TON's First Bullish Flip Since July: Is It Ready For a Breakout?

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Yello, Paradisers! Is #TONUSDT gearing up for a major breakout, or will it hit a wall at the current resistance levels? Let's dive into the details to find out what's next.

💎First time since early July, #TON has flipped its 4-hour price structure back into a bullish bias. However, the price now faces immediate resistance between the 6.37 and 6.50 levels. If Bitcoin maintains its strength, there's a good chance TON could break through this resistance.

💎This immediate resistance is marked by both horizontal and descending resistance. Successfully breaking above 6.50 would set the stage for an initial push toward the 6.85 level, followed by a strong resistance zone between 7.20 and 7.40.

💎On the downside, the 6.05 level now serves as good support. If TON can hold this level, it stands a better chance of pushing higher. Conversely, losing this support could see the price slide back to the 5.72 to 5.40 range before making another attempt to move higher.

Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.

MyCryptoParadise
iFeel the success🌴

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Zlecenie aktywne

#TON broke a number of key levels which allowed the price to have a 10% spike higher. However, bulls meet the roadblock at the 6.85$ resistance level. This level has pushed very strong profit-takings, which eventually brought the price down back at the minor support of 6.05$.

Both the levels have reacted nicely and TON can now be expected to see some increased volatility.

Moreover, another thing to monitor here is the evening star formation on the daily time-frame. This is a bearish candlestick pattern and requires caution over the coming hours.

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Uwaga

#TONUSDT has shown a very strong reaction from the support level of $6.05.

Price now pushing back into the resistance level of $6.85. This level needs to be breached for TON to aim for the strong resistances of 7.20 to 7.40 levels.

Additionally a potential cup and handle formation is now appearing which remains another bullish development for the price.

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Transakcja zamknięta: osiągnięto wyznaczony cel

Another win! #TON up 19.80%, as forecasted!