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TONUSDT Analyst in Daily 💠Hi guys 🌟 Most of the big companies, institutions or organizations try to launch their own coin or blockchain network. The popular messenger Telegram is no exception to this rule, Telegram's exclusive coin (Telegram) has shown a very good trend in this bearish market. This coin has been released under the name of Ton (TON). The site Cointelegraph has chosen this coin as the top 5 cryptocurrencies of 2022. TON cryptocurrency performance in 2022 Rate of return: negative 30.5% Department of activity: smart contract Current market cap: $3.52 billion Technical analysis of TON cryptocurrency in daily time frame Currently, as can be seen in the chart, this cryptocurrency continues its upward trend. Because the current price is bullish as long as it is above the previous pivot point ($1.8 level). Is this 30% drop of TON cryptocurrency a price correction or the beginning of a downward trend? In the following, we will answer this question with several technical points. The price of this cryptocurrency has now entered a corrective phase after a Sharpie rise to the $2.9 level, as you can see, the price has reacted to the 0.5 ($2) Fibonacci line. But the selling pressure is so high that the price is expected to choose lower levels for a range move (neutral) or a retracement move. Note: The 0.6 Fibonacci line is located at the $1.8 level, and the POC line in the Fixed Range Volume Profile utility also shows the $1.8 level as a high trading level. The level of $1.8 is also a trading node, the sellers who entered the position (Sell) at higher levels have chosen this level as their target. Therefore, according to the above point, if TON cryptocurrency does not have the ability to form return patterns at the level of $1.8 and the price breaks this support level downwards. We can say that it has entered a downward trend and this price drop is no longer in a corrective phase. If the above scenario does not happen, the price is expected to react to the targets of $2.4, $2.6, and $2.9. Supports: $2, $1.8, $1.5, $1.2 Resistances: $2.4, $2.6, $2.9
by arztoday
GBP/USD:SELL From Resistance Trendline Bearish Channel SHORTGBP/USD inside a Bearish channel today can have a reversal from the upper side of the dynamic trendline of the channel resistance for a new reversal in the direction of the main trend. The Stochastic indicator is in the overbought area with divergence and we are looking for a new reversal on the lower side of the chart. Today there is the US Unemployment Claims that measure The number of individuals who filed for unemployment insurance for the first time during the past week, Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy. If this data will show a lower number of claims, this will give a boost for the USD to grow and for the GBP to fall.
Short
by FOREXN1
14
EUR/USD:SELL From Resistance Area For A New SHORT SetupEUR/USD inside a Sideways area today can have a reversal from the upper-side resistance area where the price in the last sessions had already rebounded several times. Today there is the US Unemployment Claims that measure The number of individuals who filed for unemployment insurance for the first time during the past week, Although it's generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country's monetary policy. The Stochastic indicator is in the overbought area and we are looking for a new reversal on the lower side of the chart.
Short
by FOREXN1
14
GOLD:SELL From Resistance Level FIBO For A SHORT Setup ⚡️GOLD the price After our Take profit made Yesterday the price is trying to recover value today but the trend in the short period looks at this commodity in a Bearish momentum. The price today is struggling in a resistance Area with the confluence of the Fibonacci levels our Forecast continues to be bearish side. Important will be today the Key events: USA – Core Durable Goods Orders (MoM) (Nov) USA – Core PCE Price Index (MoM) (Nov) Canada – GDP (MoM) (Oct) USA – New Home Sales (Nov) We are Looking for a new SHORT setup here.
OANDA:XAUUSDShort
by FOREXN1
20
GBP/USD:SELL From FIBO Levels Resistance For A New SHORT ⚡️GBP/USD after reaching our yesterday target the price is still inside a Bearish channel and we are looking for a new possible pullback on the lower side of the market to close the Christmas rally. Important will be today the Key events: USA – Core Durable Goods Orders (MoM) (Nov) USA – Core PCE Price Index (MoM) (Nov) Canada – GDP (MoM) (Oct) USA – New Home Sales (Nov) We are Looking for a new SHORT setup here.
Short
by FOREXN1
12
NZD/USD:SELL From FIBO Resistance Levels For A New SHORT Setup⚡️NZD/USD Inside a Bearish channel in the last hours price is trying to recover value but as you can see the price is making Lower-highs and Lower-lows. Now the Price is approaching a Resistance Area with the presence of the FIBO Levels where in this spot the price may have a new Reversal in the direction of the main trend. Important will be today the Key events: USA – Core Durable Goods Orders (MoM) (Nov) USA – Core PCE Price Index (MoM) (Nov) Canada – GDP (MoM) (Oct) USA – New Home Sales (Nov) We are Looking for a new SHORT setup here.
Short
by FOREXN1
5
EUR/USD:SELL From Sideways Area Waiting US Economic Data SHORT ⚡EUR/USD is still inside a sideways area where the price can start a new bearish rally. In the daily timeframe, the price seems to make a double Top / Pullback after the raising of the last sessions, and Today the economic news, in detail, the Key events USA – GDP (QoQ) (Q3) and the USA – Initial Jobless Claims can give a new boost for the USD to recover the decline of the lasts sessions. We are Looking for a Bearish Setup for EUR.
Short
by FOREXN1
11
GOLD:SELL BAT Pattern Double TOP Resistance SHORT Setup ⚡️GOLD possible Short Setup with formation BAT Pattern in area 1820.00 with possible double TOP on this resistance level. The stochastic is also in the overbought scenario and our forecast is Bearish. Today the Economic news will be crucial to understand the next movements of this metal. Key events: Canada – Core CPI (MoM) (Nov) USA – CB Consumer Confidence (Dec) USA – Existing Home Sales (Nov) USA – Crude Oil Inventories
OANDA:XAUUSDShort
by FOREXN1
9
GBP/USD:SELL From 61.8% FIBO Bearish Channel SHORT Setup ⚡️The British Pound, following our yesterday forecast it's inside a bearish channel in the lower timeframe and a narrow/ sideways area in the higher. The price had a double rebound on the 61.8% Fibo inside the channel and today the US economic news may be crucial for all the pairs against USD to understand the next movement for the end of the year. Key events: Canada – Core CPI (MoM) (Nov) USA – CB Consumer Confidence (Dec) USA – Existing Home Sales (Nov) USA – Crude Oil Inventories
Short
by FOREXN1
8
BITCOIN 30 MIN BREAKDOWNGreetings dear traders, have a nice day Yesterday and today there was low volatility on Bitcoin which may again change the end of the weekend and the beginning of the new week in the Asian session when we see crucial short-term moves and trend setting lately Interesting on the chart for me at the moment is only one level $16945 where the short term will be decided, I would like to open short to $16500 to $16400 on a close below and there a continuation of the uptrend that is giving us the current sentiment would be much more logical
Long
by Crypto-Frantisek
9
Toncoin Eyes $3 But RSI Sets Record for Most Overbought Reading Telegram's Toncoin (TON) may be leading in crypto market gains, but its daily Relative Strength Index (RSI) is currently at the most overbought reading in its history. However, as the TON price is battling the middle of an ascending channel, a breakthrough could expose the upper channel resistance trendline, which aligns with the $3.00 psychological level. RSI Overbought As of December 15, the daily RSI stands at 84.96, which marks the highest point ever on the daily chart and is well above the classic overbought reading of 70. The previous highest RSI reading was recorded earlier this year on October 26. During the previous run in October, TON's price was also testing the middle of the ascending channel, just like today's price action. At that time, after TON reached the RSI overbought signal, its price sold off to retest the bottom of the channel. TON Ascending Channel From a technical perspective, TON's price action is moving inside an ascending channel, which can guide future price movements. If we project to the upside of the same price range we experienced between the middle of the channel and the channel's support, then we could expect a 61% rally. A rally of this magnitude would send TON's price to the top of the channel, right around $3.00. Looking forward: Prices in the middle of the channel, between $2.50 and the $2.00 were once key resistance levels, but now act as support levels. These are the prices to watch on the way down.
by cryptohopper
3