Toncoin Price Forecast: TONUSD Fulfills Its Lower High Ambition

Toncoin Price Forecast: September 6

The Toncoin price forecast is for the market to descend to a higher low at $1.3680 from a lower high to continue its tapering movement.

Toncoin Long-Term Trend: Bullish (1-Day Chart)

Key Levels:
Zones of supply: $1.8100, $2.0040, $2.6220
Zones of Demand: $0.7420, $0.9940, $1.3680

Since its inception, the Toncoin market has been orchestrating its market to move in a determined direction. Therefore, it has been tapering through a triangle structure, making lower highs and higher lows continually. Also, every attempt to interrupt the pattern has been straightened along the line. Now that the coin has completed another ambition of reaching a lower high of around $2.0040, it will get a higher low of $1.3680.

Toncoin Price Forecast: TON Outlook

TONUSD continues to execute its strategy of achieving lower highs within the Toncoin market.

Since its inception, Toncoin has adhered to a well-defined trajectory, forming a continuous pattern of lower highs and higher lows within a triangular structure.

Any attempts to disrupt this pattern have been swiftly corrected. Currently, the coin has successfully reached its lower-high target at approximately $2.0040, with an anticipated move toward establishing a higher low at $1.3680.

Toncoin Medium-Term Trend: Bullish (4-hour chart)

Examining the daily chart, the Moving Average (MA) Cross has exhibited an upward crossover and remains on an upward trajectory. The price touched the lower high level at $2.0040 while the Relative Strength Index (RSI) on the daily chart steadily approached the overbought region.

Transitioning to the 4-hour chart, the outlook turns bearish as the price descends to the anticipated higher low of $1.3680. The MA Cross lines have already indicated a bearish trend by crossing downward, and the RSI line has experienced a significant decline, approaching the oversold boundary.

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.