TONUSDT Buy the pull-back aim for $2.900.

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For this particular analysis on The Open Network we are using the TONUSDT symbol on the OKX exchange.
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The idea is on the 1D time-frame where TON has been following the exact projection we made on our previous analysis on October 21:


As you see the price did break above the 1D MA50 (blue trend-line) and instantly made a strong rise. The 1D RSI is on a strong rise, and similar past sequence have ended on in Higher Highs within the Bullish Megaphone pattern that TONUSDT has been trading in since the June 19 Low.

Even the MACD has been printing a similar formation. We expect this to kick-start a similar rebound to a new Higher High, in which case it can be massive. The previous one topped just above the 2.0 Fibonacci extension level. If the pattern continues, the next Fib (3.0) is at 2.900 or at least the 2.0 Fib from the recent November 10 low which is at $2.690.


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