TON to retrace to 0.618 FibI know this will not be poplular, but the new darling of crypto, TON, has a negative derivative happening. I believe there will be a buying opportunity at $4.70.
TONUSDT_EQD8TJ trade ideas
Toncoin (TON) Market Analysis: Anticipating a Drop Towards 6.5Hello, Traders and Investors!
Today, we're examining Toncoin (TON), which is anticipated to experience a price drop towards the 6.5 region. Let's explore the factors influencing this potential movement.
Price Action:
Toncoin is currently under pressure, with expectations of a drop towards the 6.5 region.
This anticipated decline is driven by various market factors, including an increase in the supply of Toncoin.
Technical Analysis:
Support Levels: The key support level to monitor is at 6.5. If Toncoin continues to drop, it could test this support soon.
Resistance Levels: On the upside, resistance is expected around 7.2. A break above this level could signal a potential recovery.
Moving Averages: Both the 50-day and 200-day moving averages are currently flat, indicating a lack of strong directional movement.
RSI (Relative Strength Index): The RSI is approaching the oversold territory, suggesting that we might see a rebound if buying pressure increases.
Market Sentiment:
The market sentiment for Toncoin has been affected by the excess supply in the market.
Telegram's ongoing 50% APY giveaway is contributing to the increase in Toncoin supply, putting downward pressure on the price.
Fundamental Analysis:
The excess Toncoin available due to Telegram's APY giveaway is a significant factor in the expected price drop.
Keep an eye on any news related to Telegram's distribution and other fundamental factors that could influence Toncoin's price.
Long position on TONUSDT 2H/ False Head & Shoulder alertCRYPTO:TONUSD
OKX:TONUSDT
Mid-risk status: 2x-5x Leverage
⚡️TP:
6.75
6.8
6.85
6.9
7.01
7.09
7.14 (In Optimistic Scenario)
➡️SL:
6.45
6.34
The Alternate scenario:
If the price stabilize below the trigger zone, the setup will be cancelled.
TONUSDT: BREAKOUT CONFIRMED, SHORTER TF!!Hello everyone,
Lets take a quick view on #TONUSDT,
TON is broke out of this triangle in shorter TF. Currently, it is taking a support over 200MA. Taking a long possible here with the setup below.
#TONUSDT LONG TRADE SETUP:
ENTRY: $6.718 - $6.746
Target 1: $6.86
Target 2: $6.97
SL: $6.68
Happy Trading!!
TON Coin AnalysisToncoin (TON), has seen remarkable price appreciation from February to July 2024. The TON token price surged from $2.2052 on February 15, 2024, to an all-time high of $8.2889, representing a 375.8% increase. By February 28, 2024, the rally had started, creating significant higher highs and lower lows.
The price appreciation can be attributed to several factors, including the growing adoption and usage of the TON network, the successful launch of the Open League incentives program, and the integration with Telegram's large user base. Additionally, the partnership with Tether to release $60 million of USDT on the TON blockchain has further bolstered the network's credibility and utility. In February, Telegram announced ad revenue sharing, which splits profits 50/50 with channel owners. Most importantly, the revenue is paid out in TON’s native token, Toncoin, and facilitated through the network, further increasing the trading volume.
On the one-day timeframe, TON is forming a rising wedge, which is a sign of a potential bearish reversal. Although there is room for hitting a new all-time high (ATH), we can expect TON to break down from the wedge if no other external factors are involved.
Examining the oscillators in the same timeframe, the Relative Strength Index (RSI) stands at 50.5635, forecasting a neutral sign. However, the MACD level (12, 26) stands at 0.0150, signaling a bearish shade. Moving averages, both SMA and EMA on larger periods, indicate a bullish trend, while the lower periods indicate bearish signals.
#TON/USDT#TON
The price is moving within a descending channel pattern on the 4-hour frame and broke it upwards after adhering to it significantly
We have a downtrend on the RSI indicator and it was broken upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 6.40
We have a trend to dot higher than the 100 moving average
Entry price 6.65
First target 7.01
Second target 7.30
Third target 7.62
Frankly, I don't feel like explaining, the chart says it all !!TONUSDT is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .
The break out needed for increasing further has not happened but it should happen pretty soon.
✨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!!
TONUSDT 28Jul TF 1DayThis currency is not yet bearish in terms of structure, but it is forming a cup pattern. If this pattern is formed, the price will move towards $5
TONUSDT Price PredictionAlways and at all times. All events will occur in the chart.
Trend Prediction - TON/USDT Forecasting - Resistance and Support Lines
**** Yousef Sharafi ****
TONUSDT Price PredictionAlways and at all times. All events will occur in the chart.
Trend Prediction - TON/USDT Forecasting - Resistance and Support Lines
**** Yousef Sharafi ****
The last bullish chance of TONCOIN in short-term !!COINEX:TONUSDT
TON is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .
The break out needed for increasing further has not happened but it should happen pretty soon.
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅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!!
TONUSDT TRADING PLAN PROGRESS.I'm still holding for a bit, this is just a result of our previous analysis, on Ton, we aew still holding a bit longer. Trade safely and good risk management.
Why Toncoin Is No Candidate For A Long Trade!TON has delivered an exceptional performance since March. Moreover, contrary to most of the market, it kept climbing in May and June.
However, the current chart sends some bearish signals that must be incorporated into trading decisions. As a result, I don't consider TON for any long trades at the moment.
Here are the details:
- TON broke below the long-term uptrend on the daily chart. The attempt to climb above the trend line was rejected. On the contrary, TON dove deeper.
- TON printed a bearish cross in the Ichimoku cloud.
- TON dropped below the Ichimoku cloud, and the future cloud turned bearish simultaneously.
- Moreover, the chart shows a double top at the 8.12 level.
Summarized, the amount of bearish signals can't be overlooked. Therefore, it will be interesting to watch how TON performs if the market continues to be bullish.
#TONUSDT two channels : yellow & green
resistancer red line and support green line is obvious.
The failure of any of these lines can be the position of growth or the next correction
TON haqida kichik texnik analizTON coin hozirgi kunda barchaning diqqat markazida bo'lib turibdi, ayniqsa investitsiya qilib kutib turganlar soni anchina. Shuning uchun kichik video yozdim, agar qiziq bo'lsa videolarni davom ettirish rejasi bor.
Ton 5 oylik trendni buzganini kuzatdik o'tgan haftada demak bozor strukturasi biroz o'zgardi. Ton bo'yicha 2 ta uroven muhim hisoblanib, 1-uroven $6,22 2-uroven esa $4,83 deb hisoblayman. 1-uroven anchagina kuchli va TON ga qiziqishni hisobga olsak shu narxdan uroven yuqorisi $8,2 ko'tarilish ehtimoli yuqori. Lekin bozorda yetarlicha kuch bo'lmasa, 2-urovenga tushush ehtimoli ham yo'q emas. Kuzatamiz.
Bu video va ma'lumotlar hech qanday investsion, trade harakterga ega emas va maslahat berilmaydi.
TONUSDT TRADING PLAN
Looking at the chart today we discovered that Ton has been ranging between 7.0040 and 6.4488, according to my analysis it seems like we have An AMD formation where the Asian session is our rally then the New York session is our Accumulation phase, the break of the New York session will be manipulation for us, and mitigation in the Supply zone or DB ZONE will trigger the distribution phase down to the previous demand zone.
I hope this plan is understandable, do Trade safe
Lingrid | TONUSDT has Reached DEMAND zone. Potential LONGOKX:TONUSDT has reached demand zone. Looking left at the price action, we can observe that it has previously reversed swiftly from a bearish trend to a bullish one from this area. The market has broken through the range zone, and this pullback has triggered a significant correction. I anticipate that this pullback continuation of sideways movement between 6.50 and 7.70. On the weekly timeframe, the market has broken below the lows of the last two weeks, suggesting that it may seek liquidity in this area before moving higher. Additionally it bounced off the June's low. While we can't overlook the impressive bullish momentum seen in last month, I expect the market to consolidate briefly before resuming the upward move. My goal is the resistance zone 7.100
Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩💻
Daily Trading Plan for BTC SOL NEAR TONPlease view and comment on my daily trading plan for BTC SOL NEAR and TON
TON Coin: Bullish 'Mews' and News 🚀😺 TON Coin: Bullish 'Mews' and News 🎯📈
The TON blockchain ecosystem is on a remarkable journey with impressive price targets and increasing adoption, particularly in innovative applications like Telegram Cats. Let's delve into the latest price analysis and ecosystem milestones.
Price Analysis:
Initial Entry: Identified in early September, the breakout from consolidation marked the first entry point.
Target 1 ($2.897): The price reached the first target, confirming the bullish trend.
Target 2 ($4.519): The upward trajectory continued, hitting the second target.
Target 3 ($6.996): Momentum carried on to the third target.
Target 4 ($10.347): The next target projects the price to around the 10.347 level, indicating further growth potential.
Target 5 ($16.206): The final target suggests the possibility of the price reaching up to 16.206, showcasing the long-term bullish outlook.
Support and Resistance Levels:
Support: The 6.996 level has now turned into a strong support zone.
Resistance: The current resistance level is at 7.402.
Ecosystem Highlights:
Surpassing Cardano: TON has surpassed Cardano in staking market cap, solidifying its position as a top PoS network. This achievement underscores the growing adoption and robustness of the TON ecosystem.
Binance's Investment in Gaming: Binance's investment in the Telegram-based gaming bot Catizen highlights the integration of TON with mainstream platforms, aiming to enhance blockchain-based gaming experiences.
Telegram Cats & Open League Success: The second season of The Open League saw the blockchain game Catizen top the ecosystem application list, achieving a UAW of 92,936 and over 1 million on-chain transactions. Catizen's success exemplifies TON's commitment to fostering innovation and competition within its ecosystem. This playful integration with Telegram has significantly boosted user engagement and adoption.
What's Next?:
With strategic investments and continuous innovation, TON is poised for further growth and adoption.
The success of The Open League and projects like Catizen showcases the vibrant and competitive environment within the TON ecosystem, promising more groundbreaking projects in future seasons.
Investors and stakeholders should stay tuned to TON's ongoing developments and strategic initiatives, as the network continues to strengthen its position in the blockchain space.
One Love,
The FXPROFESSOR 💙
References
Previous Posts:
Telegram's TON Coin: A Rollercoaster Ride
Telegram's Blockchain Supercomputer
Telegram's TON Coin: A Rollercoaster Ride
News Sources:
TON Surpasses Cardano in Staking Market Cap
Binance Invests in Telegram Gaming Bot Catizen
The Open League's Second Season Ends
Sell IdeaPrice is weak, with CRYPTOCAP:BTC also loosing steam. A good sell to the support zone is probable.
Potential upward movement towards $7.7After touching the support level of $6.77, the price of TON has moved upwards and is currently fluctuating between the $6.85 and $7.7 levels. This fluctuation indicates that the market has not yet made a decisive move in its next direction.
The likely scenario is that after a price drop to the lower channel boundary at $6.85, it will resume its upward movement towards the price target of $7.7.
TON buy setupThe symbol TON is one of the good currencies of the market, which has been in a bullish structure for some time
I consider a POI range for TON which can reject the price to the upside.
I have specified the targets on the chart.
Closing a daily candle above the invalidation level will violate the analysis.
Note that the financial market is risky, so:
Do not enter a position without setting a stop and capital management and confirmation and trigger.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
