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TONCOINUSDT.PS trade ideas

Toncoin Price Might Drop To $7.205 As Bearish Technicals EmergeOKX:TONUSDT recorded a slight loss over the past 24 hours to trade at $7.39 at press time. This recent loss has pushed TON’s monthly performance deeper into the red zone. As a result, the altcoin is down more than 7% over the past 30 days. The Toncoin price broke below the key support level at $7.430 over the past 24 hours and is currently still trading below this mark. What’s more, the crypto has also dipped to under the 9 and 20 Exponential Moving Average (EMA) lines. Now, TON is at risk of dropping to the next crucial support level at $7.205 in the coming 12 hours. In an extremely bearish situation, the altcoin could plunge to as low as $6.935 in the short term. However, the Toncoin price reclaiming the $7.430 support within the next 8 hours could invalidate the bearish thesis. A 4-hour candle close higher than this threshold might instead be seen as a long entry by traders. With this potential buy volume, TON could rise to $7.715 in the following 24 hours. Technical indicators on TON’s 4-hour chart warn that the crypto’s price might drop through the course of the next trading day. In addition to the Toncoin price falling below the 9 and 20 EMAs, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing negative signs as well. Recently, the MACD line broke below the MACD Signal line. Traders usually see this technical event as an indication that a crypto has entered a short-term bearish cycle. Meanwhile, the RSI line has bearishly crossed its Simple Moving Average (SMA) line on the 4-hour chart and has also fallen to below the crucial 50 benchmark. This suggests that sellers have gained the upper hand against buyers on the altcoin’s charts. If these technical signs are validated, the Toncoin price could fall below the $7.205 support level soon as well. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Short
by Ecoinimist
#TONUSDT Targeting a New ATH🔸While Most of the Top Cryptocurrencies have experienced a price increase today like BTC, ETH and BNB which gained 4%, 3.5% and 5%, The TONUSDT pair has gained only 0.5%. 🔹That's because TON is already traveling around it's all time high price, a month ago on June 15 the pair reached $8.286 (ATH) and 18 days after that it attempted to break that record high price again reaching $8.140, falling short by $0.146 to reach the ATH. 🔸But now it is clearly obvious that the bulls are trying to fight for the ATH, the bulls have successfully kept the price above the 50 MA for the past 4.5 months and with the pair being inside of a Ascending channel, both the 50 MA ($7.282) and the support line of the channel can help the price aim for $7.678, $8.090 and $8.292 (ATH). 🔹Contrarily, if the bulls failed to sustain the 50 MA ($7.282) and the support line, the bears can push the price down $6.880, $6.413, $5.900, $5.279 and the 200 MA ($4.807). It's worth noting that the price falling down to the 200 MA doesn't change the overall uptrend but if it fell below the 200 MA down to $3.507 and $2.641 then we can say "we don't expect the price to move significantly higher anytime soon". Zanzibar Trading
Long
by Zanzibar_Trading
Lingrid | TONUSDT in the CONSOLIDATION zoneOKX:TONUSDT experienced a sharp decline, breaking through the consolidation zone and falling below the support level at 6.8. However, it managed to close above the psychologically important round number at 7.0, which may have triggered some buying interest. The price has now returned to the consolidation zone, creating a spike downwards on the daily timeframe. I expect the market to trade sideways between the 7.0 support level and the 7.7 resistance level. It's likely that the price will consolidate below the double top formation to formed triangle pattern that will show price squeeze before its expansion. My goal is the resistance zone around 7.730 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
TON → Is the coin still bullish? When is $10.00?OKX:TONUSDT still continues to accumulate potential with the purpose of breaking through resistance 7.671 and continuing growth. Bulls are actively defending the zones of interest and continue to hold the positive market structure. Demonstration of a bullish structure. Continuation of upward movement on W1 Earlier, on the background of the general market correction the price formed a false breakout, which did not lead to a break of the bullish structure or to a strong fall. From the area of interest (without capturing liquidity) buyers are actively buying the asset and again trying to return to the resistance retest, which will only increase the chance of a breakout. Fundamentally and technically, TON looks very positive at the moment. But this does not mean that sellers are unable to change the nature of the price movement. Conditions under which the upward movement and positive structure will be broken Resistance levels: 7.671, 8.288 Support levels: 6.727, 6.202 Technically, there is a high probability of a continuation of the upward trend, but there is also a probability of a support break, which will break the uptrend and change the market imbalance. At this point, while the price is consolidating and continues to shrink to resistance, we should consider a bullish set-up. Regards R. Linda!
Long
by RLinda
5
Frankly, I don't feel like explaining, the chart says it all !!COINEX:TONUSDT As you can see, the price reached the end of the channel and the triangle, and now the bullish candle closed above the EMA100, which can be a good signal for the price increase, and as you can see, the downward waves (ABC) have ended. ✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅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!!
Long
by CobraVanguard
1
TONUSDT Ready For More Downward Move | Bearish Vibes All OverYello, Paradisers! Have you been keeping an eye on Toncoin (#TON)? Our latest analysis suggests a critical moment is approaching. Let’s dive into the details. 💎#TONUSDT has been trading within a rising wedge formation on the 1D timeframe. This pattern typically signals a potential bearish reversal. Currently, #Toncoin is testing the rising wedge's lower support level, and there is a possibility that it might drop further if this support breaks. 💎The ascending resistance and the rising support form a rising wedge pattern. This pattern is generally bearish which indicates that the current uptrend might be coming to an end. 💎The strong resistance zone is marked at $8.310. If #TON fails to break above this level, the bears might take control, leading to a downward move. If this happens, the immediate support level to watch is $6.255. 💎If CRYPTOCAP:TON breaks below this level also, the next significant support lies in the major support zone between $4.607 and $4.381. This area is critical as it can provide a good chance of a pullback if tested. 💎In a scenario where the current ascending support of the rising wedge doesn't break and TON breaks above the resistance zone marked then Bulls will take over Stay focused, patient, and disciplined Paradisers MyCryptoParadise iFeel the success🌴
Short
by MyCryptoParadise_Simon