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Tonshort

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! Like 👍 and comment if you found this analysis useful!
Short
by TraderEngineering
4
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!
Short
by TraderEngineering
2
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! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
by TraderEngineering
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
BITFINEX:TONUSDLong
by CryptoSanders9563
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
BITFINEX:TONUSDLong
by CryptoSanders9563
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.
CRYPTO:TONUSDLong
by CryptoSanders9563
2
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
BITFINEX:TONUSDLong
by CryptoSanders9563