TON → Strong fundamentals open up bullish potential OKX:TONUSDT has been demonstrating excellent fundamental data lately. The market is forming accumulation of bullish potential, which may soon move to the realization phase.
The price is trading under the global descending resistance line. The market continues to form an ascending price channel. It is worth paying attention to the ascending triangle and false resistance breakout. The market does not allow a fall after the false breakout. What is not natural for the standard situation is that after the false breakout, the price forms a small pullback and returns to the 2.520 resistance for a retest.
Clearly, Toncoin is now under the watch of a major buyer. The consolidation may soon move into a distribution phase, provided that the resistance is broken and the price consolidates above the red downtrend line. Moving averages are supporting the market.
Resistance levels: 2.500, 2.600
Support levels: 2.329, 2.228
Bulls can keep the price below the support levels. A retest to resistance will increase the chances of its breakout, which is what I am waiting for. A break of 2.500-2.600 will form a bullish impulse.
Regards R. Linda!
TONUSDT_EQAXYO trade ideas
TON → Break Resistance or Flop? Hold Your Entry! Lets Review.Toncoin is racing upward to break resistance in this perfect ascending triangle! Is there enough momentum for the pattern to play out? Or will the price surprise us and reverse down to the 200EMA?
How do we trade this?
If you're not already in a trade, do not enter . There is pain in either direction; we're too close to resistance to long and we don't have a bear signal bar or any strong data to support a reversal. Best to wait on the sidelines until one of two scenarios happens.
1. If the price breaks the Resistance Zone and shows support after the breakout, a long entry is reasonable. It would be a bonus if we see Bitcoin break its Weekly Resistance and make its way toward the $40,000 price range, which brings bullish sentiment to the Crypto market.
2. If the price fails to break resistance and shows us a strong bear signal bar; pin top with the small body closing on or near its low, then a short entry may be reasonable. The probability would be greater if you waited until the support line was broken and a strong bear candle closed below it.
Until then, let's see where the price action goes. FOMO (Fear of Missing Out) is your worst enemy. You're making more money by not falling for the seduction of market profit.
Trade Ideas
Short Entry : $2.33
Stop Loss: $1.39
Take Profit: $2.65
Risk/Reward Ratio: 1:1
Long Entry: $2.82
Stop Loss: $2.50
Take Profit: $3.47
Risk/Reward Ratio: 1:2
Key Takeaways
1. Ascending Triangle, Bias to Long.
2. Two Failed Attempts to Break Resistance.
3. Wait for Price to Break and Hold Above Resistance.
4. If Price Falls Below Support Line, Look to Short.
5. RSI at 53.00, above Moving Average. Bias to Long.
You are solely responsible for your trades, trade at your own risk!
If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
TONUSDTYou will receive this chat a a copy to you mail, and we'll keep you updated there! Casenumber is 24120664!
keep an eye on TON
4 reasons to buy
1. TON is Telegram coin
2. 12M candle still above the low of 2021 candle
3. 1M candle is above then 20MA Bollinger band
4. This is under 100 coins in Coinmarketcap
we need to wait for breakout of 2023 12M candle and should take support on it at 1M candle. You can see this in coming months and if this happens. You can jump into it.
100x is easy game. Please do your own research.
TON Looking to Close the Gap! This Trade Setup Takes AdvantageTON is showing great support along the ascending support line. The last three bars are confirmation bars supporting the bias that the pattern will continue. We're approaching previous highs from early 2023/2022 around $2.70, a resistance zone that stands in the way of the bullish price action.
How do we trade this?
The price currently trending upward and showing support along the ascending support line. RSI is above the moving average and there's a gap to the top of the resistance zone. But what about the resistance zone? From a trade management perspective, we have a 1:2 Risk/Reward ratio and the probability of profit on our side. It's reasonable to long here, setting a protective stop around $2.27 and a take profit around $2.70.
Key Points
1. Ascending Triangle, Long Bias.
2. Multiple Buy Signal bars on Support.
3. Gap to Previous High of $2.70, Top of Resistance Zone.
4. RSI around 55 and above the moving average, supports Long BIAS.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
Cryptocurrency TON to be Featured in Telegram GiveawaysTelegram is set to introduce a new feature that will allow channel administrators to conduct giveaways supported by the cryptocurrency TON. This exciting development was announced by Andrey Rogozov, the founder and CEO of The Open Platform, at the ongoing The Gateway conference in Dubai.
The integration of TON support , along with NFTs and TON-based altcoins, is poised to open new avenues for audience interaction and engagement in Telegram channels. This represents a significant advancement for the Telegram ecosystem, enhancing the user experience by adding a new layer of interactivity and participation within the community.
Trader's Forecast: The Potential Impact on TON's Value
This new development could signal a bullish trend for TON. The visibility and utility of TON are likely to increase as it becomes integrated into Telegram's widely used platform. The ability to distribute TON through giveaways could foster a positive sentiment and potentially lead to higher demand.
Given Telegram's vast user base, this synergy between TON and Telegram might be a pivotal factor in increasing the adoption and market value of TON. However, as with any investment in cryptocurrencies, market dynamics and external economic factors should be considered.
Over the next year, the success of this integration and its adoption by the Telegram community will be critical in determining TON's market trajectory. Traders and investors should closely monitor the developments and reception of TON within the Telegram ecosystem.
TON's Bullish Prelude📈💪There's a new player on the market, and it's making waves with its bullish demeanor. TON, the fresh-faced token, is displaying early signs of strength, trading within an ascending triangle that hints at an imminent breakout, poised to reach $5. Let's delve into what makes TON a compelling entry into the crypto scene. 📈💪
TON's Bullish Prelude:
TON has entered the market with a burst of bullish energy, capturing the attention of traders and investors alike. Its current trajectory within an ascending triangle pattern signals a promising start for this new entrant.
Technical Strength:
Ascending Triangle Formation: The ascending triangle is a bullish continuation pattern, showcasing TON's underlying strength. This pattern suggests a potential breakout to the upside, and $5 emerges as a notable target.
Early Market Dynamics: TON's early trading patterns are indicative of a positive market sentiment, attracting interest and investment.
The $5 Breakout Anticipation:
As TON consolidates within the ascending triangle, the stage is set for a breakout, and the $5 level stands as a key target. The breakout could signify a validation of TON's bullish potential and may spark further interest in the crypto community.
Trading Strategy:
Confirmation Entry: Wait for a confirmed breakout above the upper trendline of the ascending triangle before considering an entry.
Volume Analysis: Monitor trading volume during the breakout to gauge the strength of the move. Increased volume can validate the breakout.
Risk Management: Implement sound risk management strategies to protect your capital in case of unexpected market moves.
Conclusion:
TON's bullish entry into the market, coupled with the ascending triangle formation, paints an optimistic picture. As the crypto community watches for the anticipated breakout towards $5, strategic traders may find opportunities aligned with the emerging trend.
May your trades be fruitful, and your journey with TON be filled with bullish strides.
Happy trading,
🌐
❗️Get my 3 crypto trading indicators for FREE! Link below🔑
TON swing trade long signal with good Risk to RewardIf you know TON already then there is no need to explain, but if you don't consider that it is backed by telegram with 800 million users, it is in the top 15 of the coinmarketcap and still not listed on Binance yet!
Despite being a really attractive asset to invest or get some bag for DCA here, it can be considered a long signal as the end of wave A.
Entry, SL and TPs on the chart.
🔄 OP vs. TON: Similar Patterns🔄In the dynamic world of cryptocurrencies, every project charts its unique course. However, sometimes, two projects exhibit strikingly similar patterns. Such is the case with OP and TON, where their charts mirror each other within a large ascending triangle. Yet, beneath this surface similarity, the level of volatility introduces a fascinating twist.
Chart Patterns: Twins in Ascending Triangles
OP and TON, like twins in the crypto space, are both navigating a significant ascending triangle pattern. This pattern is indicative of bullish sentiment, showcasing an accumulation phase that often leads to upward breakouts.
Volatility Dynamics: Diverging Paths
While the charts may align, the volatility levels tell a diverging story. OP, with a 100% rise from its recent local low, demonstrates a steady climb. On the other hand, TON has surged by an impressive 200%, showcasing a higher level of volatility and potentially attracting more attention from traders.
Trading Strategy: Navigating the Twins' Paths
For traders, understanding and capitalizing on the nuanced differences in volatility is key. The steady rise of OP may be appealing for those seeking a more stable climb, while the higher volatility of TON could offer lucrative but riskier opportunities. Tailoring trading strategies to the unique characteristics of each asset is crucial.
Conclusion: A Duo in the Crypto Symphony
As OP and TON continue their journeys, the crypto community is presented with a unique duo. Their shared patterns create an interesting comparison point, while their individual volatility levels provide diversity in trading opportunities. Whether you're drawn to the steadiness of OP or enticed by the volatility of TON, the crypto symphony plays on.
🔄 OP vs. TON Analysis | 📈 Trading Twins | 💡 Investor Perspectives
❗See related ideas below❗
Have you ventured into the realms of OP and TON? Share your trading strategies in the comments! 💚📊💚
$TONUSDT: Low risk buy setupTelegram Open Network has a low risk buy signal here, in both the weekly and monthly timeframes, right on the heels of the network achieving a milestone of having the fastest transactions across the board. (security is always a concern, but I keep an open mind)
Toncoin is a cryptocurrency that runs on the TON blockchain, which was originally created by Telegram founder Pavel Durov. However, Durov had to abandon the project in 2020 after facing legal issues with the US SEC, which claimed that the token sale of Grams (the former name of Toncoin) was illegal. Durov also warned people not to trust any projects that claimed to be associated with Telegram or TON.
Despite Durov’s exit, the TON community continued to develop and improve the technology, launching the TON Crystal network and the Toncoin token in May 2020. Toncoin has since become one of the most advanced and scalable blockchains in the world, setting a record for the fastest transaction speed and integrating with Telegram. Toncoin has also gained recognition from the Dubai Financial Services Authority, which granted it a license to operate in the region.
Toncoin is now one of the top 10 cryptocurrencies by market capitalization and has a large and loyal user base. Toncoin’s success shows that it is not dependent on any single person or entity, but rather on the collective vision and effort of the TON community, which aims to create a decentralized and open internet for everyone.
Best of luck!
Cheers,
Ivan Labrie.
TON ANALYSIS🔮 #TON Analysis - Breakout Trading
🌟🚀 #TON was trading in a "Cup and Handle Pattern" and here we can see that #TON gave a great breakout. Long-term bullish consolidation above the neckline is projected to result in faster growth.📈📈
🔖 Current Price: $2.6618
⏳️ Target Price: $3.2840
⁉️ What to do?
- #TON is aiming around $3.5 in its next price target. We have marked crucial levels in the chart . We can trade according to the chart and make some profits. 🚀💸
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#TON #Cryptocurrency #Breakout #DYOR
TON/USDT Ready for an Explosive Bullish Journey? TON Analysis💎Yello, Paradisers! brace yourselves for a potential treasure trove with TONUSDT! Our analysis indicates a recent breakout from a descending channel, signaling a potential bullish swing.
💎In the recent few days, TonCoin has navigated this narrowing descending channel, with pivotal support pegged at $1.92.
💎The current trajectory suggests a potential revisit to this support level before setting its course upwards. A successful breach of this pattern would further reinforce the bullish perspective.
💎Conversely, anticipate a significant bearish turn if the support doesn't hold. In this context, consider a short position after a retest.
💎Fine-tune your entry and exit strategies for TON with ParadiseFamilyVIP. Delve deeper into seasoned insights on TON and other promising tokens, refining your trading approach.
TON: Resistance BreakoutTrade setup : Price is in an Uptrend. It appears to finally have broken above the $2.60 resistance zone, which is where it got rejected previously in September and in early 2023. Price could attack $3.00 next. However, it is overbought (RSI > 75), so we could see it pause briefly on some profit taking near-term, before resuming it’s uptrend.
Trend : Uptrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.
Support and Resistance : Nearest Support Zone is $1.95, then $1.60. The nearest Resistance Zone is $2.60, which it broke, then $3.00.
TONUSD bullish Fibonacci This week we will have a lot of great crypto that perform nice bullish wave. One of that coin is TON (11th marketcap)
TONUSD bounce from fibonacci 0.618 support and already break up channel down pattern with one full candle.
BUllish target at fibonacci 1.618 (D point) at 2.4026.
TONUSDT Prediction (2H)This is my prediction for TONUSDT.
In 1W chart, we see the price has fully recovered from its continuous decline, making a V shape.
We then see the price goes down again, yet this time it is supported by the key price of 1.9286 and bounces back up.
I expect the price to reach the price of 2.3781 soon.
An obvious and strong position for the ascent of Toncoin...In continuation of the previous analysis (link below) of Toon Coin in today's weekly time frame, this climb becomes active.
With this move, TenCoin can go up to the price of about 4 dollars. Tone Coin seems to work very classically and technically. Because his movements are very patterned and technical.
Let's go to $4...
cup & handle ( Long )A cup and handle pattern is a technical chart pattern that traders and investors often use to analyze the price movement of a security, such as a stock or a cryptocurrency. It is considered a bullish continuation pattern, which means that it typically occurs in the middle of an existing uptrend and suggests that the uptrend is likely to continue.
Here's a breakdown of the cup and handle pattern and what happens when you see it on a chart:
1. Cup Formation:
- The pattern starts with a "cup" shape on the chart. This cup resembles a rounded bottom, which is formed after a prolonged downtrend or consolidation period.
- During this phase, the price of the security gradually decreases and then starts to reverse its course.
- The left side of the cup represents the initial decline, followed by the rounding bottom as buying interest picks up.
2. Handle Formation:
- After the cup is formed, there is a short consolidation period, which is called the "handle."
- The handle is characterized by a relatively shallow and sideways or slightly downward-sloping price movement.
- It can also be seen as a brief period of profit-taking or hesitation among traders.
- The handle often has a smaller range compared to the cup.
3. Breakout:
- The key event in the cup and handle pattern is the breakout.
- Once the handle is formed, a breakout occurs when the price of the security moves above the resistance level at the top of the cup.
- This breakout is a strong signal that the price is likely to continue its previous uptrend.
4. Volume:
- Volume is an important factor to consider when identifying a cup and handle pattern. Typically, there is a decrease in volume during the formation of the handle, followed by an increase in volume during the breakout.
5. Price Target:
- Traders often use the depth of the cup (the distance from the lowest point in the cup to the top of the cup) to estimate a price target for the security. The price target is generally set at a level above the breakout point.
It's important to note that not all cup and handle patterns lead to successful breakouts. Some may fail, and the price could reverse. Therefore, it's crucial to use other technical indicators and analysis in conjunction with the pattern to make informed trading decisions. Additionally, it's always a good practice to wait for confirmation of the breakout before entering a trade, such as waiting for a strong close above the resistance level with increased volume.
But i'm in a long position in TON
TONCOIN - Top 10 Crypto Market Cap PotentialTon Targets - Support and Resistance Zones.
Support Zone: $2.275
Resistance Zone 1: $2.55 - $2.65
Target 1: $2.80
Previous Top Resistance Zone: $3.01 - $3.35
Potential Bull Run Target 1: $4.85
Toncoin (TON) is a layer-1 blockchain that emerged back in 2018 from the creators of the secure messaging app Telegram. The project underwent a transformation after being handed over to the TON Foundation, leading to a name change from "Telegram Open Network" to "The Open Network."
Since 2020, the tech has seen progress thanks to a group of enthusiasts working without commercial interests, forming the TON Foundation. Toncoin, previously called Gram, serves as the native cryptocurrency on the TON network.
Originally, the plan was to integrate TON into a user-friendly app enabling fund transactions for users. Users pay fees and employ TON for transaction validation and payments. The Toncoin network relies on the proof-of-stake (PoS) consensus model to ensure scalability and dependability. As per the project's website, the platform offers swift, transparent, and secure payment services, making transactions cost-effective and eliminating the need for third-party apps.
✴️ Toncoin Next Target $3.97 (73% Growth Potential)Toncoin (TONUSDT) is aiming at ~$4 as its next target based on a simple continuation of the bullish wave that started after the 30th of July.
This bullish wave produced a minor stop in September followed by a stronger stop in October.
Currently, all the chart signals are saying that this pair is ready to produce additional growth.
This bullish bias I mention can be invalidated on a drop and close below EMA50 or $2. On the other hand, any trading above this level lends further strength to the bulls.
The longer Toncoin consolidates bullish above support, the faster it will grow when the continuation takes place.
I am leaning 1,000% bullish, the market will take care of the rest.
The $3.97 target is just the start, there is so much more growth potential long-term.
Namaste.