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TONCOIN/USDT Perpetual Contract

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TONCOINUSDT.P trade ideas

What's Next For TON?TON dropped ~20% after the news that Telegram founder Pavel Durov was arrested in Paris. The arrest followed investigations that focused on a lack of moderators on Telegram. According to French media, Durov faces a possible indictment on Sunday. Overall, the case is quite complex since Durov also holds Russian citizenship. Let's take a look at the chart! Once the news came out, TON started a free fall. Shorts/hedges undoubtedly contributed most of the decline. However, the sharp decline was stopped by the long-term uptrend line similar to the drop in May and the beginning of August. Depending on the details of today's indictment, we might see another move to the downside. However, the level between 4.6 and 4.8 should serve as solid support. Although it is always risky to catch a falling knife, the market seems to be overreacting, and we should see a reversal soon. With CRYPTOCAP:BNB , any Binance FUD was usually a buy and saw the same price action and shorts going in. These things do tend to take some time to play out so don't expect a full retrace the same day.
by ben_walther
TON: Important Technical Analysis in a Daily Timeframe!Hello everyone, I’m Cryptorphic. I’ve been sharing insightful charts and analysis for the past seven years. Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals. Now, let’s dive into this chart analysis: After the latest news about the founder of Telegram, TONCOIN faced a sharp 20% drop in its price. The price is currently hovering at $5.86, and the recent decline raises concerns among traders and investors. Here's my technical analysis of TONCOIN on a daily timeframe. TON has an important support trendline around $5.34, which it must hold to stay in the game. If a rebound occurs, TON will likely test the blue dotted resistance trendline, potentially leading to bullish momentum. The lower support at $4.636 will be the crucial level for TON to hold if we see a further decline. Given the negative experiences from past incidents, be cautious and conduct thorough research before investing. Key Levels: - Support Trendline: $5.2556 to $5.6458. - Lower Support: $4.836. - Primary Resistance: $6.452. - Bullish Move: A close above the primary resistance and 50 EMA. - Bearish Move: A close below the lower support. DYOR, NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #TON #Toncoin
by Cryptorphic
Toncoin Lower High Confirmed (Bearish Continuation)➢ What one does, the rest follows! Toncoin (TONUSDT) is moving ahead and this shows what is coming to the rest of the crypto-giants that are yet to complete their bearish wave. Here we have this chart depicting a clear lower high on high volume. Today's move is a continuation of the correction that developed after the mid-June All-Time High. A bearish wave always follows a bullish wave... The good news? A bullish wave always follows a bearish wave. When this correction is over, the market will enter a new growth phase and this can last for years. The last growth phase for Bitcoin lasted 16 months; from November 2022 (market bottom) through March 2024 (market top). One final drop; one final leg down; one final crash and it is over... The bears are done. Once the bears let go off the market, it is time for us to have real, positive, GREEN, fun. I will be here reading the charts for you. Thanks a lot for your continued support. Namaste.
Short
by AlanSantana
7
TONUSDT 1H in Sideways MovementTONUSDT continues to trade sideways on the daily timeframe, with the price consolidating between 6.00 and 7.00, indicating an accumulation phase. On the weekly timeframe, the price remains within the range set by the previous week. Notably, the price has broken above and closed above the 6.00 level, a historically strong support. Given these factors, it seems likely that the market will continue to consolidate within this range until August. The target is the resistance zone around 7.660
Long
by RTED_Investing
Lingrid | TONUSDT remains Stagnant in SIDEWAYS MovementOKX:TONUSDT continues to move sideways on the daily timeframe, with the price consolidating above 6.00 and below 7.00. This suggests that the market is in an accumulation phase. On the weekly timeframe, the price remains within the range established in the previous week. It's important to note that the price has broken and closed above the 6.00 level, which has historically acted as a strong support level. Given these conditions, it appears that the market will likely stay within this consolidation zone until August. My target is resistance zone around 7.660 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
3
TON weekly analysisToncoin hits record high daily active addresses, but is TON a ‘bubble’? – analysis by AMBCrypto The TON Masterchain has reached a record of 946 daily active addresses, a 7x increase since July 2021, as Kyledoops noted on X (formerly Twitter). This growth reflected rising network activity, the expansion of dApps and work chains, and potential higher demand for Toncoin (TON). Although some analysts suggested that the TON blockchain might be a bubble due to its low daily active user count, broader market metrics challenge this view, indicating the network’s solid progress and potential in the long-term. Meanwhile, Toncoin has shown strong potential as a top coin to hold on the support. The TON/USDT weekly chart revealed a reversal candle with a long tail, indicating bullish pressure, supported by growing volume in recent weeks. Moreover, Bollinger Bands are tightening, suggesting a potential squeeze, but the best bet lies in the breakout to the upside. On the daily time frame, Toncoin was nearing a breakout above 100 simple moving average, which has posed some resistance.
by paul_endeo
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.
Long
by altFINS
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.
by trushkovskiy