TON Analysis - What Shall we Expect !!!OKX:TONUSDT
The weekly candle close of the under the midline it means price can drop to the bottom of the channel and complete the downward wave (ABC) and then increase. also 4.3$ is a good support for TONCOIN .
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The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
TON
Notcoin (NOT) price stabilises. What's next?Following in TON's footsteps, the NOT crypto has displayed a similar price action by adding approximately 4% to its valuation within the past day. With strong fundamentals and a discounted price of 73.4%, this crypto project holds a high long-term bullish return.
The Relative Strength Index (RSI) indicator has successfully retested its oversold range in the 1D time frame. This suggests an increase in the price of altcoin in the crypto market. Notably, with the rising volatility, a bullish rebound is anticipated from the Ton-chain in the coming time.
Maintaining the price above its resistance level of $0.00925 could set the stage for NOT coin price to test its upper level of $0.0140. However, if the bearish sentiment intensifies, this altcoin could retest its low of $0.00455 this month.
$TONUSDT cannot escape this trap.After the arrest of Pavel Durov, CEO of Telegram, CRYPTOCAP:TON is enduring a bearish movement.
During the past hours CRYPTOCAP:TON managed to escape the bearish trend and started showing signs that it will reach $5.
After touching $4,9 he dropped again to $4,79 getting inside the upper level of Fibonacci which is $4,81. As it has entered this level I believe we are going to see more shorts till we reach $4,67 where we will need to re-evaluate the market.
TON - price is in a dawn trend - follow it until it breaksTON - price is in a dawn trend - follow it until it breaks
Price dropped after Durov arrest
in a previous analysis i shared idea to take long after trade
price playedout it only by part and go on down
what should we do the next?
1st follow the trend until it breaks
2nd - reversal possible after big liquidation
or long range with structure change
in all other cases - follow the tide
What to expect from Toncoin (TON)?Toncoin (TON) has dropped by 10% in the last 24 hours, pushing its price below $5 for the first time since May. Currently trading at $4.67, this new low has market participants speculating about the token’s short-term future.
The key question is whether TON will experience a quick recovery or if the recent decline signals further losses ahead.
Toncoin price has been trapped in a correctional phase since August 19. This decline implies that the Telegram-backed cryptocurrency has had more periods of distribution than accumulation.
Furthermore, the daily chart shows that TON had formed a rounding top pattern between August 2 and 26. This pattern is typically considered bearish and signals a potential reversal of the previous uptrend.
From the chart below, after the pattern appears, TON had a neckline at $5.99 that could either prevent a drawdown or accelerate it. However, the bulls could not keep the price above the neckline, leading to a slip below $5.
Currently, bulls are not in a position to assist Toncoin in its recovery. As a result, the price could drop below $4.60, potentially reaching $4.55. However, if buying pressure picks up, this downtrend could reverse, allowing TON’s price to rise toward $5.40.
DOGS LEVELSFrom a technical analyst's perspective, the chart for DOGE/USDT shows a clear downward trend moving within a descending channel 📉. Let’s break down the key elements:
1. Descending Channel: The price is moving within a well-defined descending channel, indicated by the black and red lines. This suggests continuous selling pressure and lower highs and lows. 📉
2. Support and Resistance Zones:
- Green Zones: These represent resistance levels, where the price may face selling pressure and could potentially drop. 💥
- Red Zones: These indicate support levels, where buyers might step in, and the price could bounce upwards. 🛡️
3. Current Price: The current price, around 0.0010409, appears to have recently bounced off the lower boundary of the channel, indicating a short-term upward move. 📈
4. Extended Channel: This note suggests that the descending channel may continue to influence price action, with the possibility of further downward movement unless a breakout occurs. If the price breaks out either upward or downward, it could signal a trend reversal. 🔄
📊 In summary, the chart reflects a strong bearish trend, but there is potential for short-term corrections as the price interacts with the support or resistance zones. Traders typically watch for channel breakouts to confirm a continuation or reversal.
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TON BUY🔍 TON/USDT Analysis: 1-Hour Timeframe 📉
The TON/USDT chart on a 1-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view.
• BUY DATE - September 4, 2024, 01:00 - Green Line: This time indicates a potential local low, offering favorable conditions for accumulating TON or entering long positions.
• BUY DATE - September 5, 2024, 01:00 and 05:00 - Green Lines: These times suggest additional potential local lows, marking favorable conditions for considering new positions or accumulating more TON.
When working with this 1-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective.
Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).
NOT BUY🔍 NOT/USDT Analysis: 1-Hour Timeframe 📉
The NOT/USDT chart on a 1-hour timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view.
• BUY DATE - September 3, 2024, 15:00 - Green Line: This time indicates a potential local low, offering favorable conditions for accumulating NOT or entering long positions.
• BUY DATE - September 5, 2024, 13:00 - Green Line: Another potential local low, suggesting another opportunity to accumulate NOT or enter new positions.
• BUY DATE - September 7, 2024, 15:00 - Green Line: Additional potential local low, where considering entry into positions could be beneficial.
• BUY DATE - September 9, 2024, 22:00 - Green Line: A final potential local low within this timeframe, marking a favorable condition for entering long positions.
When working with this 1-hour timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective.
TON of bricks?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
I can see several paths here.
4.733 kills impulse up/completes impulse down.
6.00 from here could be ZZ complete.
4.733 break, could flip from support to resistance.
Some IF:THEN scenarios on deck here.
Trade Safe!
Trade Clarity!
Ducks in A Barrel Long Setups - BTC, SOL, TON & PADISCLAIMER: This is not trade advice. This for educational purposes only to show how I am looking to participate in these markets. Trading involves significant risk, do your own homework and due diligence.
Ducks in a Barrel Weekly-Daily Strategy
LONGS: BTC, SOL, TON
SHORT: PA
LONGS:
The crypto market is overall in a strong up trend based on weekly MA's sloping up. We see that BTC, SOL & TON are undervalued vs the price of Gold and Treasuries, and are oversold on stochastic. If we see a trend change to the upside on the Daily chart, I'll look to long these markets. I admit, I'd like to see sentiment more bearish, as currently sentiment is in the middle of the road. Perhaps one more flush to the downside would create some panic and bearish sentiment, which would make this trade idea even more valid.
SHORTS:
Palladium is in a strong weekly downtrend. Right now we are overvalued vs treasuries, but not yet overvalued vs gold or overbought. I'd like to see this market get overbought & overvalued vs gold to qualify looking for shorts on the daily time frame.
Good luck & Good trading.
Is Telegram Slowly Becoming a Hidden Crypto Powerhouse?Telegram has rapidly positioned itself as a formidable force in the cryptocurrency sector, quietly amassing significant digital asset holdings and generating substantial revenue from crypto activities. Despite its ongoing legal battles and operational losses, the messaging giant is making bold strides in the blockchain space, raising questions about its future role in the crypto industry.
Financial Snapshot: Telegram’s Crypto Revenue and Holdings
Telegram’s 2023 financial report, audited by PwC’s Dubai branch, reveals the company’s strategic pivot towards the crypto market. The firm’s digital asset holdings have surged past $400 million, eclipsing its cash reserves. This impressive figure is largely composed of Toncoin, the native token of Telegram’s blockchain project, The Open Network ( CRYPTOCAP:TON ). With over 40% of its $342.5 million revenue generated from crypto-related activities, Telegram’s financials paint a picture of a tech company deeply intertwined with digital assets.
Despite reporting a substantial operating loss of $108 million, Telegram’s integration of crypto into its business model has proven profitable. The firm’s newly introduced integrated wallet and sales of Toncoin have become significant revenue drivers, showcasing the company’s seamless incorporation of blockchain technology into its platform.
Deep Integration of Crypto Services
Telegram’s commitment to the crypto ecosystem extends beyond mere asset holdings. The integrated wallet, introduced as part of the company’s broader crypto strategy, enables users to store, send, receive, and trade various cryptocurrencies, including Toncoin ( CRYPTOCAP:TON ). The revenue from this service stems from its integration into the social media platform and the provision of continuous access to users. Payments for collectibles like usernames and virtual phone numbers, which can be purchased using Toncoin ( CRYPTOCAP:TON ), further underline Telegram’s active participation in the crypto economy.
However, the most striking aspect of Telegram’s strategy lies in its management of Toncoin ( CRYPTOCAP:TON ) holdings. The company successfully mitigated potential losses by strategically selling a substantial portion of its Toncoin ( CRYPTOCAP:TON ) before a recent market downturn, realizing approximately $243.5 million. This proactive approach underscores Telegram’s active management of its crypto exposure, highlighting its role as more than a passive participant in the market.
Telegram’s Legal Troubles and Market Position
Despite its success in the crypto space, Telegram faces significant challenges, including legal issues. The arrest of its founder, Pavel Durov, in France for allegedly failing to control criminal content on the platform has cast a shadow over the company’s operations. However, Durov’s subsequent release has sparked renewed optimism within the crypto community, signaling that Telegram’s troubles might not derail its ambitious plans.
Telegram’s growing crypto involvement, coupled with its substantial operating expenses of over $450 million, has led to questions about its overall valuation. Despite raising $2.3 billion from high-profile investors, including sovereign wealth funds, the company’s financial sustainability remains under scrutiny. Durov’s initial valuation of over $30 billion seems increasingly optimistic given the firm’s current challenges.
Technical Outlook: TON Token’s Performance
As of the time of writing, the CRYPTOCAP:TON token is down 2.79%, reflecting broader market downturns. The Relative Strength Index (RSI) stands at 37.98, signaling an oversold condition and increased selling pressure. Technical analysis indicates that CRYPTOCAP:TON ’s price is teetering near the $5 pivot. Holding this level is crucial for boosting investor confidence, especially amid Telegram’s ongoing network outages and blockchain challenges.
The TON blockchain has faced issues, including network disruptions where blocks failed to produce, which has sparked concerns among investors. Addressing these technical weaknesses could help solidify TON’s reputation as a potential “Solana killer,” a moniker that highlights its ambitious aspirations within the competitive blockchain landscape.
Challenges and Opportunities
Telegram’s foray into the crypto world is a double-edged sword. On one hand, the company’s deep integration of blockchain and digital assets positions it as a major player in the crypto sector. On the other, its ongoing legal issues, operational losses, and technical challenges present substantial hurdles. Telegram’s active management of its crypto holdings and strategic moves within the market suggest a company keen on navigating these complexities.
The firm’s success will hinge on its ability to leverage its crypto capabilities while addressing internal challenges and regulatory scrutiny. Should Telegram continue to refine its blockchain infrastructure and improve user experience, it could solidify its place as a hidden powerhouse in the crypto world, with the potential to redefine how tech companies engage with digital assets.
Conclusion
Telegram’s journey in the crypto market is a fascinating tale of ambition, risk, and innovation. With its significant Toncoin holdings and integrated crypto services, the messaging app is quietly but powerfully staking its claim in the digital asset space. However, the path ahead is fraught with challenges, and Telegram’s ability to navigate these will ultimately determine whether it can transform from a hidden player into a leading force in the blockchain era.
(Update) !!! TON Analysis : Bull or Bear ? (READ)The weekly candle close of the under the midline it means price can drop to the bottom of the channel and complete the downward wave (ABC) and then increase.
Previous Analysis
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Toncoin (TON) price analysisToncoin (TON) has recovered after its weekend bloodbath following the news of the arrest of Telegram founder Pavel Durov. As a result, TON plummeted from $6.73, dropping almost 12% on Saturday and 2.93% on Sunday to end the weekend at $5.76. As we can see in the price chart, TON faced significant selling pressure on Saturday and Sunday, hitting lows of $5.45 and $5.26, respectively. The current week began with TON still languishing in the red, dropping below the 200-day SMA after a drop of almost 11%. Monday’s crash also saw TON slip below $5.50 and settle at $5.14.
TON rallied on Tuesday as buyers returned to the market thanks to strong lower-level demand, rising over 6% and settling at $5.45. The altcoin faced substantial volatility on Wednesday, dropping to a low of $5.13 and a high of $6.04 before settling at $5.54 after an increase of 1.58%. The current session sees TON up by 1.24% as it struggles to move above the 200-day SMA, acting as a dynamic resistance level. With Durov granted bail on Wednesday, market watchers were hopeful it would have a positive impact on the TON price. However, there is no indication of a rally, with large wallet holders remaining skeptical and dumping around 123 million TON in the past 24 hours. As such, the sentiment around TON remains bearish.
TON/USDT Trading ScenarioThe decline in the TON value following the arrest of the founder of Telegram and the TON platform mirrors the scenario of BNB's price drop after the arrest of Binance's CEO.
At that time, BNB lost over 30% of its value, then entered a sideways trend. However, with the start of BTC's rise at the end of December, the asset's price not only recovered but also surged by more than 280%.
In the case of TON, we are observing a similar situation, making the current price attractive, while any further decline provides an additional opportunity to increase returns. The TON network and the Telegram messenger are fundamental factors contributing to the trust in this asset.
BNB VS TON Friends, let's take a look at the market situation for two popular cryptocurrencies — BNB (Binance Coin) and TON (Toncoin). The charts show that both coins have very similar price movement structures, which could indicate potential opportunities.
If we analyze the mechanisms of these coins, they are almost identical, but the TON chart lags behind BNB. Despite the news about Telegram, I see a lot of potential in the TON coin and expect its price to exceed $10 this fall. I’ve shown why I believe this on the chart.
Position buyThis chart for TONUSDT (Toncoin against USDT) on a 4-hour timeframe seems to be highlighting an entry and exit strategy for traders. Here’s a breakdown:
Key Elements:
1. Best Entry Zone (5$) 🚀:
- The chart indicates that the $5.00 level is considered the "best entry" point for opening a long position, suggesting that the trader expects a price reversal or an upward movement from this level.
2. Take Profit 1 (TP-1) 🎯:
- The first take profit target is at $5.543, meaning that once the price reaches this level, traders may choose to lock in some profits.
3. Take Profit 2 (TP-2) 🎯:
- The second take profit target is at $6.144, where further profit can be taken if the price continues to rise.
4. Take Profit 3 (TP-3) 🎯:
- The third and highest target is set at $6.731, which suggests a more ambitious profit target if the price continues its upward momentum.
5. Stop Loss (SL) 🛑:
- The stop loss is placed just below $4.627, meaning that if the price drops to this level, the trade will be closed to limit losses.
Summary:
- Entry: Around $5.00 (best entry).
- Take Profit Targets:
- TP1: $5.543
- TP2: $6.144
- TP3: $6.731
- Stop Loss: $4.627
This is a simple risk management strategy where the trader aims to catch a bounce from the $5.00 level with multiple profit-taking points on the way up and a defined exit if the price moves against them.
Phemex Analysis #16: TON - A Calculated Dip or a Risky Gamble?The recent turbulence surrounding Telegram has undoubtedly impacted the TON market. While the potential for a rebound exists, it's crucial to approach this situation with caution and a well-informed strategy. For investors who believe in TON's long-term prospects, understanding key technical support levels can provide valuable insights for potential entry points.
Support Levels
$4.60: A historically strong support level, indicating potential buying interest at this price.
$3.30: While untested, it could offer robust support based on past performance.
$2.15: This is the most critical support level. A break below this could signal a more extended downtrend.
Entry Strategies
Higher Probability: Purchasing slightly above the support level can increase the likelihood of a successful entry, but it also carries a higher risk.
Lower Risk: Buying at or below the support level offers a more conservative approach, but it may involve potential slippage or missed opportunities.
Additional Considerations
Bitcoin's Influence: Keep a close eye on Bitcoin's price, as it often sets the tone for the broader cryptocurrency market.
Telegram's Founder: News related to Pavel Durov, the founder of Telegram and TON, can significantly impact the price.
Conclusion
While TON's long-term potential remains promising, the current market conditions demand a cautious approach. Conduct thorough research, consider your risk tolerance, and utilize technical analysis to make informed decisions.
Note: Have you tried Phemex’s Multiple Watchlists yet? We’re the first crypto exchange to offer fully customizable watchlists, allowing you to rename, rearrange, and even place basket orders on all the coins within your lists.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.