TON Roars Back to $7: Analysis Unveils Future MovesTON recovered strongly.
It is trading at the resistance and we may see a pullback.
A bullish break-out of $6.98 is required for TON to push higher towards $7.68.
Above $7.68, Toncoin will target $9 and is likely to move much higher.
A dip to below $6.40 will lead to a sideways price action and a slow decline towards $5.31.
Tonusdtsignals
Toncoin TON Intraday Trade SetupToncoin is following yesterday's CRYPTOLEAN forecast.
A bullish move from its current price location or after a re-test of $5.77 is very likely towards $6.37 and, possibly, higher to $7.00.
A dip to below $5.77 will lead to a choopy, sideways price action.
Find more in the signature.
Ton/Usdt Looks Promising For Breakout TON/USDT is currently in an uptrend, with the price showing signs of attempting a breakout. There is a high probability of a significant breakout occurring soon. In the event of a successful breakout, a bullish move of 40-80% could be anticipated. However, it is important to note that this information is for educational purposes only, and individuals should conduct their own research before making any financial decisions.
TONUSDT: Support Zone Hints at Potential BounceThe KUCOIN:TONUSDT chart is showing signs that could be encouraging for bulls. The price has reached a support zone formed by overlapping moving averages, which historically can act as a springboard for a rebound after a correction.
Bullish Indicator:
Support Zone: The confluence of moving averages creates a potential buying zone.
Price Correction: The recent price drop might be nearing an end, with a potential upswing on the horizon.
Potential Entry and Take Profit:
Entry: Consider entering a long trade after a confirmed breakout and formation of a new higher high.
Take Profit: Fibonacci retracement levels (1.0 and 1.618) can be used as potential profit targets. However, remember, these are just suggestions, and actual profit taking should be based on your risk tolerance and trading strategy.
Important Reminders:
This analysis is for informational purposes only and not financial advice.
Do your own research before making any trades.
Consider using stop-loss orders to manage risk.
Good luck!
TON/USD 1DAY UPDATE BY CRYPTOSANDERS !!hello, welcome to this TON/USD update by CRYPTO SANDERS.
CHART ANALYSIS:-Toncoin (TON) also moved higher to start the week, with the token hitting a fresh multi-month high.
TON/USD peaked at 1.93 on Labor Day, following a low of 1.85 during Sunday’s session.
toncoin climbed to its most vital point since May 8, when the price reached a high of 2.08.
The RSI on TON continues to reside over the 70.00 mark, meaning that price strength remains overbought.
This has not prevented bulls from continuing to send the token higher, with the 2.00 level as the perceived target for traders.
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.
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TONUSDT Buy the pull-back aim for $2.900.*** ***
For this particular analysis on The Open Network we are using the TONUSDT symbol on the OKX exchange.
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The idea is on the 1D time-frame where TON has been following the exact projection we made on our previous analysis on October 21:
As you see the price did break above the 1D MA50 (blue trend-line) and instantly made a strong rise. The 1D RSI is on a strong rise, and similar past sequence have ended on in Higher Highs within the Bullish Megaphone pattern that TONUSDT has been trading in since the June 19 Low.
Even the MACD has been printing a similar formation. We expect this to kick-start a similar rebound to a new Higher High, in which case it can be massive. The previous one topped just above the 2.0 Fibonacci extension level. If the pattern continues, the next Fib (3.0) is at 2.900 or at least the 2.0 Fib from the recent November 10 low which is at $2.690.
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TONUSDT Massive break above the 1D MA50. Potential +100% rise!*** ***
For this particular analysis on The Open Network we are using the TONUSDT symbol on the OKX exchange.
*** ***
The idea is on the 1D time-frame where TON is currently testing the 1D MA50 (blue trend-line) for the second day in a row. This test is carried out while the 1D RSI is on a strong rise, similar to those of July 26 - 31 and June 18 - 21. Those rises staged the Higher Highs of the Bullish Megaphone pattern that TONUSDT has been trading in since the June 19 Low.
Even the MACD has been printing a similar formation as the one that preceded the July 26 Low. A closing above the 1D MA50 can potentially kick-start a similar rebound to a new Higher High, in which case it can be massive. The previous one topped just above the 2.0 Fibonacci extension level. If the pattern continues, the next Fib (3.0) is at 2.900, with such a move representing a potential +100% rise! The Risk/ Reward Ratio is excellent on this break-out trade.
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TONUSDT Channel Up leading the way through Resistances.The Toncoin (TONUSDT) broke on August 23 above the 1.4230 (now former) Resistance, as we first explained on a June post:
As you see since the July 25 Low, a Channel Up pattern is guiding the price through the Resistance levels on a classic Higher Highs/ Higher Lows technical set-up. On top of that, the 1D MA50 (blue trend-line) has been supporting since August 05 while the 1D MA100 provided a rebound on August 22. The two crossed above each other on September 01 to form the 1D MA50/100 Bullish Cross pattern.
With the 1D RSI remaining on the upper bands of the bullish territory, we expect the price to hit each of the above Resistance levels as part of a Higher High formation and then pull-back to re-test the former Resistance as a Support. A break above Resistance 3 (2.4900) should officially put the token on Bull Cycle territory, while below the 1D MA100 (closing) should be a sell break-out signal towards July's low.
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