TONUSDT_EQAXYO trade ideas
SasanSeifi 💁♂ TONCOIN -$10 /$14 ❗❓🤔Hey there,✌
Toncoin ( KUCOIN:TONUSDT ) has demonstrated a remarkable upward trend, surging over 250% after breaking through the $2.50 resistance zone. While the price has encountered resistance at the $7.50 level and is currently trading around $6.00, key support levels at $5.00 and $4.00 could present attractive entry points for long-term investors in the event of a price correction.
From a long-term perspective, TON has the potential to continue its upward trajectory, aiming for the $10.00 and $14.00 resistance zones. However, it is essential to observe how the price reacts to these support levels during any potential correction to understand the continuation of the price trend better.
Remember, this analysis is based on technical indicators and price movements and should not be considered financial advice. Conduct thorough research and due diligence before making any investment decisions.
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TON Breaking OutI am personally NOT trading altcoins right now and I do not own this coin. That said, it has shown tremendous relative strength for this entire bull market and on this recent drawdown.
As you can see, Trading Alpha is showing squeeze shading, a breakout to the upside, a grey arrow showing a buy signal and grey dots. About as clear as it gets. There was also a clear “B” at the bottom.
We also have a clear break of the downward resistance (blue line).
This looks headed to the all time high at $7.61. A break above that is blue skies, which is one of the most appealing trades in markets.
Toncoin TON is trying to win the "hearts of the Internet" againIn fact, the history of TON has been going on for a long time: since 2021, or maybe even 2020.
I remember for sure that only the "chosen ones" could buy TON through "super murky" schemes and for large sums. It was like an Internet Masonic lodge being formed then)
If you are very interested, you can read more, the Internet remembers everything)
But in short, in the fall of 2021, the TONUSD price reached $4.50-5
And then, the end of the bull market phase + a bunch of sanctions and bans for TON, officially called by "anonymity," but few people know what really happened - the TONUSDT price collapsed.
TON bought back their own Toncoins from investors at a discount of -50-70% , and the amounts were worth millions - it was a great business.
2.5 years later, TON is trying to expand the market by v2.0. Now the price is reaching previous highs. We think there is a chance to grow to $5.
There are ongoing trading contests that support the TON price.
Perhaps even the TONUSDT price will rise to $6.70-7 and break into the top 10 crypto projects with its capitalization.
Do you believe in it?
TON looks bearishAfter wave E, which was the last wave of the triangle, the price has entered a bullish diametric.
Now it seems to be in the last wave of this diametric. The last wave of this diametric is the g wave. From the supply range, we expect rejection towards the green box.
The targets are listed on the chart
Closing a daily candle above the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Toncoin (TON/USDT): Bullish Momentum and Key Levels to WatchToncoin (TON) is currently trading at approximately 5.960 USDT, showing a notable uptrend and exhibiting strong bullish signals. This analysis utilizes a combination of technical indicators, candlestick patterns, and trend analysis to provide a comprehensive outlook on Toncoin’s potential price movements.
Conversion Line (Tenkan-sen): Positioned at 5.890 USDT, this line is above the base line, indicating short-term bullish momentum.
Base Line (Kijun-sen): Positioned at 5.825 USDT, supporting the continuation of the uptrend.
Leading Span A (Senkou Span A): Expected to cross above Leading Span B, reinforcing bullish sentiment.
Cloud (Kumo): The price is trading above the cloud, suggesting a bullish trend.
Increasing volume corroborates the price uptrend, indicating strong buying interest.
MA-50 and MA-200: The MA-50 is above the MA-200, confirming a golden cross and a bullish signal. The MA-50 is at 5.692 USDT, while the MA-200 is at 5.925 USDT, both acting as dynamic support levels.
Immediate Resistance: At 7.230 USDT, followed by a significant resistance level at 7.671 USDT.
Support Levels: Strong support is observed at 5.590 USDT and 5.923 USDT, with additional support at the 5.518 USDT pivot point.
The current price is approaching the 61.8% Fibonacci retracement level around 6.374 USDT, which is a critical point for potential price reversal or continuation.
Ascending Channel: The price is trading within an ascending channel, indicating a continuation of the bullish trend.
Descending Channel Breakout: A recent breakout from a descending channel suggests further upside potential.
Price Prediction and Trade Strategy:
Long Position:
Entry Point: A break above 6.020 USDT confirms a strong bullish signal.
Price Target: Targeting the resistance levels at 7.230 USDT and 7.671 USDT.
Stop Loss: Set a stop loss below the support level at 5.590 USDT to manage downside risk.
Risk/Reward Ratio: Aiming for a R/R ratio of approximately 1:2 or higher.
Short Position:
Entry Point: If the price fails to break above 6.374 USDT and shows signs of reversal, a short position could be considered.
Price Target: Targeting support levels at 5.923 USDT and 5.590 USDT.
Stop Loss: Set a stop loss above the recent high at 6.374 USDT.
Risk/Reward Ratio: Aiming for a R/R ratio of approximately 1:2 or higher.
Toncoin (TON/USDT) displays strong bullish signals with potential for further price appreciation. Traders are advised to watch for a breakout above 6.020 USDT for a long position, targeting 7.230 USDT and beyond. Conversely, a failure to break key resistance levels could provide shorting opportunities towards lower support levels. As always, traders should employ appropriate risk management strategies and adjust positions based on market developments.
Toncoin Set to be Listed on Hashkey, is $TON Price Set to Rally?Toncoin ( LSE:TON ) will be listed on HashKey Exchange, a licensed virtual asset exchange in Hong Kong, starting on May 9. The listing schedule includes deposits and withdrawals, with the trading pair TON/USD available only to professional traders. The partnership between TON Foundation and HashKey Group extends beyond listing arrangements, as both entities explore investment opportunities within the TON ecosystem. The partnership aims to create a more seamless and user-friendly environment for cryptocurrency enthusiasts, fostering broader adoption and engagement.
Currently, market data shows a positive trend for Toncoin ( LSE:TON ), with a price of $5.85 and a 24-hour trading volume of $218.6 Million. Despite a slight price decline of -4.26% in the last 24 hours, Toncoin ( LSE:TON ) has experienced an 18.42% price increase over the past 7 days. With a circulating supply of 3.5 billion LSE:TON and a market cap of $19.6 billion, Toncoin ( LSE:TON ) is a significant player in the cryptocurrency market.
Toncoin TON Intraday Trade SetupToncoin is following yesterday's CRYPTOLEAN forecast.
A bullish move from its current price location or after a re-test of $5.77 is very likely towards $6.37 and, possibly, higher to $7.00.
A dip to below $5.77 will lead to a choopy, sideways price action.
Find more in the signature.
TON and his communityCRYPTOCAP:TON
Pavel Durov is not someone who tries to make a quick buck. His idea is to create the largest social network web3, which in theory should become the world's WeChat. After the speech, the token sagged and now trades in the range of $4.8-5.5. Today pantera capital has become a validator of TON, and tether has already accumulated more than $100k on TON. On the blockchain are actively trying to build various projects, crypto exchanges, launch memcoins, and recently there was news about revshare payment from channels in Telegram in $TON. In the perspective of six months to a year, LSE:TON is very likely to soar to $10+, taking its place among the leaders of the crypto industry
Ton : brother of ETH📊Analysis by AhmadArz:
🔍Entry: 4.926
🛑Stop Loss: 4.578
🎯Take Profit: 5.271 - 5.587 - 5.90
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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TON UPDATE (12H)From the specified supply in the previous analysis, there was a good drop.
The white line corresponds to the price movement in the previous analysis and the gray line corresponds to the movement of this analysis
We have updated the support range.
Now the price is near an important support area.
By maintaining the green range, it can move towards the TPs. When TON reaches TP 1, place stop on entry and save some profit.
Closing a daily candle below the invalidation level will violate the analysis.
Why cryptomarket dump heavily before halving ?In the world of cryptocurrency, a common occurrence preceding halving events is the significant sell-off observed in the market. This trend raises questions about its origins and implications for market participants.
Firstly, miners , responsible for maintaining the blockchain and validating transactions, often opt to secure profits to cover operational expenses . With the reduction in block rewards post-halving, miners anticipate potential price volatility and choose to capitalize on current market conditions.
Institutions , having strategically accumulated assets at lower prices during accumulation phases, view all-time highs as opportune moments to offload shares and realize profits . This profit-taking behavior is part of their trading strategies , enabling them to reinvest liquidity into new ventures and long-term investments, while also positioning themselves for potential altseason rallies.
On the retail side, traders engaged in high-risk leveraged positions near all-time highs may face liquidation, contributing to sell pressure. Additionally, some traders opt to capitalize on profits, while others succumb to panic selling induced by market fear, further driving prices down.
However, it's important to note that these sell-offs also present opportunities for market participants. Crypto exchanges absorb sold coins , smart investors utilize the opportunity to cost-average their positions, and steadfast long-term investors, often referred to as " diamond hands " view the downturn as a chance to accumulate assets for the long haul.
Thank you for your attention.
#TONUSDT#TONUSDT 4H
After a 10% drop in the last 24 hours, the tone has reached the price of $4.7. It has lost the support of 5.2 and has fallen one step lower. Currently, it has a support range of $4.7 to $4.76. If it is not supported, open It can reach lower i.e. 4.4 dollars. This point is a good place to reduce the average, but trading is not recommended at the moment. For the bullish scenario again, it should break the 5.2 resistance and stabilize.
Technical analyst: Amir Hassan Salek