Lingrid | TONUSDT Possible REVERSAL Pattern at SUPPORT Zone

21 lut

TONUSDT market continues to consolidate, reflecting the overall crypto market's current phase of consolidation. Last week's candle was a doji with a small range. The price dipped below the previous week's low and is currently trading around that level. Given that the price is forming a potential inverse head and shoulders pattern, it seems the market may be preparing for a reversal from this support zone. On the daily timeframe, we have observed an inside bar pattern. If the market breaks above the previous day's high, there is a strong chance that the price will reach the resistance zone. I expect a price increase, especially since it has bounced off the key support level at 3.50. My goal is resistance zone around 3.70

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

23 lut

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