Shamii

07/17 02:32

TON Price Prediction TON has broken out of the mo

TON Price Prediction

TON has broken out of the moving averages and is approaching the downtrend line of the descending triangle pattern. 

The 20-day exponential moving average (EMA) ($2.94) has started turning up and the relative strength index (RSI) has jumped into the positive territory, suggesting that buyers have the upper hand. Sellers are expected to defend the downtrend line with all their might as a breakout of it will invalidate the bearish setup. This could push the TON/USDT pair to $3.69.

Conversely, if the price turns down sharply from the downtrend line, it will suggest that the bears are still selling on rallies. This could keep the pair inside the triangle pattern for a while. The sellers will have the upper hand if they sink the price below the $2.75 support. 

Both moving averages have started turning up and the RSI is in the positive territory, suggesting that bulls have the upper hand. Buyers will try to push the price to the downtrend line, which could prove to be a tough challenge.

 If the price turns down from the downtrend line but rebounds from the 20-day EMA, it will indicate bullish sentiment. This increases the possibility of a breakout of the downtrend line. The pair could rally to $3.40 and above it to $3.50.

Conversely, a break below the moving averages will suggest that the bulls are losing control. The pair could subsequently drop to $2.90. 



#Check In Daily, Win Prizes Daily — Join the Fun!#BTC price hits a new high of $120,000! #Do you think Tanssi is promising? #Do you think DELOREAN is promising?#Do you think ANIME is promising?

4Share