TON → Is the coin still bullish? When is $10.00?
Updated
TONUSDT still continues to accumulate potential with the purpose of breaking through resistance 7.671 and continuing growth. Bulls are actively defending the zones of interest and continue to hold the positive market structure. Demonstration of a bullish structure. Continuation of upward movement on W1
Earlier, on the background of the general market correction the price formed a false breakout, which did not lead to a break of the bullish structure or to a strong fall. From the area of interest (without capturing liquidity) buyers are actively buying the asset and again trying to return to the resistance retest, which will only increase the chance of a breakout. Fundamentally and technically, TON looks very positive at the moment. But this does not mean that sellers are unable to change the nature of the price movement.
Conditions under which the upward movement and positive structure will be broken
Resistance levels: 7.671, 8.288
Support levels: 6.727, 6.202
Technically, there is a high probability of a continuation of the upward trend, but there is also a probability of a support break, which will break the uptrend and change the market imbalance. At this point, while the price is consolidating and continues to shrink to resistance, we should consider a bullish set-up.
Regards R. Linda!
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The 7.230 level also plays an important role
Consolidation above it will strengthen the bullish potential
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Resistance retestTrade active
An attempt to break through resistance is forming!Trade active
TON continues to test ascending triangle resistance with a breakout target
Fundamental and technicals are bullish
Any push from ETH or BTC could trigger a rally
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Consolidation and retest to breakout continuesPrice consolidation above the 7.850 area will be a positive sign to go upwards
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Very strong dynamic buyers vs. limit seller at 7.85Decreased volatility in front of the level - this increases the chance before the breakdown
*Chance of level breakdown on the background of high volatility is low
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Liquidation is forming. A strong buyer appears on the market, having stocked up at more favorable prices
Another resistance retest is formed.
We are still waiting for a breakdown and price consolidation above the key zone with the purpose of further growth.
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com
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