TON → there is no risk for toincoin so far

hello guys.

Let's analyze TONUSDT

Top Line Resistance: The chart identifies a rising resistance level (top line) that the price has tested multiple times but failed to break above convincingly. A breakout above this line could signal a bullish move.
Neckline Support: There is a crucial support level (neckline) that has held up the price so far. The analyst suggests that if the price breaks below this neckline, it could trigger a bearish move.

Bearish Scenario:
If the price breaks below the neckline, the target for the downside is around the $3.10 level.
This level is marked as the "target of breaking down" and could act as strong support if the price reaches it.
Bullish Scenario:
If the price manages to hold the neckline and breaks above the top line, the chart suggests a potential upward move toward higher levels.

Current Price Action: The price is currently around $5.62, showing a potential retest of the neckline. Traders should watch for a decisive move either below the neckline or above the top line to determine the next major trend direction.

This analysis outlines the importance of the neckline as a critical level. The outcome of whether the price breaks below this level or holds above it will likely dictate the future trend direction.

___________________________

✓✓✓ Always do your research.

❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.

❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Beyond Technical AnalysisChart Patternshead_and_shouldernecklinesupportandresitanceTONtoncoinTONUSDtonusdtTrend Analysis

👉my recommended broker:

bit.ly/HYCM-M
__________

👉my recommended exchange:

bit.ly/LbankMelika
__________

My telegram channel:
t.me/melikatrader94
更多:

相关出版物

免责声明