Last time we looked at Toncoin (TONUSD) it gave us the most optimal long-term buy entry (August 17 2023, see chart below) as it bottomed on an Inverse Head and Shoulders pattern:
Today the coin reached the top (Higher Highs trend-line) of the long-term Channel Up and technically it is a sell opportunity. We are willing to take it, as long as the 1D candles...
Toncoin (TONUSD) broke last week above the April Lower Highs trend-line as well as the 1D MA50 (blue trend-line). That is a major bullish break-out and as yesterday the price got rejected near the July 22 High (Resistance), it is forming an Inverse Head and Shoulders (IH&S). Technically the target is the 2.0 Fibonacci extension (1.9165) but we will settle for a 1D...
Toncoin (TONUSDT) made a convincing bullish break-out yesterday above the Lower Highs trend-line that has been keeping the price action below since the April 21 dump. Today it is attempting a 1D candle closing above the 1D MA50 (blue trend-line).
After the break-out that turned the trend bullish at least on the short-term, the Resistance levels formed of the...
