Chart Idea - TONUSDT Swing LongWhat an amazing classic bull flag pattern break out we see here.
Entry: 5.669
TP: 17.39
SL: 4.6
It's a swing trade and could take weeks or even months to playout. Will update the thread here with new comments.
Tonlong
TON → Break Resistance or Flop? Hold Your Entry! Lets Review.Toncoin is racing upward to break resistance in this perfect ascending triangle! Is there enough momentum for the pattern to play out? Or will the price surprise us and reverse down to the 200EMA?
How do we trade this?
If you're not already in a trade, do not enter . There is pain in either direction; we're too close to resistance to long and we don't have a bear signal bar or any strong data to support a reversal. Best to wait on the sidelines until one of two scenarios happens.
1. If the price breaks the Resistance Zone and shows support after the breakout, a long entry is reasonable. It would be a bonus if we see Bitcoin break its Weekly Resistance and make its way toward the $40,000 price range, which brings bullish sentiment to the Crypto market.
2. If the price fails to break resistance and shows us a strong bear signal bar; pin top with the small body closing on or near its low, then a short entry may be reasonable. The probability would be greater if you waited until the support line was broken and a strong bear candle closed below it.
Until then, let's see where the price action goes. FOMO (Fear of Missing Out) is your worst enemy. You're making more money by not falling for the seduction of market profit.
Trade Ideas
Short Entry : $2.33
Stop Loss: $1.39
Take Profit: $2.65
Risk/Reward Ratio: 1:1
Long Entry: $2.82
Stop Loss: $2.50
Take Profit: $3.47
Risk/Reward Ratio: 1:2
Key Takeaways
1. Ascending Triangle, Bias to Long.
2. Two Failed Attempts to Break Resistance.
3. Wait for Price to Break and Hold Above Resistance.
4. If Price Falls Below Support Line, Look to Short.
5. RSI at 53.00, above Moving Average. Bias to Long.
You are solely responsible for your trades, trade at your own risk!
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TON/USD 12 HOUR UPDATE BY CRYPTOSANDERS !!hello, welcome to this TON/USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Toncoin (TON) was in the green for a second straight session, moving closer to a key resistance level.
TON/USD jumped nearly 3% higher on Friday, peaking at the 2.15 level at the time of writing.
this is the strongest point TON has hit since the end of September when the price last collided with a ceiling of 2.25.
it appears this occurred as the RSI continued to close in on a ceiling at the 57.00 mark.
With price strength now at a reading of 54.22, the chances are high that a move to 57.00 will result in toncoin trading at 2.25.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
TON/USD 12hour UPDATE BY CRYPTO SANDERS !!hello, welcome to this TON/USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Toncoin (TON) moved away from a multi-week low in today’s session, as the price climbed above the 2.00 mark.
Following a low of 1.95 on Wednesday, TON/USD bulls pushed the token to a peak of 2.10 earlier in the day.
toncoin bounced from its lowest point since September 15, which has also been a key support point.
Traders opted to buy the dip at this point, with the relative strength index (RSI) rising past a ceiling of 50.00.
the index is tracking at 50.73, with a ceiling of 54.00 a possible target for buyers.
Should this point be hit, there is a good chance that TON will hit a ceiling at the 2.20 region in the coming days.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
TON/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this TON/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Toncoin (TON) fell by as much as 7% on Thursday, after recently climbing to its highest point in nine months.
TON/USD dropped to a low of 2.31 earlier in the day, after peaking at 2.49 less than 24 hours ago.
The drop came as toncoin bulls seemingly opted to secure gains, following a recent surge to its strongest point since late January.
After tracking deep in the overbought region in the past few days, toncoin’s RSI is now sitting at 65.19.
It appears that the next support point for price strength could be at 56.00, which may mean more profit-taking could be on the cards.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you.
TON/USD 12hour UPDATE BY CRYPTO SANDERS !!hello, welcome to this TON/USD update by CRYPTO SANDERS.
CHART ANALYSIS:- Toncoin (TON) was one of today’s biggest movers, as markets were buoyed by the news that it was partnering with Telegram.
Following a low of 1.73 on Tuesday, TON/USD rose to an intraday peak of 1.95 earlier in the day.
This surge resulted in toncoin rising by as much as 13%, nearing a recent high of 2.05 in the process.
the move led to the relative strength index (RSI) colliding with a ceiling at the 66.00 level.
Earlier gains have since faded as a result of a failed breakout beyond this point, leading to TON now trading at 1.93.
In order to move above 2.00, the aforementioned ceiling on the RSI must first be broken.
I have tried to bring the best possible outcome to this chart.
Hit the like button if you like it and share your charts in the comments section.
Thank you
