TON may crash deeplyHello trading view community, Should you like this analysis please support with like and comment your idea below this analysis please.
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TON in daily time frame has surge three times starting with 27°, 47° and last one 77° and reached to $2.59 though it seems that TON has already started a new trend which has already been confirmed, it may carsh up to $1.52 approximately down to its own recent base.
This is a personal idea and I am not a financial advisor
TONUSDT_EQAXYO trade ideas
TON 🔴3.81% or 🔴6.74% SHORT (3 Days correction)TON will go down by 3.81%. We need to take liquidity on 2.3334. Potentially we will go down to 2.2600 so it could give us 6.74% Short Movement.
Why it's 3 days, you can ask. My answer is that the swing is much faster than correction. Around 1.5 from the swing. So if swing took us 12bars, the correction could be 16-24 bars
TONUSDT Elliott Waves Analysis (LONGTERM)Hello friends.
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Everything on the chart.
Entry: market and lower
Targets: 2 - 3 - 3.5
after first target reached move ur stop to breakeven
Stop: ~0.8 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 5
risk is justified
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TONCOIN - A New Beginning For A Marvelous RiseJust like XRP, I am one of the witness who is following its rise from day one. In contrast Ripple, The TONCOIN's fall is from its developer. They are putting tremendous effort to make it perfect. However, they also trying to keep its price on track. They not only rewarding its followers and investors, but also protecting them. For me, each fall is an opportunity for buying.
the chart and indicators look good for me. I am on the The open Network side and am becoming happy with each post on their Telegram accounts.
TON. We tend to see what we want to seeI believe in the long term future of TON blockchain. It has a developing ecosystem, Nice UI and foremost - its HUGE USERBASE (Telegram).
Do you remember, how Reddit's NFT marketplace overcame OpenSea within few months after its launch? The secret was its userbase. MAU of Telegram is twice as big as Reddit. Imagine what will it bring to the table. Imagine Ethereum had 800m users at the start of its crypto invasion.
It is just a matter of time, when they will launch a full scale advertisement to drive the mass adoption of their wallet and the use of the blockchain by average user. And I do believe they will start this campaign right before the actual Bull cycle start. At the moment when everyone will become interested in crypto again, somewhere around the BTC halving period.
Meanwhile, back to the chart: we've formed the very similar ascending triangle structure within the ascending channel, as it was earlier, but smaller. Not sure if we will go through the roof right now, i'm thinking we'll go down to the triangle support for the last time in September and up to the highs of the channel from there.
We tend to see what we want to see, don't we? Let's check how it will play out this time!
TON Toncoin Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook:
FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices.
Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure.
Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks.
Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment.
Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market.
Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply.
Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market.
Considering the above, my Price Target for TON Toncoin is $1.44.
Looking forward to read your opinion about it.
TELEGRAM TONUSDT: Looks Another Dump Is Here?This is my analysis on KUCOIN:TONUSDT , it has been on my watchlist for a while.
Price was rejected at the previous resistance.
It got bullish exhaustion candles.
The R:R is not that great, but it looks like a trade I can't afford to miss:)
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TON Level of the Market makerThe purchase was at the level of 1.1545 in the purchase zone of 1.3168-1.0121
Now the price is in a conditional triangle at the level of the market maker 1.9107
The price of the trading volume is 1.4008
The price of the total volume was 2.2786
Events:
Exit from the triangle with anchoring
Volume Price level test
Entrance to the control zone 2.43-3.10
Level 3.95
Control zone 4.92-7.80
Just in case, exit down with a pin
Level 0.77
Buy zone, averaging 0.61-0.37
Bucket 0.498
TON. All eyes on me.Given the market state, the lack of TON correlation with the entire market looks rather curious. TON goes in the opposite direction, growing by 47% from the local minimum. Don't forget, behind the ecosystem is the world's largest messenger with almost 1 billion users on board. Small by the standards of the leading TVL blockchains, it allows you to see TON chain slightly from a different vector... The growth potential opens up huge. My previous ideas were negative in relation to TON and its ecosystem. Now, I admit my mistake. I underestimated this thing.
Probably, the price will move in the 1.76 - 1.53 range if it does not go higher and does not touch the lower border of the ascending channel. But, this may be prevented by overbought on RSI. Although, assets can be overbought for months and this is not a 100% metric.
Navigating Resistance and Potential GrowthTON has maintained a consistent trading range over the past month. On smaller timeframes, there was a level where the price encountered resistance, and this barrier remained unbroken. This resistance led to a price floor around $1.10. During this period, there was an uptick in demand, resulting in a noteworthy 40% price increase. The price movement has been confined within this range, causing negative responses when approaching the resistance. At the $1.50 price point, individuals who had bought in at lower prices chose to secure their gains, causing a temporary halt in the price increase.
Currently, buyers are striving to push the price of TON above the $1.50 mark. If they succeed and the price manages to stabilize within this range, there's potential for a further increase towards the $2 resistance level.
TON I expect a bounce to $1.44.Hey, everybody!
TON is currently at a strong support level, I expect the price to rebound as soon as the market situation stabilises. Expected target 0.236 Fibo ($1.44)
If the asset is sold down, we can expect a fall to 1.618 Fibo ($0.965).
This is not a financial recommendation, everything you do is at your own risk.