(Update) !!! TON Analysis : Bull or Bear ? (READ)The weekly candle close of the under the midline it means price can drop to the bottom of the channel and complete the downward wave (ABC) and then increase.
Previous Analysis
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TONUSDT trade ideas
Ton need to fill this !we had a news about ton coin owner pual who arrested in France
then we lost ton coin price to 10% but it not filled yet So we are expecting to fill this area as soon as posible also there are many good news about ton coin and telegram bots in few months
buy it in Market also can be help full 🚀🚀
@TradeWithMky
Toncoin (TON) price analysisToncoin (TON) has recovered after its weekend bloodbath following the news of the arrest of Telegram founder Pavel Durov. As a result, TON plummeted from $6.73, dropping almost 12% on Saturday and 2.93% on Sunday to end the weekend at $5.76. As we can see in the price chart, TON faced significant selling pressure on Saturday and Sunday, hitting lows of $5.45 and $5.26, respectively. The current week began with TON still languishing in the red, dropping below the 200-day SMA after a drop of almost 11%. Monday’s crash also saw TON slip below $5.50 and settle at $5.14.
TON rallied on Tuesday as buyers returned to the market thanks to strong lower-level demand, rising over 6% and settling at $5.45. The altcoin faced substantial volatility on Wednesday, dropping to a low of $5.13 and a high of $6.04 before settling at $5.54 after an increase of 1.58%. The current session sees TON up by 1.24% as it struggles to move above the 200-day SMA, acting as a dynamic resistance level. With Durov granted bail on Wednesday, market watchers were hopeful it would have a positive impact on the TON price. However, there is no indication of a rally, with large wallet holders remaining skeptical and dumping around 123 million TON in the past 24 hours. As such, the sentiment around TON remains bearish.
What's next for TON?Many are currently concerned about the future of the TON cryptocurrency and Pavel Durov, who is behind this project.
I am more than confident that this is yet another manipulation, just like many other manipulations in the market. And if you hold this coin and feel the urge to sell it – the manipulation worked.
You might ask, what should we do? Will the coin grow?
Clearly, no one knows the future, but according to my indicator, the best buying zone is within the $3 - $4.6 range. (See the indicator's performance on the chart; I've attached a screenshot). $3 - $4.6 is the zone where I would be interested in buying this cryptocurrency. I plan to buy in parts and average my entry price, of course, if the market presents such an opportunity. For those who are particularly risk-prone, you might try buying now with a small percentage of the capital you're willing to allocate to this coin.
TON/USDT Trading ScenarioThe decline in the TON value following the arrest of the founder of Telegram and the TON platform mirrors the scenario of BNB's price drop after the arrest of Binance's CEO.
At that time, BNB lost over 30% of its value, then entered a sideways trend. However, with the start of BTC's rise at the end of December, the asset's price not only recovered but also surged by more than 280%.
In the case of TON, we are observing a similar situation, making the current price attractive, while any further decline provides an additional opportunity to increase returns. The TON network and the Telegram messenger are fundamental factors contributing to the trust in this asset.
TON network outage triggers price dipToncoin (TON) has no doubt been one of the fastest growing networks and its runtime has been flawless until now. Fresh reports indicate that the network experienced its first downtime incident this morning.
Preliminary reports found using Tonscan show that block generation on Ton halted for almost three hours. One of the TON Foundation members revealed that the downtime was caused by transactions overload, mainly involving DOGS.
The downtime resulted in the suspension of deposits and withdrawals via TON by multiple exchanges. This includes Binance and ByBit.
The downtime reportedly caused a loss of consensus among validators. This means that validators have to restart the network to kick things into motion again. TON had already fixed the issue and restored network operations at press time.
Toncoin retested its August lows after tanking by as much as 26% during the weekend. It was down by 2.98% in the last 24 hours to a $5.25 press time price.
It remains unclear whether the downtime incident will affect demand for Toncoin in the near term. Especially now that the network is up and running again.
Toncoin (TON): Worst Case ScenarioAs there are a lot of talks about Bitcoin, we are looking at it in a bigger timeframe.
We are seeing that price had a nice downward movement resulting in a possible break of structure to happen near the support zone.
We are now looking at that zone and if it is broken, then a further movement to lower zones will happen, filling all those FVGs.
Swallow Team
Toncoin (TON) price analysis amidst Durov arrestToncoin (TON) has lost a staggering 21% over the past week as its value plummeted following the arrest of Telegram founder Pavel Durov. More bad news for TON is that French authorities have charged Durov with complicity in multiple criminal activities and failing to provide cryptographic access per the authorities’ demands. TON plummeted following news of Durov’s arrest on August 24, dropping almost 12%, slipping below crucial support levels and wiping out considerable gains made over the previous week. TON continued to drop over the weekend, falling to a low of $5.26 before demand at lower levels enabled a recovery of sorts. Despite this, TON fell by almost 3%, settling just above the 200-day SMA at $5.76.
Buyers attempted a recovery on Monday as TON rose to a day high of $5.99, almost regaining the $6 level. However, sentiment changed, and sellers retook control, driving TON down by nearly 11% to $5.14. The drop also saw TON slip below the 200-day SMA and the $5.50 support level. The current session has seen buyers enter the market, indicating lower-level demand. TON is currently up by just over 6% and trading around the $5.45 mark. If buyers continue to enter the market, TON could push back above $5.50 and attempt to reclaim the levels above the 200-day SMA. However, TON could slump back to $5 if sentiment changes again.
Position buyThis chart for TONUSDT (Toncoin against USDT) on a 4-hour timeframe seems to be highlighting an entry and exit strategy for traders. Here’s a breakdown:
Key Elements:
1. Best Entry Zone (5$) 🚀:
- The chart indicates that the $5.00 level is considered the "best entry" point for opening a long position, suggesting that the trader expects a price reversal or an upward movement from this level.
2. Take Profit 1 (TP-1) 🎯:
- The first take profit target is at $5.543, meaning that once the price reaches this level, traders may choose to lock in some profits.
3. Take Profit 2 (TP-2) 🎯:
- The second take profit target is at $6.144, where further profit can be taken if the price continues to rise.
4. Take Profit 3 (TP-3) 🎯:
- The third and highest target is set at $6.731, which suggests a more ambitious profit target if the price continues its upward momentum.
5. Stop Loss (SL) 🛑:
- The stop loss is placed just below $4.627, meaning that if the price drops to this level, the trade will be closed to limit losses.
Summary:
- Entry: Around $5.00 (best entry).
- Take Profit Targets:
- TP1: $5.543
- TP2: $6.144
- TP3: $6.731
- Stop Loss: $4.627
This is a simple risk management strategy where the trader aims to catch a bounce from the $5.00 level with multiple profit-taking points on the way up and a defined exit if the price moves against them.
Phemex Analysis #16: TON - A Calculated Dip or a Risky Gamble?The recent turbulence surrounding Telegram has undoubtedly impacted the TON market. While the potential for a rebound exists, it's crucial to approach this situation with caution and a well-informed strategy. For investors who believe in TON's long-term prospects, understanding key technical support levels can provide valuable insights for potential entry points.
Support Levels
$4.60: A historically strong support level, indicating potential buying interest at this price.
$3.30: While untested, it could offer robust support based on past performance.
$2.15: This is the most critical support level. A break below this could signal a more extended downtrend.
Entry Strategies
Higher Probability: Purchasing slightly above the support level can increase the likelihood of a successful entry, but it also carries a higher risk.
Lower Risk: Buying at or below the support level offers a more conservative approach, but it may involve potential slippage or missed opportunities.
Additional Considerations
Bitcoin's Influence: Keep a close eye on Bitcoin's price, as it often sets the tone for the broader cryptocurrency market.
Telegram's Founder: News related to Pavel Durov, the founder of Telegram and TON, can significantly impact the price.
Conclusion
While TON's long-term potential remains promising, the current market conditions demand a cautious approach. Conduct thorough research, consider your risk tolerance, and utilize technical analysis to make informed decisions.
Note: Have you tried Phemex’s Multiple Watchlists yet? We’re the first crypto exchange to offer fully customizable watchlists, allowing you to rename, rearrange, and even place basket orders on all the coins within your lists.
Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
TON At A Critical Situation, Long Or Short?Following durov's detention in france, TON expereience a black monday level drop, and now the support line below the parallel channel is being tested. If durov gets a free get out of jail card, we might experience a big comeback from TON. But if that doesn't happen, telegram might get banned in india and then we might see the downfall of TON to 2.7.
I think Both Scenarios are highly possible, but my money is on LONG.
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I'm new to trading and this is not an investment advice!
I also must note that I am Almost ALWAYS Wrong!
TON Coin Mid Term LONG IdeaTON coin is currently experiencing panic selling due to the founder’s arrest. However, we believe in the strength and potential of the TON ecosystem.
Technically, it’s at levels that are suitable for buying, and long-term investors may consider adding it to their SPOT wallets using the DCA strategy.
For those who prefer to avoid risk, they can wait to enter the trade after a deviation outside the range.
Take your risk, make some profit !
TONUSDTHere’s a sample analysis text for the TON/USDT pair based on the 1-hour timeframe chart you provided:
🔍 TON/USDT Analysis: 1-Hour Timeframe 📉
The TON/USDT chart on a 1-hour timeframe indicates key upcoming dates where price movements may provide trading opportunities. It’s essential to align these signals with higher timeframes for a holistic view of the market.
• August 26, 2024, 21:00, August 28, 2024, 21:00 - Green Lines: These times suggest potential local lows. These moments might offer favorable conditions for accumulating TON or entering long positions.
When dealing with this 1-hour timeframe, remember that these movements should be analyzed within the context of higher timeframes to gain a comprehensive understanding of the overall market trend.
Note: The exact timing of these phases can vary by +/- a few hours. All times are based on UTC-7 (Los Angeles).