💵 TONUSDT
Thoughts on the market
TON is moving beautifully through the levels again. It is good that the correlation with BTC has returned, and there is also a sense of strength in relation to the rest of the altmarket.
Since the last review, global limits for selection were left relevant, but a little was bought out manually at $4.6-4.5 and shorts were covered there. The levels were read with precision💪
We also did not see the discussed consolidation under $4.6 neither on the daily chart, nor on 12H and even on 4H - only a test and a slight removal of the shoulders. Seasoned with local positivity from TF boosts and on a good rebound from the level, we again returned to the ascending channel.
Meanwhile, the daily number of transactions on the TON blockchain has exceeded 11.6 million💪
Trading is still possible in the range of $5-6, but a quick breakout could immediately take the price to $6.5.
Light forecast:
Are you expecting a $7 refund? Or are we going to go to the bottom?!
Thoughts on the market
TON is moving beautifully through the levels again. It is good that the correlation with BTC has returned, and there is also a sense of strength in relation to the rest of the altmarket.
Since the last review, global limits for selection were left relevant, but a little was bought out manually at $4.6-4.5 and shorts were covered there. The levels were read with precision💪
We also did not see the discussed consolidation under $4.6 neither on the daily chart, nor on 12H and even on 4H - only a test and a slight removal of the shoulders. Seasoned with local positivity from TF boosts and on a good rebound from the level, we again returned to the ascending channel.
Meanwhile, the daily number of transactions on the TON blockchain has exceeded 11.6 million💪
Trading is still possible in the range of $5-6, but a quick breakout could immediately take the price to $6.5.
Light forecast:
An easily achievable goal now is to update equal highs just in the $6 area, after which a test of the lower boundary of the channel, light trading and further growth before the opening of the new TOL season (usually this was closer to the second week of the season = pattern).
Are you expecting a $7 refund? Or are we going to go to the bottom?!