Price Action Analysis for Coin #TON
The $TON shows promising bullish movement on the 4-hour chart, currently trading at $1.891. The price is successfully regaining its balance and moving above the short-term moving averages, indicating an attempt to build a consolidation base for a breakout to higher levels. Based on the Fibonacci tool data, the upcoming price levels are defined as follows:
Pivot Point (PP): Located at $1.956, a breakout and sustained hold above this level serves as a confirmation signal to initiate a strong bullish wave and activate positive targets.
Targeted Resistance Levels: If the price manages to break above the pivot point, the successive bullish targets are set at TP1: $2.198, followed by the second target at TP2: $2.513, reaching up to the upper resistance defined at TP3: $2.907.
Protective Support Levels: The price is currently resting above the first support wall S1: $1.806, while the main support level and last line of defense is at S2: $1.697.
The most likely scenario is a continuation of the bullish crawl to test the pivot point at $1.956, provided that positive stability is maintained above support level S1.
#TON #Toncoin #Crypto #AIMONACCI
The $TON shows promising bullish movement on the 4-hour chart, currently trading at $1.891. The price is successfully regaining its balance and moving above the short-term moving averages, indicating an attempt to build a consolidation base for a breakout to higher levels. Based on the Fibonacci tool data, the upcoming price levels are defined as follows:
Pivot Point (PP): Located at $1.956, a breakout and sustained hold above this level serves as a confirmation signal to initiate a strong bullish wave and activate positive targets.
Targeted Resistance Levels: If the price manages to break above the pivot point, the successive bullish targets are set at TP1: $2.198, followed by the second target at TP2: $2.513, reaching up to the upper resistance defined at TP3: $2.907.
Protective Support Levels: The price is currently resting above the first support wall S1: $1.806, while the main support level and last line of defense is at S2: $1.697.
The most likely scenario is a continuation of the bullish crawl to test the pivot point at $1.956, provided that positive stability is maintained above support level S1.
#TON #Toncoin #Crypto #AIMONACCI
