$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.
Tonusdtshort
TON Analysis / Do you think Paul can regain controls?OKX:TONUSDT
BINANCE:TONUSDT
CRYPTO:TONUSD
Analysis of the scenarios facing Ton Coin
▶The price has now entered the shock phase and It started a bearish rally from the Stop Hunt range.
If Ton downward movement considered as an excellent buying offers for investors, and the news of Pavel's arrest calms down in the next few hours, the price can touch the Stop Hunt level again.
Of course, this scenario is not at all suitable for trading and analysis, and it's just a hopeful prediction of the price.
📉🔍On the other scenario, the price downward rally is more accurate in my opinion. The news of the arrest is going to disturb the market for some time and this issue will gradually shift the price to lower support levels.
But what do we do?
⚡As I said before, TON price is worth much more than what it is, and it is quite possible to reach the $12 level within the next year. But in the current situation, finding profitable buying levels should be the most important goal of medium-term market traders.
In the above analysis, the PRZ level will provide an excellent buying zone.
Even in a hopeful scenario, the second best level to buy Ton is inside the yellow zone. Of course, I myself prepare a much smaller volume for buying in this area.
After the yellow level, until the price reaches PRZ, I will buy two more steps with the Bollinger Midline indicator or MA 50.
But the main zone for me is near the PRZ area.
#TON/USDT#TON
The price is moving in a descending channel on the 12-hour frame and it was broken upwards
We have a bounce from a major support area in green at 5.40
We have a downtrend RSI that was broken upwards which supports the upside
We have a trend to stabilize above the 100 moving average which supports the upside
Entry price 6.11
First target 6.90
Second target 7.60
Third target 8.20
TONUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Target/reversal zone: 1.65 - 1.5
after first target reached move ur stop to breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions