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In this analysis I want to review the TON coin for you. One of the popular crypto coins that with a market cap of 8.09 billion dollars is ranked 22 on CoinMarketCap.
⏳ 4-Hour Timeframe
In the 4-hour timeframe this coin has formed a descending wedge and has reached the support of 3.058.
📊 Currently the price has reached the top of the wedge and if 3.170 is broken its upward movement can begin.
🧩 Considering that the price has reached the end of this wedge the reduction in volume is logical and with the breakout of the wedge whether from above or below a lot of volume will enter the market.
📈 If the wedge is broken from above and the 3.17 trigger is activated I will try to open a long position. Breaking this level can start a new upward leg in higher cycles.
🔔 In case of rejection from the top of the wedge and moving towards the 3.058 support if this level breaks the price can start a downward leg and even break the wedge from below.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
In this analysis I want to review the TON coin for you. One of the popular crypto coins that with a market cap of 8.09 billion dollars is ranked 22 on CoinMarketCap.
⏳ 4-Hour Timeframe
In the 4-hour timeframe this coin has formed a descending wedge and has reached the support of 3.058.
📊 Currently the price has reached the top of the wedge and if 3.170 is broken its upward movement can begin.
🧩 Considering that the price has reached the end of this wedge the reduction in volume is logical and with the breakout of the wedge whether from above or below a lot of volume will enter the market.
📈 If the wedge is broken from above and the 3.17 trigger is activated I will try to open a long position. Breaking this level can start a new upward leg in higher cycles.
🔔 In case of rejection from the top of the wedge and moving towards the 3.058 support if this level breaks the price can start a downward leg and even break the wedge from below.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Don’t Miss Out!
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.