In-Depth Analysis of TON Coin: The Impact of Pavel Durov🌟 Unfortunately, the previous two analyses of DOGE and TON were removed from the channel due to some issues. I will repost them for you, but please make sure to support us as this is not good for the channel. Also, I will be starting a new program for you today.
💹 Let's analyze and review this popular cryptocurrency and my favorite coin. We will also check previous and new entry points and anticipate different scenarios!
📈 Weekly Timeframe Analysis :
As you know, we have been following TON since March 16, before its price surge, and up to today. We will continue our analysis and move forward together. In the weekly timeframe, we haven't formed any particular pattern yet. After breaking the box and the main resistance at 2.749, with a strong buyer candle confirmation and the RSI entering the overbought zone, we made our purchase. So far, we are up about 120%.
📅 Daily Timeframe Analysis :
On the daily timeframe, after hitting the unknown zone at 7.283 and getting rejected, we considered this area our resistance, which we encountered again later. During the first encounter and the subsequent correction, the volume decreased. After bouncing from the support zone at 4.826, we moved towards the resistance again with increased volume and are currently ranging.
💰 Profit-taking and Exiting :
Regarding profit-taking or exiting this coin, I personally won't touch my coins until after the bull run and aim to increase their number. However, you can choose a different approach, such as withdrawing your initial investment and only staying in with your profits. For example, if you invested $1,000 at my entry point, you now have $2,200 and can withdraw your initial investment. Alternatively, you could sell the coin if it breaks the 4.826 support. For me, even if it returns to the entry point, it doesn't matter much.
🔄 Increasing Your TON Holdings :
To increase your TON holdings, you can explore the TON blockchain and DeFi space, creating liquidity pools and earning fees from transactions. This way, you can increase your TON holdings. I also open futures positions on this coin and aim to buy more TON with the profits for holding.
💸 Buying Opportunities :
For buying this coin again, we bounced from the 4.826 support, which is around the 0.382 Fibonacci level. After breaking the top and confirming or getting a confirmation candle above 7.283, we can have another profitable entry point and buy this coin. If the coin moves downwards, we will wait for an upward trend change and enter after confirmation. The saying "crypto market is on sale" is meaningless. I will update the analysis if this happens.
📏 Fibonacci Extension Targets :
If we bounce from the 0.382 level, we can use a Fibonacci extension to draw potential targets after breaking the 7.283 top, which gives us the levels of 9.741, 11.382, and 14.384.
🤔 Why Hold More TON :
Now, why am I trying to hold more TON and not selling even though I'm in a good profit? Here are the reasons:
🏆 Notcoin has recently launched on Telegram. Aside from earning by clicking, this coin has managed to introduce 30 million users to wallets and coin transactions, bringing new users and new capital into the cryptocurrency market and the TON blockchain. This means money entering the crypto market!
⏳ New click-based coins gained the courage to rise and advertise because Notcoin was listed and achieved a good ranking on CoinMarketCap. Nowadays, many are involved in these spaces, with click-based bots like Hamster, TapSwap, and CEX, which are referral-based. All these activities require TON for fee payments, which significantly increases the demand for TON.
💡 Those with the most referrals earn more. Personally, I don't spend time clicking even if it pays well because it adds nothing to me and doesn't teach me anything—just my personal opinion.
💼 Pavel Durov, a symbol of decentralization promoting freedom, with a net worth of around 15.5 billion USD, doesn't own property or a car. I recommend watching his interview with TCN after several years—it's fascinating.
🔑 Strengths of TONCOIN :
TONCOIN’s daily active users exceed 900 million on Telegram. With Telegram's support, TON can become the first super encrypted application. You can also make in-app payments, such as purchasing virtual numbers, Telegram Premium, and even channel ads, easily with TON.
🌉 Bridging to TON Chain :
To bridge to this chain, you can use the official Ton Bridge website and transfer coins from other networks to this one. For purchases, you can use both centralized and decentralized exchanges. I recommend using decentralized exchanges to benefit us directly.
🔮 Future Supports and Resistances :
Future supports: 4.826, 3.502, 2.749
Future resistances: 7.283, 9.471, 11.382
😊 If you'd like me to analyze a specific coin or currency pair, be sure to comment so that I can allocate the next analysis for you!
⚠️ Also, please remember that I'm just an analyst, and this isn't financial advice. We're here to stay in the market and maximize profits by adhering to risk and capital management principles.
