TONUSD trade ideas
Ton Coin (TON) Weekly Chart AnalysisTon Coin is poised to be an important and influential player in the future of blockchain. After experiencing a powerful uptrend in early 2024, which followed an ascending triangle pattern, the Ton coin is currently undergoing a price correction. This correction is expected to reach a very good level in the, presenting a promising entry point for short-term or medium-term investments.
Currently, the market is experiencing selling pressure, which can be advantageous for trading. However, for those looking to invest and hold, the price range around $3 will be a critical level to determine the value of this coin.
These conditions highlight the potential for a lucrative investment opportunity. Be sure to keep an eye on market movements and plan your strategy accordingly.
Disclaimer : This analysis is based on the provided chart and is for educational purposes only. It does not constitute financial advice. Always conduct your own research before making any investment decisions.
Good luck! 🎯
Armin-Academy
ton is eth killerton is best investment that have beautiful technical.fundamental for this coin shows it can easily replace eth or near it
Toncoin Resumes Its Bullish TrendToncoin with ticker TONUSD made a bigger decline recently after Telegram CEO Pavel Durov was Arrested in France. However, they were most likely just spreading the fear like back in 2022 when FTX's Sam Bankman-Fried was arrested as well, but Crypto market found the low back then and turned bullish. So, don't get scared at this stage, as TONUSD may have just finished a deeper A-B-C correction in wave (4) from where we can expect a bullish resumption for wave (5) of 3.
It's actually nicely bouncing from projected support area for wave (4), so wave (5) can be now in progress, especially if jumps back above channel resistance line and 7.3 bullish confirmation level. If that will be the case, then wave (5) has space towards 12-14 target area.
In Elliott wave theory, every impulse should be finished by a five-wave cycle.
TON CoinIt's fascinating to witness Telegram games starting to incorporate TON coin for in-app purchases earlier this year. This move could potentially boost the coin's visibility and utility.
What are your thoughts on TON coin? Do you see it as a promising investment opportunity, or do you think it might end up being just another underwhelming cryptocurrency?
[TON/USD] TON EMAs are lining up beautifullySome trades are as simple as looking at how its EMAs are lined up. This CRYPTO:TONUSD 4 hr chart for example. Look how pretty those EMAs are stacking up...mine are 12, 26 & 220 EMAs....and, the price has also broke the downtrend line.
Bearish on TONUSD: 58% to 97% Probability of Hitting TP1!Toncoin (TON) is currently facing several bearish pressures in the market:
Key Fundamentals
- Declining trading volume indicates waning investor interest
- Price action below key EMA levels (20-day, 50-day, and 100-day) reinforces bearish sentiment
- Recent completion of a Death Cross on the daily timeframe, the first since May 2023, suggests potential for further downside
- Broader cryptocurrency market uncertainty and regulatory concerns are affecting altcoins like TON
I'm employing probability-based analysis on my charts to strategically enter short positions on TONUSD.
3D:
Hourly timeframes:
Please feel free to share your ideas and thoughts!
downward trendin MACD its seems we have HD- for ton/usd
in my opinion the price will go down to the specified support zone.
Further 50% decline in store for TON with bearish continuationTON/USD – Bearish Continuation with Elliott Wave & Head and Shoulders Setup
Toncoin has completed a Wave B as part of an ongoing A-B-C correction in the Elliott Wave structure. We are now entering Wave C, targeting a .618 Fibonacci level around $2.81. This level coincides with a previous high retest, adding further confluence to the idea of a potential bottom there.
Additionally, a Head and Shoulders pattern has formed, with the head peaking in May 2024 and a lower right shoulder forming around July/August 2024. The neckline sits around $5.00, and a confirmed breakdown below this level could accelerate the move toward the $2.81 target, completing Wave C.
Key Levels:
• Current Price: $5.61
• Neckline: $5.00
• Wave C Target: $2.81 (50% drop)
Both the Elliott Wave and the Head and Shoulders pattern suggest further downside, with $2.81 acting as a critical support zone. A break of the neckline could signal more selling pressure. Keep an eye on price action near $5.00 for confirmation.
TONUSD 1st 1D Death Cross in 1.5 years calls for more downside.Toncoin (TONUSD) has been trading within an established long-term Channel Up (blue) and a Diverging one (dotted), while forming a Bearish Leg since the June 15 2024 High.
The highlight of the day is the completion of the first Death Cross on the 1D time-frame since May 19 2023. Naturally this is calling for more downside, which can extend as low as the 0.618 Fibonacci retracement level according to the previous Bearish Leg.
Our Target is 3.50 and we expect the correction to complete a Bottom after the 1D RSI posts 3 straight Higher Lows, similar to the Bullish Divergence of July 2023.
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[Crypto Currency] The forecasting of TONUSD's action price The forecasting of TONUSD's action price on Sept 11th, 2024
TONCOIN will not shy away from $5.0 easily.TONCOIN will not shy away from $5.0 easily.
You see CRYPTOCAP:TON , it will not shy away from $5.0 easily.
Fundamentals have not been in favour of this coin following Durov's arrest.
However, investors are still optimistic about this asset.
These are some zones to watch out for trading
TON COIN TELEGRAMThis week we will have CPI news and most likely we will have more fall on crypto, so you can buy ONE step in the fall and hold for long term.
Big risk in TONTON make a correction movement and so far complete A and B wave
Price can go down to the mark zone
Big risk in TONTON make a correction movement and so far complete A and B wave
Price can go down to the mark zone
TONUSD: A Bearish Rollercoaster – Are You Ready for the RideTelegram CEO Pavel Durov Arrested in France
Pavel Durov, the CEO and founder of the popular messaging app Telegram, was arrested on Saturday evening at Le Bourget Airport in France while exiting his private jet. The arrest is linked to an ongoing police investigation in France, which is reportedly focused on Telegram's lack of content moderation, allowing criminal activity to persist on the platform.
Charges and Potential Penalties
Durov, a Russian-French billionaire, faces serious charges related to offenses allegedly facilitated through Telegram, including complicity in drug trafficking, crimes against children, and fraud. If found guilty, he could face fines and up to 20 years in prison, depending on the specific laws under which he is charged and the severity of the alleged offenses.
Impact on Toncoin and TON Ecosystem
The arrest of Telegram's CEO has had a significant impact on the cryptocurrency market, particularly on Toncoin (TON), which is closely tied to Telegram. Toncoin experienced a sharp decline of over 19%, dropping from around $6.75 to under $5.50 in less than 12 hours following the news. The TON ecosystem as a whole has been affected, with concerns raised about the future of the blockchain and its relationship with Telegram.
Reactions from the Tech Community and Supporters
The tech community has expressed various reactions to Pavel Durov's arrest, with concerns raised over privacy, security, and the balance between these aspects and government oversight. Elon Musk, CEO of SpaceX and Tesla, took to Twitter to show his support for Durov, using the hashtag #FreePavel and sharing a theoretical idea about people being executed for liking a meme. The TON community has also issued a statement expressing its firm support for Durov and emphasizing that the operation and mission of the community will not be affected by this incident.
Now let's have a look at the technical context behind the TONUSD and what I'm looking for to get positioned into shorts on hourly timeframes by relying on probabilities.
3D:
1H:
MY outlook for TON CoinMY outlook for TON Coin
If TOn breaks above that resistance, we should see it rally up. However, if it fails, we should see it ride back down to the ascending trendline acting as resistance.
TON to enter $10This is an analysis shows that TON coin might be headed for $10 with the use of support and resistance
Ton making a Bull FlagWe got strong health ecosystem wide,
A picture perfect bull Flag Forming in the 4 hr, Volume and RSI is health.
If the move mirror the prior move target is high 6.9 to 7 usd
Wish me holy leveraged lords luck!
# TONUSD_WCurrently, this is the most likely state of the TON chart
This is a very long term signal for institutional investors since it starts with the cycle wave degree followed by the primary and intermediate wave degrees.
after the end of wave 4 in 3.70
The target of the Intermediate wave degree, which is in wave 3, is the most conservative target to reach at 11.60 then 14.80
TONUSD Potential UpsidesHey Traders, in today's trading session we are monitoring TONUSD fora buying opportunity around 7.87 zone, TONUSD is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 7.87 support and resistance area.
Trade safe, Joe.
