It has been almost 5 months (September 12, see chart below) since the last time we analyzed Toncoin (TONUSD) and made our bearish call:
As you can see, it successfully hit our 3.50 Target and the 0.618 Fibonacci level. With that being a direct contact with the bottom (Higher Lows trend-line) of the 1-year Channel Up, while the 1D RSI got oversold (<30.00), we expect the new Bullish Leg to start.
All previous oversold RSI hits (with the exception of Aug 05 2024) have been bottoms and with +300% being a standard rise within this pattern, we expect to see $12.000 as the next High.
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As you can see, it successfully hit our 3.50 Target and the 0.618 Fibonacci level. With that being a direct contact with the bottom (Higher Lows trend-line) of the 1-year Channel Up, while the 1D RSI got oversold (<30.00), we expect the new Bullish Leg to start.
All previous oversold RSI hits (with the exception of Aug 05 2024) have been bottoms and with +300% being a standard rise within this pattern, we expect to see $12.000 as the next High.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.