- Toncoin reversed from key support level 2.7515
- Likely to rise to resistance level 3.0000
Toncoin cryptocurrency recently reversed up from the key support level 2.7515 (which has been steadily reversing the price from the start of April).
The upward reversal from the support level 2.7515 stopped earlier impulse wave (c) – which belongs to the downward impulse wave B from May.
Given the strength of the support level 2.7515 and the bullish divergence on the daily Stochastic, Toncoin cryptocurrency can be expected to rise to the next round resistance level 3.0000 (former strong support from July and August).
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.