✴️ Toncoin Major Bullishness (Full Analysis + Targets =135% Pot)
Updated
There are so many strong bullish signals on this chart that we will have to take a pause.
Ok, pause!
... ... ...
Let's get started!
Toncoin (TONUSD)
Our focus will go first to the overall chart, the chart structure and patterns.
Here we can see a very strong bullish bias and bullish candle/session today, as Toncoin breaks above "strong resistance".
This strong resistance is here marked with a bold dark blue line.
10-June TONUSD moved and stayed below this level for 80 days, today everything changed.
We can see something similar last year around October, not the same but very similar.
This is the most important signal and is confirmed as today session closes above this strong resistance which will turn into a strong support.
Trading volume should be really high right now (not shown here).
High volume works as confirmation of this move.
The higher the volume, the more weight the current action has.
Since we know the bigger picture and consider the Cryptocurrency market as a whole, we expect Toncoin to be super bullish and produce major growth.
Going into the indicators, we can start with the MACD:
This indicator is super strong.
Already on the bullish zone (above zero), trending up with the histogram full green. Plenty of room available for additional growth.
The RSI is no different... Let's have a closer look!
A reading of 75 on the daily timeframe = super strong.
It does not need any explanation.
When we put the strong daily session, high volume, MACD & RSI with the break above resistance all together, and we have the perfect storm.
It will be easy to see a continuation in the coming days.
Easy target at $2.18 followed by $2.50 and $2.91.
The main target being $4.10 for a nice 135%.
There can be more but we will have to wait and see how it all develops.
Good times ahead.
Namaste.
Ok, pause!
... ... ...
Let's get started!
Toncoin (TONUSD)
Our focus will go first to the overall chart, the chart structure and patterns.
Here we can see a very strong bullish bias and bullish candle/session today, as Toncoin breaks above "strong resistance".
This strong resistance is here marked with a bold dark blue line.
10-June TONUSD moved and stayed below this level for 80 days, today everything changed.
We can see something similar last year around October, not the same but very similar.
This is the most important signal and is confirmed as today session closes above this strong resistance which will turn into a strong support.
Trading volume should be really high right now (not shown here).
High volume works as confirmation of this move.
The higher the volume, the more weight the current action has.
Since we know the bigger picture and consider the Cryptocurrency market as a whole, we expect Toncoin to be super bullish and produce major growth.
Going into the indicators, we can start with the MACD:
This indicator is super strong.
Already on the bullish zone (above zero), trending up with the histogram full green. Plenty of room available for additional growth.
The RSI is no different... Let's have a closer look!
A reading of 75 on the daily timeframe = super strong.
It does not need any explanation.
When we put the strong daily session, high volume, MACD & RSI with the break above resistance all together, and we have the perfect storm.
It will be easy to see a continuation in the coming days.
Easy target at $2.18 followed by $2.50 and $2.91.
The main target being $4.10 for a nice 135%.
There can be more but we will have to wait and see how it all develops.
Good times ahead.
Namaste.
Note
This is looking really good, the chart is actually looking better now after a retrace that ended before hitting support.Our targets remain valid.
We continue aiming higher.
Thanks a lot for your support.
🔝 Daily Cryptocurrency Technical Analysis
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followalan.com
🔥 PREMIUM Trade-Numbers (6-In-1 Offer Now Live!)
lamatrades.com (Since 2017)
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
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