Toncoin has been moving within a consolidation pattern for 46 days. Just yesterday this pattern was broken opening up the potential for a new trend. It is the same price dynamic seen on the left side of the chart but in reverse, the mirror image.
The entire down-move should be corrected to the upside.
After not being able to go any lower, TONUSDT went sideways followed by a bullish breakout when the upper-resistance of the pattern, a descending trendline, was broken.
The same trendline resistance matched MA200 producing multiple rejections on the way up. Mid-February, early and mid-March. It all changes now.
It is interesting to see how the trendline and MA200 have a perfect match. This makes this a more significant resistance level and now that it broke a more significant bullish breakout and confirmation.
Since it took more than a month for this level to break, we know there is really high probability for a new bullish wave. The continuation of the current bullish breakout.
» TONUSDT can easily move to hit $2 in the short-term.
This chart setup can be approached with leverage.
Thank you for reading.
Namaste.
The entire down-move should be corrected to the upside.
After not being able to go any lower, TONUSDT went sideways followed by a bullish breakout when the upper-resistance of the pattern, a descending trendline, was broken.
The same trendline resistance matched MA200 producing multiple rejections on the way up. Mid-February, early and mid-March. It all changes now.
It is interesting to see how the trendline and MA200 have a perfect match. This makes this a more significant resistance level and now that it broke a more significant bullish breakout and confirmation.
Since it took more than a month for this level to break, we know there is really high probability for a new bullish wave. The continuation of the current bullish breakout.
» TONUSDT can easily move to hit $2 in the short-term.
This chart setup can be approached with leverage.
Thank you for reading.
Namaste.
Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
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Trading Cryptocurrencies can be the hardest undertaking ever without the right trade-numbers, without accurate private-access information. Free is free, but the best always requires sweat, an investment. Since 2017 👇
t.me/masteranandatrades/8778
t.me/masteranandatrades/8778
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.