If you know TON already then there is no need to explain, but if you don't consider that it is backed by telegram with 800 million users, it is in the top 15 of the coinmarketcap and still not listed on Binance yet!
Despite being a really attractive asset to invest or get some bag for DCA here, it can be considered a long signal as the end of wave A.
Entry, SL and TPs on the chart.
Despite being a really attractive asset to invest or get some bag for DCA here, it can be considered a long signal as the end of wave A.
Entry, SL and TPs on the chart.
Dagangan aktif
TON passed our entry point and trade is activated.Nota
First Target reachedDagangan ditutup secara manual
Seems like the B wave was ended around 50% of the fibo and did not get to the second target. We may be headed to the wave C as the last correction. It may be a great opportunity to buy a bag for invest.
Nota
There seems to be another good entry with at least 1:2 RR here. This maybe the start of Wave 3. If the support at 2$ is compromised, then we may be still at the Wave C waiting for the correction to END!
ENTRY: 2.1
SL: 2
TP1: 2.3
TP2: 2.6
Dagangan aktif
ENTRY point reached; trade reactivated.Nota
Wave 3 it is!
You can trail the stop loss to the end of wave 1 around 2.3$.
Nota
It may be the end of extended wave 3. We can close the long or trail the stop loss around here and wait for one last leg after the wave 4 correction.
Nota
Waiting for a buy signal to enter wave 5.
The wave 4 correction seem to be cooled off around the level of previous wave 4 @ 2.38$ with multiple shadows and lower volume. Also, the slope of lower high peaks related to each other are showing less sell pressure.
Monday may light up the way.
Nota
We can consider 2 scenarios here. First is the bullish scenario by green and cyan wave counting which assumes the correction of wave 4 is finished and wave 5 has started. Second is the bearish scenario by red wave counting which assumes the wave 4 is not finished and we might be in the B wave and another C wave is needed for it to be done.
As long as 2.33$ support is not compromised we can consider this bullish scenario and the last wave as minor wave 2 and expect one last correction for it to finish the wave and then start wave 3 of the bigger wave 5.
The problem with the bullish scenario is that does not seem to have a proper time length for wave 3 till wave 5 and it tends to be longer than this. Often it takes half of the time of wave 1 - 3 for wave 3 - 5 meaning wave 1-3 takes almost 2/3 of the whole 5 wave time length.
Nota
Price went lower compared to the last analysis and gave us more information to adapt with.Here is another trade opportunity with targets on the chart:
Entry : 2.4
SL : 2.3
TP 1 : 2.5
TP 2 : 2.55
TP 3 : 2.6 (End of wave B or 3)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.