Toncoin Forecast by NEoWave(Update 1)

In the previous Toncoin analysis, I said that TON is in a long-term upward trend and is forming a triangle, but considering that the last wave moved more than we expected, the analysis needs to be updated.

Looking again at the chart, we conclude that the long-term trend of TON has not been violated and will continue, and we can consider two scenarios for the continuation of the trend:

In this scenario, it is assumed that wave (c) has ended and now wave (d) has started, that this wave can continue up to $7 and then decrease to the range of $5.5-$6 and to move towards $11.

In both scenarios, we expect the formation of a contracting triangle, and after the completion of the contracting triangle, we can expect price growth.

Good luck
NEoWaveChart

neowavechart.com/2024/09/14/toncoin-ton-forecast-with-neowave-update/