$TON
Hello guys, how are you all? This is your Captain writing.
I hope you all are safe from the ongoing conflict in the middle east. However, the crypto market is recovering from this conflict. Many alts are showing strength. However, TON isn’t in that list.
In my last post, I showed you that the XAI & Telegram partnership was just a sell the news event. TON got a hard rejection from my green box. Also, TON was travelling inside a rising channel and finally it has broken down the channel (check first screenshot). So, what's next?
Honestly, I'm very bearish on TON right now. Full target of this breakdown is $2.412 & if that really happens, then TON will be forced to trade below the Fibonacci last support which is really really a bearish case. So, TON must come back inside the channel as quickly as possible. Otherwise, my green box & green path will be in work (check second screenshot) which means bears will be in full control. Full target of this path will be $1.35
So, guys, trade TON safely.