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Tonusdtsignals

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. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
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. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot