave the way for a strong breakout.
Chart Analysis
BINANCE:TONUSD faces a major trendline resistance overhead, which has kept its price action constrained. This trendline has acted as a ceiling, pushing TON back down each time it attempted a breakout. But the setup is starting to look primed for a potential breakout, especially if it clears the daily order block (OB) near $5.18.
Entry Levels
Aggressive Entry: For those looking to enter sooner, around $4.89 aligns with the first resistance level and a potential retest of the order block. This level might reject, but for those willing to take the risk, it provides an early entry point.
Safer Entry Level: Waiting for a daily close above $5.18 could offer a stronger entry. This would confirm a break above the daily OB, flipping it into support and creating a solid foundation for TON’s next leg up.
Clearing $5.18 with a solid daily close will signal that TON is ready to reclaim lost ground. From there, the next significant target is around $6.68, followed by an eventual test of $7.42. This range, once reached, could push TON into a more sustained uptrend, as it gains strength from the breaker block above, leading it to catch up with other assets in the bull market.
Target & Potential Path
If CRYPTO:TONUSD TON breaks these resistance levels and confirms the trendline breakout, it could trigger a chain reaction—one that propels it toward $8.36 and beyond. This level represents a long-term target and is the likely zone for profit-taking as TON aligns with the broader market’s bullish momentum.
The setup is there. Now it’s a matter of whether TON can seize the momentum and break out of its slumber.
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Toncoin TON price will surprise everyone💎If you look closely at the OKX:TONUSDT chart, you can see/think that the last six months have seen a global trend reversal pattern - Head and Shoulders.
But! This pattern will be confirmed after the price of CRYPTOCAP:TON is firmly fixed below $4.50. Then the target is $2.30-2.50.
However, this is all very obvious, trite, and not interesting)
We want this idea to become prophetic and Legendary, so we hope for the beginning of a hypercycle of #Toncoin price growth with an ultimate goal of $93
_____________________
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TON buyTONUSDT 2024-09-30 | 📊 Technical Analysis and Trade Setup 💹
Toncoin (TONUSDT) is currently in a mild uptrend, trading around 5.799 USDT. The price action shows a steady recovery after a significant drop, with higher lows indicating increasing buyer strength 📈. Key support levels are at 5.611 and 5.037 USDT, while resistance stands at 6.150 and 6.750 USDT.
🚀 Buy Entry: 5.799 USDT
🎯 Take Profit (TP-1): 5.581 USDT
🎯 Take Profit (TP-2): 5.811 USDT
🎯 Take Profit (TP-32): 6.150 USDT
🔻 Stop Loss (SL): 5.037 USDT
If the price holds above the support zone and breaks through resistance, we could see further upward momentum 📈. Manage your risk with a strict stop-loss below 5.037 USDT ⚠️.
TON/USDT Trading ScenarioThe decline in the TON value following the arrest of the founder of Telegram and the TON platform mirrors the scenario of BNB's price drop after the arrest of Binance's CEO.
At that time, BNB lost over 30% of its value, then entered a sideways trend. However, with the start of BTC's rise at the end of December, the asset's price not only recovered but also surged by more than 280%.
In the case of TON, we are observing a similar situation, making the current price attractive, while any further decline provides an additional opportunity to increase returns. The TON network and the Telegram messenger are fundamental factors contributing to the trust in this asset.
Position buyThis chart for TONUSDT (Toncoin against USDT) on a 4-hour timeframe seems to be highlighting an entry and exit strategy for traders. Here’s a breakdown:
Key Elements:
1. Best Entry Zone (5$) 🚀:
- The chart indicates that the $5.00 level is considered the "best entry" point for opening a long position, suggesting that the trader expects a price reversal or an upward movement from this level.
2. Take Profit 1 (TP-1) 🎯:
- The first take profit target is at $5.543, meaning that once the price reaches this level, traders may choose to lock in some profits.
3. Take Profit 2 (TP-2) 🎯:
- The second take profit target is at $6.144, where further profit can be taken if the price continues to rise.
4. Take Profit 3 (TP-3) 🎯:
- The third and highest target is set at $6.731, which suggests a more ambitious profit target if the price continues its upward momentum.
5. Stop Loss (SL) 🛑:
- The stop loss is placed just below $4.627, meaning that if the price drops to this level, the trade will be closed to limit losses.
Summary:
- Entry: Around $5.00 (best entry).
- Take Profit Targets:
- TP1: $5.543
- TP2: $6.144
- TP3: $6.731
- Stop Loss: $4.627
This is a simple risk management strategy where the trader aims to catch a bounce from the $5.00 level with multiple profit-taking points on the way up and a defined exit if the price moves against them.
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'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 #11: TON_Is it Time to Buy the Dip?PHEMEX:TONUSDT.P experienced a meteoric rise from $2 to its all-time high (ATH) of $8.284, representing a staggering 400% increase in just four months. While the broader cryptocurrency market faced a downturn since March, TON demonstrated resilience, continuing its upward trajectory. However, the recent drop below the 1-day 50 EMA and formation of a lower high at $7.64 suggest a potential bearish trend emerging.
Given the current market conditions, investors are pondering whether it's an opportune moment to accumulate TON at a potentially discounted price. It's noteworthy that several prominent institutions, including Pantera Capital and DWF Labs, maintain a bullish outlook on the project.
To navigate the evolving market dynamics, it's essential to consider potential price scenarios:
Consolidation and Subsequent Rally: The price may stabilize around the $6.35 support level before embarking on another upward movement. If TON surpasses its previous ATH of $8.284 with substantial trading volume, it could signal the onset of a sustained bullish trend. In such a scenario, investors might consider chasing the upward momentum to capitalize on potential gains.
Extended Downtrend: Alternatively, the price could breach the $6.35 support level and continue its downward trajectory, seeking support at $6.0, $5.60, or $4.60. These levels could present attractive entry points for long-term investors if a reversal occurs, indicating a potential buying opportunity.
It's crucial to recognize that the TON ecosystem is still in its nascent stages, with substantial growth prospects on the horizon. The project's potential is undeniable.
Note: Our SocialFi Platform - Pulse now had 500 $PULSE Airdrop for all Phemex users. Check it out now.
Toncoin TON price are preparing for a strong moveNow #TONUSDT price is being squeezed quite firmly under the strong level of $6.7-7, which was mentioned 4 months ago
It looks like they are preparing for a strong move.
The intermediate target for #TON is $11.50, the final one is $13.50, is it realistic?)
🤪 But which route?
💙 $6,80 👉8,20 👉$6,80 👉$9,20 👉$8,20 👉$13,50
❤️ $6,80 👉$5,60 👉$8,20 👉$6,80👉 $11,50
Vote in the comments
TON Coin ! Correction ?Toncoin is full of news and events on this project's platform
Weakness of the uptrend can be observed due to decreasing volume and rising price. The uptrend line, which has moved less and less upwards each time it has been hit, indicates that we can expect a correction. However, once our uptrend line is broken and we consolidate below the $6 Range (daily candle closes),
And if you pay attention to RSI the line has a downward trend and this indicator also confirms that we can have a correction
Now if this happens, our first target could be the $5.59 Range, then the $(4.8 - 4.59) zone.
And if our uptrend line throws the price upwards, we can expect the $(7.5 - 7.88) Range to be broken, in which case our targets could be $10.12 and then $13.58.
Please note that the confirmation of the zone is the daily candle close.
And know that this is my analysis and is not financial advice at all, there is no 100% in the financial market.
I would be happy to hear your opinion as well?
Brief TON Analysis | Bearish Trend? Key S & R Levels 8H TFOn the 8H TF for TON, after hitting an ATH in Apr 2024, the price corrected by 40%, establishing a new Higher Low. The subsequent recovery was accompanied by a minor sideways trend, but the price failed to reach and overcome the previous high, forming a Lower High, signaling weakening buying pressure. This was followed by a corrective pullback and transition into a sideways trend. The current consolidation range is between $6.00 and $6.70, which can be considered local support and resistance zones.
◼️ During this consolidation phase, trading volumes have decreased, indicating market uncertainty and a lack of strong interest from participants. Holding above $6.70 could lead to testing the resistance levels at $7.10 and $7.46. An increase in volume upon breaking these resistances will be crucial confirmation for this scenario. Conversely, failure to break and hold above the local resistance zone might result in a pullback to the support areas around $5.60. If these support levels fail to hold, further declines and the formation of a new lower low are possible.
◼️ The current chart setup points to uncertainty and the potential formation of a sideways trend with a bearish bias. Close monitoring of trading volumes and price reactions at key support and resistance levels will be critical to confirming the next direction of the trend.
Disclaimer: Content for seasoned traders only. Not financial advice. You bear sole responsibility for trading outcomes. ➖ DYOR
TON → Sideways Forever! Until Now?? Let's Maximize Your Profits.TON has been meandering sideways for weeks after its bear drop in November. Are we ready to take a trade?
How do we trade this? 🤔
We have a gap to the previous Support Area, price rejection at the Daily 200EMA, a useless RSI reading, and Bitcoin hinting at a move to the downside. This isn't a perfect setup, but we have enough to consider a small position 1:1 Risk/Reward scalp to the downside. Wait for a break below the 30EMA with a bear candle closing on or near its low. It's then reasonable, with a small position size, to take a short trade back to the Support Area. Keep an eye on Bitcoin's behavior as well. A good dive from Bitcoin could take the rest of the market in that direction.
💡 Trade Idea 💡
Short Entry: $2.1750
🟥 Stop Loss: $2.2700
✅ Take Profit: $2.0800
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Price Rejected above 200EMA.
2. Gap to Support area, Bias to short.
3. Wait for Bull Sell Candle Closing Below 30EMA
4. RSI at 50.00 and Above Moving Average, Indecision.
5. Bitcoin may Pullback or Reverse, could influence TON Price.
💰 Trading Tip 💰
Lower probability trades with Risk/Reward Ratios around 1:1 should have small position sizes. The risk is too great and the probability doesn't carry enough to make the trade worth risking your maximum allowed loss.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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TON → Failure to Break 200EMA! More Downward Pressure Coming?Toncoin has failed to break the 1HR 200EMA consistently for over a week which doesn't scream much confidence for the bulls. Are we about to see another dip?
How do we trade this? 🤔
The last 5 failures to break the 200EMA are a strong signal to short. Each candle sports a big wick on their top and collectively are forming a double top patten which usually includes a fall in price. If a strong bear candle closes and the RSI falls just below the Moving Average, it's reasonable to short a 1:2 Risk/Reward Ratio down to just before the Previous Support at $2.024.
💡 Trade Idea 💡
Short Entry: $2.1800
🟥 Stop Loss: $2.2375
✅ Take Profit: $2.0650
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bear Trend, Bias to Short.
2. Failure to break 200EAM, Look for Short Entry.
3. RSI at 56.00 and on Moving Average, Supports Bear Bias.
4. Two More Failed Attempts to Break 200EMA, Short with Confirmation.
5. Bitcoin at Risk of Trend Change, Supports Short Bias.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!