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
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje nie stanowią i nie powinny być traktowane jako porady finansowe, inwestycyjne, tradingowe ani jakiekolwiek inne rekomendacje dostarczane lub zatwierdzone przez TradingView. Więcej informacji znajduje się w Warunkach użytkowania.