TON
Ton of resistance, Elliott wave analysisIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
The level at 7.50 looks might strong.
With this current swift move down back below the level,
I am looking to HOW the price reacts to that level if it is reached again.
If it come to it in a corrective fashion, then I would suspect a rejection.
If it can get back above, then I would have to reconsider, based out what PA has printed.
The divergence adds to this.
Trade Safe!
Trade Clarity!
I Cannot Short This !!! situation+next targets.Hi.
KUCOIN:TONUSDT
TON is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .
✨ Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Comprehensive Analysis of TON Ecosystem🔍 Today, we will conduct a thorough and comprehensive analysis, focusing specifically on the TON network ecosystem.
Bitcoin Analysis
📈 After reaching the support level at 66036, Bitcoin experienced a fake breakout. Following this, several supportive candles formed, and currently, the price is moving slightly away from the support level with increasing buying volume.
📊 With a breakout above 44.18 in the RSI, we can get a confirmation from the RSI indicator. After this, we should wait for price confirmation as well.
🕒 The riskiest entry point for a long position could be the short-term resistance at 66363. However, since today is Sunday and the market is closed, I prefer not to open a position at this resistance. Instead, I will wait for the price to reach 67110 and observe its reaction to this level.
🚀 If it breaks this level, I will open a position. The next trigger for a long position would be at 70108. Once the price reaches 71500, it will enter a strong supply zone, and I prefer to wait for a breakout above this zone.
📉 For a short position, I will consider it after breaking 66036, depending on Bitcoin's dominance trend. I believe Bitcoin will range until tomorrow, which will allow the new week to start and the SMA25 to catch up with the candles, potentially bringing momentum back into the market.
TON Ecosystem Analysis
🌐 First, let’s discuss the fascinating ecosystem of the TON blockchain to understand its role in the crypto space. The initial section involves airdrops and shitcoins, starting with the NOTCOIN project, which operated as a tap-to-earn mechanism, rewarding users with NOT tokens for every click. This project gained substantial user traction and was listed on Binance.
👥 Following NOTCOIN, other projects like tapswap, Blum, and Hamster Combat emerged. Notably, Hamster Combat has over 100 million active users and 37 million Telegram subscribers. This significant user base suggests that airdropping this token could onboard over 100 million users onto the TON blockchain, greatly contributing to network growth.
📈 Given the popularity of these projects on social media, this number could potentially reach 200 million or more. This is one of the primary reasons why the TON blockchain can thrive, which could subsequently drive the TON coin's price upward.
💧 The next section is the DeFi space on the TON blockchain. According to a recent announcement from the TON team, liquidity providers can now farm TON tokens by creating LP tokens on the TON blockchain, which is excellent news.
🌱 As illustrated, the stonfi project, a platform for creating LP tokens on the TON blockchain, offers exceptionally high APRs, like 700% and 565%, which can attract many users.
📈 The rest of the TON ecosystem is also detailed in the image provided, which includes more projects. In addition to the ones mentioned above, I have included projects like Tonup, Storm, DAO Lama, and Fragment. These are among the most reputable Telegram projects, each contributing to the blockchain’s growth.
🚀 For instance, Tonup is a launchpad project where you can find and invest in projects during their presale phases, potentially yielding significant profits if the projects succeed. However, it is crucial to research thoroughly before investing, as this can be quite risky and may involve scams.
🏦 Storm is a DEX that allows you to open futures positions in a decentralized manner, similar to Ethereum projects like dydx and gns but specifically on the TON blockchain. DAO Lama is a platform for buying and selling NFTs, staking them for rewards, or using them as collateral to borrow TON coins.
📲 Lastly, Fragment is an exceptional platform where you can perform various tasks within Telegram, such as purchasing usernames, special Telegram numbers, premium subscriptions with TON coins, and advertising in different channels, all powered by blockchain.
TON Chart Analysis
📈 Now, let’s examine the chart to identify potential entry points for this exciting project. The resistance at 7.339 has been broken, and the price is at its ATH, making it impossible to draw resistance levels based on historical data.
📊 However, using the weekly wave Fibonacci extension, as indicated in previous analyses, the price has reached the 1.618 level, rested for a while, and is now moving upwards, breaking the 1.618 level along with the 7.339 resistance. The high volume of bullish candles confirms the uptrend.
🎯 The nearest target for TON is the 2 Fibonacci level, approximately around $10. Given the project hype, as elaborated earlier, it could easily reach this target and potentially go higher.
🔍 In the RSI indicator, we have a critical resistance overlapping with the overbought level (70). Breaking this area could lead to a significant price pump. For trading TON futures, we should switch to the 4-hour timeframe for more detailed insights.
📉 In this timeframe, there was a significant resistance at 7.765, and the price is currently pulling back to it. However, the pullback isn't complete yet, and we can only confirm the pullback after breaking 8.186.
📈 If it does, the parabolic trendline on the chart will be reliable, potentially leading to a parabolic upward move. The futures targets are 9.2 and $10. The RSI trigger at the 70 resistance could also bring momentum into the market upon breaking.
🚫 For a short position, it is advisable not to open one on TON due to its strong upward trend. There are better coins for shorting that are in a downtrend. Nonetheless, the short trigger is at 6.793, but I personally wouldn’t open a short position on TON.
📉 For spot buying, it’s recommended to wait for a pullback and enter during the correction, or move to lower timeframes for entry, though this increases risk. It’s advisable to wait for a confirmation candle if no pullback occurs.
🛑 In case the price reverses downward, having a stop loss is crucial to limit losses. Breaking 6.208 could signal the end of the bullish momentum.
🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2.
🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
TON's Situation: What Shall we Expect ??Hi.
COINEX:TONUSDT
TON is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon.
✅ Due to the Ascending structure of the chart...
🟢 TON has been Bullish Recently!
🟢 The odds of another Bullish Movement is High!
🟢 Ascending Triangle is Visible on The chart!
🟢 No break out yet!
❗ Note that if the Triangle is broken down with the power of descending candles, our analysis will fail.
Stay awesome my friends.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TON: Approaching ResistanceTrade setup : This asset has shown relative strength - while markets pulled back, it's marched higher. It's now pushing up against that $7.70 resistance for 3rd time in 3 months. It's formed an Ascending Triangle, with each rejection and pullback shallower than before, the dips are smaller and smaller...buyers are eager to accumulate. BTW, we also issued a bullish fundamental research report ("Coin Pick") on TON recently (May 24) that suggests there's 80% upside based on comparable valuation of other L-1 and L-2 networks. If price breaks above $7.80, it could swing to $10 for +25% gain. Stop Loss (SL) at $6.70, just below prior swing low. If it gets rejected again and pulls back near $6.00 support, we would be buyers for another swing trade entry in Uptrend with +30% upside potential back to $7.70.
Pattern : Price is Approaching Resistance , which is a level where it could pause or reverse its recent advance, at least temporarily. Resistance is often a level where price got rejected in the past, or potentially prior Support level that was broken. (concept known as polarity). Once price breaks above resistance, it can advance higher to the next resistance level. Learn to trade key levels in Lesson 7.
Trend : Short-term trend is Strong Up, Medium-term trend is Strong Up and Long-term trend is Strong Up.
Momentum : Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).
Support and Resistance : Nearest Support Zone is $6.00, then $5.50. Nearest Resistance Zone is $7.70, then $10.00.
NOT a memecoin!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 After rejecting the $0.03 round number, NOT has been overall bearish, entering a correction phase in the shape of a falling wedge pattern.
🏹 For the bulls to take over and start the next impulse phase, a break above the inverse head and shoulders neckline marked in red is needed.
Meanwhile, NOT would remain bearish, and a movement towards the blue demand zone would be possible.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Toncoin TON price are preparing for a strong moveNow #TONUSDT price is being squeezed quite firmly under the strong level of $6.7-7, which was mentioned 4 months ago
It looks like they are preparing for a strong move.
The intermediate target for #TON is $11.50, the final one is $13.50, is it realistic?)
🤪 But which route?
💙 $6,80 👉8,20 👉$6,80 👉$9,20 👉$8,20 👉$13,50
❤️ $6,80 👉$5,60 👉$8,20 👉$6,80👉 $11,50
Vote in the comments
Does TON have a correction ahead?After the completion of the bullish diametric, TON seems to be forming an ABC (flat) pattern.
It is expected that the specified supply will be maintained.
In this analysis, we consider the target as the green box.
Closing a candlestick above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
TON Coin ! Correction ?Toncoin is full of news and events on this project's platform
Weakness of the uptrend can be observed due to decreasing volume and rising price. The uptrend line, which has moved less and less upwards each time it has been hit, indicates that we can expect a correction. However, once our uptrend line is broken and we consolidate below the $6 Range (daily candle closes),
And if you pay attention to RSI the line has a downward trend and this indicator also confirms that we can have a correction
Now if this happens, our first target could be the $5.59 Range, then the $(4.8 - 4.59) zone.
And if our uptrend line throws the price upwards, we can expect the $(7.5 - 7.88) Range to be broken, in which case our targets could be $10.12 and then $13.58.
Please note that the confirmation of the zone is the daily candle close.
And know that this is my analysis and is not financial advice at all, there is no 100% in the financial market.
I would be happy to hear your opinion as well?
Potential shift in market sentimentTON has successfully broken its downtrend line, indicating a potential shift in market sentiment. Monitor for corrections down to the $6.8 level, as this could provide a consolidation phase before the next upward move. After completing the pullback, TON/USDT could potentially reach mid-term targets of $8.5 and $9, suggesting significant upside potential.
NOT - Bullish or BearishBINANCE:NOTUSDT surprised me, I wasn't even aware of its existence until recently and I am an active user on Telegram.
It was clear that from 0.0016 there was massive manipulation in the market and billions were pumped in the space of just a few days. What followed shortly after was a massive sell off which left a lot of people who FOMO'd in holding a bag at the 0.0029 level.
With this being said, a bounce occured after to 0.0026 and the price now seemingly descends in a channel. Either direction being a possibility. With the bag holders shaken by the sell-off, driving a massive selling pressure, and those anticipating one more pump, the price has tried several times to break the channel to no avail but has not yet broken down the 0.0020 level either.
My question is: Which way will it go? I personally am looking for an entry between 0.016- 0.0018, this would be an ideal zone to buy, but the price seems very settled at 0.0215 with many bullish flags appearing on the smaller time frames.
It's a confusing currency as it does not adhere to standard technical analysis. With the CRYPTOCAP:BTC.D still very high, with high alts like CRYPTOCAP:BNB now increasing, it seems the attention is not on low alts or meme coins at the moment.
Is this coin with billions in market cap likely to lose a billion in order to reach 0.0015? The 4H EMA suggests stagnation and a possible bearish reversal. How likely is this?
I am curious to hear your thoughts.
$TON Looks good to go long!🚀 LSE:TON Breakout Alert! 🚀
Toncoin ( LSE:TON ) is breaking out of a symmetrical triangle pattern and is currently retesting. 📈
Entry Point: Start accumulating once the price exceeds $7.165.
Targets: Midterm Goal: 60% increase
Long-Term Goal: 120% increase
Trading Options: STRK is available for trading in both spot and futures markets. Purchase on the spot market or go long on futures with a stop-loss at $6.07.
Leverage: 3X to 5X
🔍 About Toncoin (TON):Toncoin is the native cryptocurrency of The Open Network (TON), a decentralized layer-1 blockchain. Initially developed by Telegram as the Telegram Open Network with a token called 'Gram,' the project was halted in 2020 due to an SEC court order. An independent community, including the TON Foundation, has continued development, renaming the blockchain and introducing Toncoin as its native cryptocurrency. With a whitepaper featuring code by Dr. Nikolai Durov, Telegram's co-founder, TON uses a proof-of-stake (PoS) consensus model. The TON Foundation aims to empower 500 million users with digital ownership by 2028 through a Web3 ecosystem within Telegram Messenger.
🔍 DYOR, NFA 🔍
#Crypto #altcoin
NOT Any Token!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NOT has been overall bullish, trading above the rising trendline in blue.
Currently, NOT is undergoing a correction phase within the falling red channel.
Moreover, it is retesting strong demand zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand zone and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #NOT approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich