✴️ Toncoin Grows 699%, Bearish Wave Follows (New ATH 2025)

➖ Toncoin (TONUSDT) is now entering what is likely to be a very strong correction/bearish wave.

This is clear based on a descending triangle as a top pattern, as well as the highest bearish volume ever on the 19-April 2024 session. These two signals are more than enough but we also have a weak RSI.

➖ Toncoin hit bottom June 2023 and grew all the way through 11-April 2024; 306 days.
👉 Total growth amounts to 699%.

This is really good and normally a correction follows such strong bullish action.

A correction should lead to a long-term higher low which in turn will lead to a new bullish wave/cycle, and this cycle will end in 2025 with a massive bull-run and new All-Time High.

Namaste.

Comment:

A major move incoming.

Here is the TONUSDT daily chart:

➖ Notice the last seven days, all red.
➖ See how the trading volume is going down, down and support is found at Fib. and EMA50.
This is kind of like a bearish accumulation.

This move can reverse, like something unexpected and this scenario is the least likely at this point.

👉 This type of move tends to end in a major thrust. Since the bias is bearish based on recent action, the next move can be down and this down can be super fast and strong. If this repeats across the entire market we might be looking at the final flush. Hundreds and hundreds of billions will exchange hands... Regardless if the market moves down or up.

Bitcoin is pointing down.
Toncoin is also pointing down... But it will recover after the correction is over and we will experience and enjoy massive growth in 2025 and late 2024.

Namaste.