Looking at this Toncoin (TON/USD) chart, I see a well-defined ascending channel pattern that's been forming since early 2022, with several key technical elements worth noting:
Channel Structure & Current Position
Price is trading at $3.5686 (+0.67%)
TON is currently near the lower boundary of the ascending channel (marked as "Buy Zone" at ~$2.6)
RSI (14) is at 27.43, indicating oversold conditions
Key Price Points
Current support at the lower channel line (~$2.6-2.7 range)
Strong horizontal support around $2.7155
Resistance zone at $12-13 (marked in blue rectangle)
In mid-term this setup suggests a potential buying opportunity with:
Entry Zone: $2.6-2.8 area (where the price meets the lower channel boundary)
Stop Loss: Below $2.2 (approximately 15% below entry to account for volatility)
Profit Targets:
First target: $6.0 (previous resistance level)
Second target: $9.0 (previous high marked as point 3)
Maximum target: $12-13 zone (upper channel projection)
in long temm in 2-3 yaers later i see a bright future for TON's holder!!
Please tell me what you think about the future of TON.
All the best
Channel Structure & Current Position
Price is trading at $3.5686 (+0.67%)
TON is currently near the lower boundary of the ascending channel (marked as "Buy Zone" at ~$2.6)
RSI (14) is at 27.43, indicating oversold conditions
Key Price Points
Current support at the lower channel line (~$2.6-2.7 range)
Strong horizontal support around $2.7155
Resistance zone at $12-13 (marked in blue rectangle)
In mid-term this setup suggests a potential buying opportunity with:
Entry Zone: $2.6-2.8 area (where the price meets the lower channel boundary)
Stop Loss: Below $2.2 (approximately 15% below entry to account for volatility)
Profit Targets:
First target: $6.0 (previous resistance level)
Second target: $9.0 (previous high marked as point 3)
Maximum target: $12-13 zone (upper channel projection)
in long temm in 2-3 yaers later i see a bright future for TON's holder!!
Please tell me what you think about the future of TON.
All the best
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.