TONUSDT.P trade ideas
Toncoin (TON) price analysis amidst Durov arrestToncoin (TON) has lost a staggering 21% over the past week as its value plummeted following the arrest of Telegram founder Pavel Durov. More bad news for TON is that French authorities have charged Durov with complicity in multiple criminal activities and failing to provide cryptographic access per the authorities’ demands. TON plummeted following news of Durov’s arrest on August 24, dropping almost 12%, slipping below crucial support levels and wiping out considerable gains made over the previous week. TON continued to drop over the weekend, falling to a low of $5.26 before demand at lower levels enabled a recovery of sorts. Despite this, TON fell by almost 3%, settling just above the 200-day SMA at $5.76.
Buyers attempted a recovery on Monday as TON rose to a day high of $5.99, almost regaining the $6 level. However, sentiment changed, and sellers retook control, driving TON down by nearly 11% to $5.14. The drop also saw TON slip below the 200-day SMA and the $5.50 support level. The current session has seen buyers enter the market, indicating lower-level demand. TON is currently up by just over 6% and trading around the $5.45 mark. If buyers continue to enter the market, TON could push back above $5.50 and attempt to reclaim the levels above the 200-day SMA. However, TON could slump back to $5 if sentiment changes again.
Position buyThis chart for TONUSDT (Toncoin against USDT) on a 4-hour timeframe seems to be highlighting an entry and exit strategy for traders. Here’s a breakdown:
Key Elements:
1. Best Entry Zone (5$) 🚀:
- 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.
Phemex Analysis #16: TON - A Calculated Dip or a Risky Gamble?The recent turbulence surrounding Telegram has undoubtedly impacted the TON market. While the potential for a rebound exists, it's crucial to approach this situation with caution and a well-informed strategy. For investors who believe in TON's long-term prospects, understanding key technical support levels can provide valuable insights for potential entry points.
Support Levels
$4.60: A historically strong support level, indicating potential buying interest at this price.
$3.30: While untested, it could offer robust support based on past performance.
$2.15: This is the most critical support level. A break below this could signal a more extended downtrend.
Entry Strategies
Higher Probability: Purchasing slightly above the support level can increase the likelihood of a successful entry, but it also carries a higher risk.
Lower Risk: Buying at or below the support level offers a more conservative approach, but it may involve potential slippage or missed opportunities.
Additional Considerations
Bitcoin's Influence: Keep a close eye on Bitcoin's price, as it often sets the tone for the broader cryptocurrency market.
Telegram's Founder: News related to Pavel Durov, the founder of Telegram and TON, can significantly impact the price.
Conclusion
While TON's long-term potential remains promising, the current market conditions demand a cautious approach. Conduct thorough research, consider your risk tolerance, and utilize technical analysis to make informed decisions.
Note: Have you tried Phemex’s Multiple Watchlists yet? We’re the first crypto exchange to offer fully customizable watchlists, allowing you to rename, rearrange, and even place basket orders on all the coins within your lists.
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 At A Critical Situation, Long Or Short?Following durov's detention in france, TON expereience a black monday level drop, and now the support line below the parallel channel is being tested. If durov gets a free get out of jail card, we might experience a big comeback from TON. But if that doesn't happen, telegram might get banned in india and then we might see the downfall of TON to 2.7.
I think Both Scenarios are highly possible, but my money is on LONG.
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I'm new to trading and this is not an investment advice!
I also must note that I am Almost ALWAYS Wrong!
TON Coin Mid Term LONG IdeaTON coin is currently experiencing panic selling due to the founder’s arrest. However, we believe in the strength and potential of the TON ecosystem.
Technically, it’s at levels that are suitable for buying, and long-term investors may consider adding it to their SPOT wallets using the DCA strategy.
For those who prefer to avoid risk, they can wait to enter the trade after a deviation outside the range.
Take your risk, make some profit !
TON meets Adam & EveLooking bearish in the short term for TON. If this Adam & Eve plays out there will be a great entry point below $5.00 in the coming weeks. Likely createing a double bottom before it launches to the moon. Just my thoughts.
TONUSDTHere’s a sample analysis text for the TON/USDT pair based on the 1-hour timeframe chart you provided:
🔍 TON/USDT Analysis: 1-Hour Timeframe 📉
The TON/USDT chart on a 1-hour timeframe indicates key upcoming dates where price movements may provide trading opportunities. It’s essential to align these signals with higher timeframes for a holistic view of the market.
• August 26, 2024, 21:00, August 28, 2024, 21:00 - Green Lines: These times suggest potential local lows. These moments might offer favorable conditions for accumulating TON or entering long positions.
When dealing with this 1-hour timeframe, remember that these movements should be analyzed within the context of higher timeframes to gain a comprehensive understanding of the overall market trend.
Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
TON - TONS of COINS MOVING!!!Why not try to bet on things with strength?
This one still keeping the trend intact. Many have been acted strongly like NYSE:FET LSE:ONDO $RUNE. Worth to try this one out.
Had two bearish retest at $7 with no real follow through. Still staying above $6.4.
Time to go long and wait what the weekend can bring us.
TON SCENARIOHere’s a scenario for TON in which I’m willing to participate:
I’m not considering any purchases above $4.6. However, I’d be glad to buy in at $3.7, targeting $7, $8.7, $10, and $12. The chart reflects the key levels I’m watching, and I’m ready to act when the price aligns with these targets.
Stay sharp and patient! 📊
Telegram Faces Challenges Amid Pavel Durov’s ArrestThe recent arrest of Pavel Durov, co-founder and CEO of Telegram, has sparked a wave of controversy and speculation across the tech and crypto communities. The arrest in Paris, reportedly linked to allegations of platform abuse, has led to a resurgence of an old hoax claiming Apple might remove Telegram from the App Store. This has caused significant fluctuations in the value of Toncoin ( CRYPTOCAP:TON ), the cryptocurrency associated with Telegram’s blockchain.
Apple's Stance and the Hoax Debunked
Rumors of Apple removing Telegram have been circulating, fueled by the recent arrest of Pavel Durov. However, these rumors are baseless. Apple has officially stated that it has no plans to remove the Telegram app, debunking the latest wave of misinformation. Social media and X Community Notes have clarified that these posts echo a similar hoax from 2021.
Telegram’s Defense and Community Response
Telegram has responded robustly, asserting that it abides by all EU regulations and condemning the allegations against Durov as unfounded. The company emphasizes that Durov's arrest has been met with strong backlash, not just from the public but also from industry leaders and celebrities. Prominent figures such as Elon Musk, Robert F. Kennedy Jr., and Andrew Tate have voiced their support for Durov, criticizing what they see as an attack on freedom of speech and privacy.
Impact on Toncoin ( CRYPTOCAP:TON ) and Market Movements
The arrest has had a notable impact on Toncoin ( CRYPTOCAP:TON ), which saw a sharp 20% drop in price following the news. As of now, TON is trading at $5.64, slightly recovering from its low. This price volatility reflects the uncertainty and reaction within the crypto market. Meanwhile, Resistance Dog (REDO), a cryptocurrency associated with the Digital Resistance campaign to support Durov, has surged by 160%, highlighting a strong community-driven response.
Technical Aspects and Market Sentiment
The current technical landscape for Toncoin ( CRYPTOCAP:TON ) shows a significant drop in trading volume alongside the price decline. Despite this, the slight rebound indicates some resilience in the market. The broader crypto community's support for Durov, including notable figures pledging funds for his legal defense, underscores the high stakes involved. The market sentiment is closely tied to the ongoing campaign to #FreeDurov and the broader implications for privacy and censorship in the digital age.
Industry Leaders Rally for Support
The #FreeDurov campaign has gained momentum, with substantial backing from the tech industry and cryptocurrency community. Elon Musk and Robert F. Kennedy Jr. have been vocal supporters, emphasizing the importance of protecting free speech and criticizing the perceived overreach by authorities. Additionally, Justin Sun and Memeland have committed significant resources to support Durov’s legal battle, further highlighting the strong ties between the Telegram and DeFi communities.
Conclusion
Pavel Durov’s arrest has not only triggered a wave of support but also brought to light the challenges facing Telegram and Toncoin ( CRYPTOCAP:TON ). As the situation unfolds, the response from industry leaders and the crypto community will be crucial in shaping the future of both Telegram and its associated cryptocurrency. The developments underscore the complex interplay between technology, privacy, and regulation in today's digital landscape.
TON Toncoin the next FTX/ LUNA ?! CEO Pavel Durov Arrested ! If you haven`t bought TON before the brekout:
Now the recent arrest of Telegram CEO Pavel Durov in France has sent shockwaves through the cryptocurrency world, particularly concerning the future of TON coin.
Durov's arrest stems from allegations by OFIM, a French national police office, accusing him of complicity in crimes such as drug trafficking, distribution of child sexual abuse material (CSAM), and fraud due to Telegram's lack of moderation.
This development raises serious concerns about TON coin's stability. Investors fear a sharp decline, drawing parallels to the collapses of FTX and LUNA, which suffered massive selloffs following high-profile scandals involving their founders.
With Durov as the face of Telegram and a key figure in the TON ecosystem, his legal troubles could significantly erode confidence in the cryptocurrency.
The arrest could lead to increased regulatory scrutiny of Telegram, potentially causing further issues for TON coin.
In the short term, investors should brace for potential volatility, as the risk of a selloff looms large.
The future of TON coin now hinges on how Durov's legal situation unfolds and whether Telegram can withstand the resulting pressures.
TONUSDT 1H - Impact of Durov's ArrestTONUSDT on the 1-hour chart shows a sharp downward movement, clearly influenced by the arrest of Pavel Durov, founder and CEO of Telegram. The news caused panic among investors, resulting in a massive sell-off of TON, as seen on the chart.
Before the drop, the price of TON was in an accumulation phase, with a strong upward trend, as highlighted in the first accumulation zone. However, the news of Durov's arrest triggered a breakout of this accumulation, causing the price to fall sharply.
After the large sell-off, TON found temporary support at the $5.245 range, where it began a new accumulation period. This accumulation is marked by an attempt by the market to absorb the initial shock and stabilize the price.
The MACD shows negative momentum, but with signs of a possible reversal, indicating that the market may be trying to recover from the sharp drop.
The current accumulation may be a sign that investors are starting to gain confidence again. However, the market is still in a state of uncertainty, and further price movements may depend on more information about Durov's situation and the community's response.
TONCOIN: Possible "Head-Shoulders" under construction?!TONCOIN: Possible "Head-Shoulders" under construction?!
Detection of a possible chart pattern "Head-Shoulder" = "SUMMER" in Daily"
Monitor the " Nech line", and the Fibonacci and ICHIMOKU levels, as well as the 50 and 200 exponential moving averages on higher time units if necessary.
The downside targets are indicated on the chart.
We could return to the levels before the "Bull run"!!
Following the arrest of Pavel Durov, CEO of the company "Telegram Messenger", this news could accelerate the downward movement sharply!
Be careful!!
Toncoin hi guys
On the price chart, when we still hold the support area of $4.46, and the LL is not made for us, we cannot expect a bearish trend.
If the $4.46 support range is fully consumed, a bearish scenario is likely.
Right now, the bullish scenario weighs more for us. And if the $7.95 resistance area is completely consumed, the bullish mentality will be reinforced for us.
what do you think!?
TONCOIN is bullish if it survives this day. I have marked the important support levels of TONCOIN on chart and and you can see price has respected it even today. So Buckleup for a bullish ride ahead. #TONCOIN
TON → there is no risk for toincoin so farhello guys.
Let's analyze OKX:TONUSDT
Top Line Resistance: The chart identifies a rising resistance level (top line) that the price has tested multiple times but failed to break above convincingly. A breakout above this line could signal a bullish move.
Neckline Support: There is a crucial support level (neckline) that has held up the price so far. The analyst suggests that if the price breaks below this neckline, it could trigger a bearish move.
Bearish Scenario:
If the price breaks below the neckline, the target for the downside is around the $3.10 level.
This level is marked as the "target of breaking down" and could act as strong support if the price reaches it.
Bullish Scenario:
If the price manages to hold the neckline and breaks above the top line, the chart suggests a potential upward move toward higher levels.
Current Price Action: The price is currently around $5.62, showing a potential retest of the neckline. Traders should watch for a decisive move either below the neckline or above the top line to determine the next major trend direction.
This analysis outlines the importance of the neckline as a critical level. The outcome of whether the price breaks below this level or holds above it will likely dictate the future trend direction.
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✓✓✓ Always do your research.
❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.
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Honestly, I don't feel like explaining, the chart says it all !!If it closes below the midline this week, price may see the bottom of the channel.
maybe...
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅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!!
TON's Situation: What Shall we Expect ??BINANCE:TONUSDT
TONUSDT is attempting to break through resistance of symmetrical triangle pattern after bouncing off support.
✅ Due to the Ascending structure of the chart...
🟢 High potential areas are clear in the chart.
🟢 Finished the correction Wave.
Note: we should wait for the breaking of the triangle and than make a move!
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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✅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!!
Ton potential entry zoneI've marked the level and identified the potential entry zone for a long position. I'll be waiting for a breakout of the level, not just a simple retest. If the price moves up from current levels to retest the high, then the scenario will be canceled
