- Toncoin reversed from resistance area
- Likely to fall to round support level 2.0000
Toncoin cryptocurrency recently reversed down from the resistance area between the resistance level 2.4000 (which reversed the price at the start of October) and the lower trendline of the recently broken down channel from August.
The downward reversal from this resistance area stopped wave (b) of the previous short-term ABC correction 2.
Given the clear daily downtrend, Toncoin cryptocurrency can be expected to fall to the next round support level 2.0000 (low of the earlier wave a).
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By the FxPro Analyst Team
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