TONCOIN: $10 Possible!
I hope you all are doing well.
TONCOIN is under a rising wedge pattern and is leaning toward the support trendline. It would be a 30% drop if TON reached the support trendline of $3.8.
This range is a good accumulation zone for TON. If we can get TON at the price point of the lower support of $2.56 then it will be awesome.
With the current price of TON at $5.5, a breakout above the 50 EMA resistance will likely invalidate the drop and the price could seek for a higher rally.
In the end, whether TON starts to rally from CMP or the lower support, the target of $10-$12 is inevitable.
Important points:
- Current Struggle: $50 EMA resistance, rejection is likely.
- Accumulation Range: $3.8-$.
- Lower Accumulation Range: $2.56.
- Target: $10-$12.
I hope you find this update helpful. Make sure you do your research and analysis before making any decision.
Regards,
Team Dexter
#cryptocurrency #TON
Related publications
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.