Tonusdt
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.
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.
TON What will happen in the near future!!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!
✨Targets are:
🎯$8
🎯$9
🎯$10
🎯$12
🎯$13
🎯$15
❗ 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!!
The level defense patternI use the concept of a level being defended by either a buyer or a seller to find potential buying or selling opportunities. This is a specific pattern that can be identified on a chart. Let's consider one variant of this pattern. In this variant, the defense of a level by a buyer looks as follows: a buyer's candle closes above the level. Then, a seller's candle or candles interact with the level, followed by the appearance of a buyer's candle, which needs to be evaluated. If it meets the criteria, entry points can be identified.
Let's look at a concrete example. The pattern developed over 10 hours.
On the chart, blue-shaded areas represent 2-hour buyer's candles, and red-shaded areas represent 2-hour seller's candles. After the buyer pushed the price back above the 6.733 level, they attempted to resume from the 6.7571 level, the volume of the buyer's candle (632K) was less than that of the seller's candle (1.274M).
Then, the seller attacked the 6.733 level with increased volume (709K) but could not push the price below this level. Note where POC of the volume profile for the 2-hour seller's attack candle is: below 6.7571. The high of the attack candle is at 6.8166.
The next buyer's candle had increased volume (792K). Notice where the buyer's movement started in this candle: from the POC of the volume profile of the seller's attack candle.
Now entry points can be identified. In this example, the entry points are visible on the 1-minute time frame. The chart shows two entry points. Note how volumes are distributed at these points and the resulting buyer's zones (blue rectangles on the chart).
The first entry point is the defense of the breakout from the range by the buyer, which was formed in the previous 2-hour candle (RPL on the chart, 6.7784).
The second entry point is the defense of the high of the attacking 2-hour seller's candle by the buyer (6.8166 level).
Trading opportunity. What to buy?In the crypto market, the largest assets are currently experiencing similar situations.
On the charts, we can see that six assets have formed sideways trends. Prices for all six assets are currently at the bottom of these sideways trends. For four assets, the price temporarily dropped below the lower boundary of the sideways trend, where liquidity from sellers was collected, but then returned to the sideways trend. The prices of five assets, excluding BNB, are in zones where it makes sense to consider buying. The most interesting potential is with DOGE and AVAX.
One possible strategy to consider is buying four assets that you like the most.
TONUSDT. Trading opportunityOn the daily timeframe, the price formed a sideways movement and hit the mandatory target of the buyer's vector 4-5 (7.2755 was reached). Currently, the price is in a seller's context. The next relevant seller's vector 5-6 has a potential target of 5.18. Yesterday, the seller showed a weak reaction on the daily timeframe (spread, volume, and the tail of the bearish candle), and the tail of this candle tested the volume key candle (on the "rKC" chart) of the buyer's vector 4-5, from which a strong buyer reaction started on the hourly timeframe: 3 buyer candles with good spread from the level of 6.5615.
On the hourly timeframe, the price also formed a sideways movement. The bearish seller's vector 9-10 reached the mandatory target. The next relevant buyer's vector 10-11 has a potential target of 7.2232. A liquidity pool of sellers formed below points 4 and 10 of the sideways movement, at 6.5615.
A weak seller on the daily timeframe may overcome a strong buyer on the hourly timeframe. Sales may be considered:
Option 1: Implementation idea of the seller's vector 5-6 on the daily timeframe: if the price breaks the lower boundary of the sideways movement on the hourly timeframe (6.5615) and defends this breakout. An ambitious potential target is 5.18.
Option 2: Implementation idea of the seller's vector 11-12 on the hourly timeframe. After the implementation of the buyer's vector 10-11 and the defense by the seller of the level 7.2232. The potential target is the opposite boundary of the sideways movement.
Buy entries can also be sought from the implementation idea of the buyer's vector 10-11 on the hourly timeframe.
Option 1: The most interesting option. If the buyer gathers liquidity from the seller below 6.5615, returns the price to the sideways movement on the hourly timeframe, and defends the level 6.5615. Possible targets are 7.2232, 7.45, and 7.675.
Option 2: Upon the defense by the buyer of the level 6.8125, a buying opportunity can be sought. Possible targets are 7.2232, 7.45, and 7.675.
suitable price for BUY and SALE? $TONToncoin (TON) is the native cryptocurrency of the decentralized layer-1 blockchain, The Open Network (TON). The TON blockchain is open-sourced and supported by many network contributors, including the Switzerland-based non-profit organization, the TON Foundation.
TON ( toncoin ) tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
BTCUSDT Short Position Setup (29 May)Hello my friends.
Bitcoin is in its resistance range and can enter correction.
The desired setup to enter the short position is specified
The loss limit of this position is 70,000 and the targets are as follows.
67300
66350
64650
63200
The position is against the trend, please follow the capital management
Brief TON Analysis | Bearish Trend? Key S & R Levels 8H TFOn the 8H TF for TON, after hitting an ATH in Apr 2024, the price corrected by 40%, establishing a new Higher Low. The subsequent recovery was accompanied by a minor sideways trend, but the price failed to reach and overcome the previous high, forming a Lower High, signaling weakening buying pressure. This was followed by a corrective pullback and transition into a sideways trend. The current consolidation range is between $6.00 and $6.70, which can be considered local support and resistance zones.
◼️ During this consolidation phase, trading volumes have decreased, indicating market uncertainty and a lack of strong interest from participants. Holding above $6.70 could lead to testing the resistance levels at $7.10 and $7.46. An increase in volume upon breaking these resistances will be crucial confirmation for this scenario. Conversely, failure to break and hold above the local resistance zone might result in a pullback to the support areas around $5.60. If these support levels fail to hold, further declines and the formation of a new lower low are possible.
◼️ The current chart setup points to uncertainty and the potential formation of a sideways trend with a bearish bias. Close monitoring of trading volumes and price reactions at key support and resistance levels will be critical to confirming the next direction of the trend.
Disclaimer: Content for seasoned traders only. Not financial advice. You bear sole responsibility for trading outcomes. ➖ DYOR