Analysis of the asset TON/USDT (1D timeframe):


๐Ÿ“‰ Technical picture: TON/USDT is forming a descending triangle, narrowing towards the apex โ€” a typical accumulation pattern before an impulsive move.
๐Ÿ”น Resistance: the descending trend line from above has been holding the price since March.๐Ÿ”น Support: the horizontal zone around $2.65 acts as a key level.
๐Ÿ“Š Indicators:
Parabolic SAR - is below the price, indicating an attempt to change the trend upward.
MA 7, 25, 99 โ€” the price is trading between the short-term and long-term moving averages, signaling consolidation.
Ichimoku Cloud โ€” price is under the cloud, which is currently acting as a resistance zone ($2.95โ€“3.15).
๐Ÿ“ˆ Bullish scenario: Consolidation above $2.95 and a breakout of the trendline will open the way to $3.15 and higher. Confirmation will be a breakout of the Ichimoku cloud.
๐Ÿ“‰ Bearish scenario: A breakout below the $2.65 zone will increase pressure with potential drops to $2.30โ€“2.10.
๐Ÿ“Œ Conclusion: TON/USDT is on the verge of breaking out of a multi-month triangle. Control over $2.95โ€“3.00 is crucial for the bulls. It is recommended to monitor the volumes and the reaction at the boundaries of the figure.
TON4.52%
MOVE-3.88%
MA-2.94%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • ็ฎ€ไฝ“ไธญๆ–‡
  • English
  • Tiแบฟng Viแป‡t
  • ็น้ซ”ไธญๆ–‡
  • Espaรฑol
  • ะ ัƒััะบะธะน
  • Franรงais (Afrique)
  • Portuguรชs (Portugal)
  • Bahasa Indonesia
  • ๆ—ฅๆœฌ่ชž
  • ุจุงู„ุนุฑุจูŠุฉ
  • ะฃะบั€ะฐั—ะฝััŒะบะฐ
  • Portuguรชs (Brasil)