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Tone

TON/USD 12hour UPDATE BY CRYPTO SANDERS !!hello, welcome to this TON/USD update by CRYPTO SANDERS. CHART ANALYSIS:- Toncoin (TON) was one of Thursday’s notable gainers, as the price rallied by as much as 4% in today’s session. Following a low of 1.75 on Wednesday, TON/USD rose to a peak of 1.88, earlier in today’s session. The move comes days after the token reached a high of 2.05, which was the highest point it has hit since May. , the rise in price comes as the relative strength index (RSI) jumped to a floor of 60.00. At the time of writing, the index is tracking at 63.35, with the next point of resistance around 66.00. In the event it moves beyond this level, there is a good chance that the price will move back towards 2.00. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
BITFINEX:TONUSDLong
by CryptoSanders9563
Outlook for next months--- Please readjust the scaling so that the spiral sits just above recent price action --- We are still in the process of consolidation. In my opinion, the recent drop should not be interpreted as a meaningfull breakdown. It's still within the acceptable range. Price bounced of the longest possible MA at 222 (using Bitstamp due to good historic data). A break (not pierce!) of the red upsloping line would give a clear sell signal with targets in the OTE buy zone 186-200. Also consider the yellow trendline crossing the OTE zone. A buying signal is a bit more complex so I subdivided it into 3 signals: 1. Buy : cross of red spiral and no new lows after that. 2. Buy : break of green trend line and holding the 231 level. 3. Buy : break of red log dowtrend line + breaking & holding of strong resistance at 260 for more confirmation The target depends on how long you would you like to stick to your longs. I would close all longs at 340 - 375 levels max. Good luck ! : ]
BITSTAMP:BTCUSDLong
by MagnusTradingGroup
12