💎 TONUSDT
Thoughts on the market
Many questions about TON. What's next? When to sell? When to buy? Let's figure it out on the daily chart:
A week has passed since the last review . And as I wrote earlier, I am not surprised that during this period of time the price tag did not give the “so needed by everyone” fixation above the Fibonacci level in the $6.8-6.9 area, after which the bulls could really count on further longs.
Instead, the price does not even update local highs and gradually flows down to the lower border of the ascending channel.
I will mark two areas on the chart, from the borders or from the center of which you can speculatively check the price reaction (but don’t get carried away).
The sideways movement on TON may drag on when it goes beyond the channel boundaries, and we will continue to flounder between $5 and $6 until the next miracle.
And in order to continue the upward move, we need growth drivers, with which there are clearly problems at the moment.😔
What will TF come up with to fix the situation? And do they even need it? We'll find out soon...
Thoughts on the market
Many questions about TON. What's next? When to sell? When to buy? Let's figure it out on the daily chart:
A week has passed since the last review . And as I wrote earlier, I am not surprised that during this period of time the price tag did not give the “so needed by everyone” fixation above the Fibonacci level in the $6.8-6.9 area, after which the bulls could really count on further longs.
Instead, the price does not even update local highs and gradually flows down to the lower border of the ascending channel.
I will mark two areas on the chart, from the borders or from the center of which you can speculatively check the price reaction (but don’t get carried away).
The sideways movement on TON may drag on when it goes beyond the channel boundaries, and we will continue to flounder between $5 and $6 until the next miracle.
And in order to continue the upward move, we need growth drivers, with which there are clearly problems at the moment.😔
What will TF come up with to fix the situation? And do they even need it? We'll find out soon...