๐บ๏ธToncoin(TON) Roadmap๐บ๏ธ
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๐ฅToday, I want to analyze the Toncoin(TON) project for you. I chose this project because the Notcoin(NOT) token is listed in several exchanges today.
๐กYou might ask, what does the NOT token have to do with the TON tokenโ๏ธโ
๐Please be with me
๐What is Notcoin(NOT)โ๏ธโ
๐ธAround 2018, Telegram developers decided to launch their own layer 1 Blockchain called "Telegram Open Network," or Toncoin (TON). After some time, the development and maintenance of this project were entrusted to the TON Foundation, and now a team affiliated with TON has unveiled its new and loud project called Notcoin (NOT).
๐ธNotcoin (NOT) is a "Play-To-Earn" or P2E cryptocurrency game where users can earn money by playing. Notcoin (NOT) has attracted the attention of a large number of users from the very first days of its introduction.
๐กToncoin(TON) started falling well from the Resistance lines.
๐According to the Elliott wave theory, Toncoin(TON) has completed the second corrective wave, which had a Zigzag(ABC) structure on the Resistance lines.
๐กAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
๐กAnother sign that Toncoin(TON) may continue to fall is that the "SELL signal" was issued by moving SMA(50) and EMA(50).
๐Before the result, let's take a look at the TONBTC chart.
๐It seems that TONBTC has managed to complete 5 impulse waves, and we have to wait for corrective waves now, which means that if Bitcoin starts a downward trend, the TON token will be more affected, and if Bitcoin goes up. If it has, the TON token will take a less upward trend or even become Range.๐
๐I expect Toncoin(TON) to continue to fall at least to the ๐ฏTargets๐ฏ I have outlined on the chart(๐จโ30%๐จ).
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
Toncoin(TON) Analyze (TONUSDT), Daily time frame โฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
๐กYou might ask, what does the NOT token have to do with the TON tokenโ๏ธโ
๐Please be with me
๐What is Notcoin(NOT)โ๏ธโ
๐ธAround 2018, Telegram developers decided to launch their own layer 1 Blockchain called "Telegram Open Network," or Toncoin (TON). After some time, the development and maintenance of this project were entrusted to the TON Foundation, and now a team affiliated with TON has unveiled its new and loud project called Notcoin (NOT).
๐ธNotcoin (NOT) is a "Play-To-Earn" or P2E cryptocurrency game where users can earn money by playing. Notcoin (NOT) has attracted the attention of a large number of users from the very first days of its introduction.
๐กToncoin(TON) started falling well from the Resistance lines.
๐According to the Elliott wave theory, Toncoin(TON) has completed the second corrective wave, which had a Zigzag(ABC) structure on the Resistance lines.
๐กAlso, we can see Regular Divergence(RD-) between two Consecutive Peaks.
๐กAnother sign that Toncoin(TON) may continue to fall is that the "SELL signal" was issued by moving SMA(50) and EMA(50).
๐Before the result, let's take a look at the TONBTC chart.
๐It seems that TONBTC has managed to complete 5 impulse waves, and we have to wait for corrective waves now, which means that if Bitcoin starts a downward trend, the TON token will be more affected, and if Bitcoin goes up. If it has, the TON token will take a less upward trend or even become Range.๐
๐I expect Toncoin(TON) to continue to fall at least to the ๐ฏTargets๐ฏ I have outlined on the chart(๐จโ30%๐จ).
โ๏ธโ ๏ธNoteโ ๏ธโ๏ธ: An important point you should always remember is capital management and lack of greed.
Toncoin(TON) Analyze (TONUSDT), Daily time frame โฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
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ืืขืจื
The Head and Shoulders pattern is well visible in the 4-hour time frame (another sign of TON decline).
ืืขืจื
As I expected, TON is moving, and support ahead could be 50_SMA(Daily) and 50_EMA(Daily).
ืืขืจื
TON reacted well to the Downtrend line; even if it breaks, the analysis is still valid.
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