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R.Linda Trading - forecast

TON → Ready to ↑ to 7.0. The coin is stronger than the market

2024-05-09 08:45 CRYPTO forecast

💡 Ideas For TONUSDT ✅

📈 TON → Ready to ↑ to 7.0. The coin is stronger than the market

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TON shows quite positive dynamics both from the fundamental side and from the technical side. An attempt to end the correction with the purpose of further growth continuation is being formed.

snapshot

A rather interesting setup is forming on D1 indicating the formation of a strong market bottom in the area of 4.8 - 4.6. After the retest of the key liquidity zone, the price forms a false breakdown of MA-200 and the transition to the bullish zone. At the moment, a pre-breakout setup is being formed against the resistance at 5.985 (6.0). On H4 this is the resistance of the correctional movement. Breakout and consolidation above this area will form a bullish potential, the target of which will be the growth to 7.2, 7.6.

Resistance levels: 6.0, 6.2, 7.2

Support levels: 5.923, 5.9

I expect the bulls to continue fighting for their positions. The pre-breakout formation may soon move to the realization phase with the purpose of growth to the mentioned zones.

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