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TONUSDT trade ideas

Lingrid | TONUSDT consolidation CONTINUES. Potential longObserving the OKX:TONUSDT , we can notice that most significant price movements tend to occur over the weekends. Recently, the price has formed a double bottom and tweezer bottom candlestick pattern, which is a bullish indication. The price has bounced off a key support level, creating an upward channel. Since the price action has been moving sideways within a range zone established at the beginning of July, I anticipate continuation of the consolidation until we see clear trend. I think that the market may pull back to the support level before reversing and moving upwards. My target is resistance zone around 7.445. 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
3
TONCOIN🚀 TONUSDT Trading Analysis 🚀 📊 This chart for TON/USDT on the 1-hour timeframe shows a significant downtrend line (black) that has been recently broken, signaling potential upward movement. 📈 Key Levels: Resistance Zone (Red): 7.254 - 7.500 ❌ Support Zone (Red): 7.085 - 7.162 ✅ Major Support Zone (Green): 6.370 - 6.460 🟢 Target Prices (TP) 🎯: TP-1: 7.382 TP-2: 7.548 TP-3: 7.664 TP-4: 7.849 TP-5: 8.053 TP-6: 8.087 TP-7: 8.112 Analysis 🔍: The trader expects the price to rise after breaking the downtrend line, targeting the levels mentioned above. Entry and exit points are: Entry Point: Around 7.321 (just above the support zone) 📌 Targets: From 7.382 to 8.112 📈 Stop Loss: Around 7.085 (below the support zone) 🛑 Strengths & Weaknesses: Strengths: Breaking the downtrend line and proximity to the support zone 💪 Weaknesses: Strong resistance zones ahead 🚧 Overall, this is a long trade setup expecting a gradual upward movement towards the target prices based on technical analysis. 📉➡️📈
Long
by ahmadarz
2
TON Coin: Consolidation Phase!!In the dynamic world of cryptocurrency, TON Coin has been making waves with its recent market performance. Following a strong uptrend, the market appears to be in a consolidation phase, suggesting that a continuation of this upward momentum could be on the horizon. This can also be considered an outcome of excess inflow of ton to the market following the ongoing Telegram 50% APY investment, which gives TON to users as rewards of their stake. Market Overview TON Coin has seen impressive growth over the past few months, driven by increased adoption and robust community support. However, the recent price action indicates that the market is taking a breather, consolidating gains before possibly resuming its uptrend. Understanding Consolidation Consolidation is a common market behavior where the price fluctuates within a narrow range after a significant move, allowing the market to gather strength for the next big movement. This phase is crucial as it often precedes either a breakout or a reversal. Key Indicators Several technical indicators suggest that TON Coin's current consolidation is healthy and a continuation of the uptrend is likely: Support and Resistance: The price is holding above a key support level at the 7.0 region, indicating strong buying interest. The resistance levels within 7.2-7.6 is being tested repeatedly, and a breakout above this level could signal the start of a new rally. Volume Analysis: Trading volume has decreased during the consolidation phase, which is typical as buyers and sellers wait for a clear direction. A surge in volume accompanying a breakout would confirm the continuation of the uptrend. Moving Averages: The 50-day moving average remains above the 200-day moving average, reinforcing the bullish outlook. Additionally, the price is staying above both these averages, indicating ongoing positive sentiment. Fundamental Strength Beyond technical indicators, TON Coin's fundamentals remain strong. Here are a few factors contributing to its resilience: Innovative Technology: TON Coin's underlying technology and its applications in decentralized finance (DeFi) and other sectors continue to attract interest and investment. Community Engagement: A dedicated and active community supports TON Coin, contributing to its stability and growth prospects. Strategic Partnerships: Collaborations with key industry players are enhancing TON Coin's ecosystem and expanding its use cases. Future Outlook As the market consolidates, traders and investors are closely watching for signs of the next big move. If the price breaks above the dynamic resistance levels at 7.2 -7.3 region with increased volume, it could trigger a new wave of buying, pushing TON Coin to new highs. Conversely, a drop below the support level at 7.0 region might indicate a temporary correction.
by TheLastLuftwaffe
1
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