- Toncoin reversed from support zone
- Likely to rise to resistance level 3.000
Toncoin cryptocurrency recently reversed up with the daily Hammer from the support area between the multi-month support level 2.6000 (former multi-month low from June) and the lower daily Bollinger Band.
The support level 2.600 was strengthened by the intersecting lower support trendline of the downward sloping channel from August.
Given the strength of the support level 2.6000, Toncoin cryptocurrency can be expected to rise to the next round resistance level 3.000 (former support from July).
- Likely to rise to resistance level 3.000
Toncoin cryptocurrency recently reversed up with the daily Hammer from the support area between the multi-month support level 2.6000 (former multi-month low from June) and the lower daily Bollinger Band.
The support level 2.600 was strengthened by the intersecting lower support trendline of the downward sloping channel from August.
Given the strength of the support level 2.6000, Toncoin cryptocurrency can be expected to rise to the next round resistance level 3.000 (former support from July).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.