TONCOIN is already confidently higher than 7$ and in the TOP 9 in terms of cryptocurrency capitalization (above ADA). Making it clear that our speculation, closed on March 27 at 4.958$ v + 123%, is not the strongest result 😁
In this situation in a bull market, an investment portfolio saves you. When an interesting asset is already available for investment at a good price, this removes a significant part of FOMO during a false start exit.
Our expectations are still counter-trend. While everyone expects further significant growth, we are waiting for a correction or range from the end of this week. After this week's high, the price is unlikely to go higher without testing the uptrend since March 5th. Currently it is at $5,442.
The reason, besides the obvious overbought, is the “Expensive” signal from the local trends indicator on the weekly timeframe. On senior TFs practicing with frightening accuracy.
Aces up its sleeve to break this signal - the asset now has:
- quick listing of memcoin NOTCOIN,
- chance (not guarantee) of listing on Binance,
- Pavel Durov’s speech with#TetherCEO Paolo Ardoino at the TOKEN2049 conference in Dubai on April 19.
Add to this that the TOP 10 TONCOIN wallets account for 60% of the total emission. And the TOP 100 wallets generally hold 93% of the total volume. And the result is an asset that can surprise by breaking the signal of an accurate indicator on the weekly time frame.
We further worked out the chart for new volume levels in the range from 5$ to $7. The Fibonacci level of 1.618 has almost reached its limit; it is worth focusing on volume levels, trend levels and EMA.