Toncoin Price Forecast: TONCOIN Nears $1.9800 After Triangle Upper Border Breakthrough

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more

Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Toncoin Price Forecast: October 4

The Toncoin price forecast is for the market to use the confluence at $1.9800 as a springboard to push toward $2.6220.

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

Key Levels:
Zones of supply: $3.2710, $2.6220
Zones of Demand: $1.9800, $1.3680

Toncoin Price Forecast: TONCOIN Nears $1.9800 After Triangle Upper Border Breakthrough

The TON/USD market is generally in an uptrend despite the current retracement. The bulls have broken rank thus far and broken to the upside of the triangle structure. However, the coin was not able to surmount the $2.6220 resistance. This has resulted in a retracement back into the triangle. There is, however, another rallying opportunity at the $1.9800 key level. It remains to be seen if the coin will rebound off it or drop back below it.

Toncoin Price Forecast: TON Outlook

TONCOIN has navigated around the upper border of its triangle pattern, edging to the $1.9800 mark. Despite a recent retracement, the overall trend in the TONCOIN market remains upward.

Bulls have exhibited resilience by breaking free from the confines of the triangle structure. However, the coin faced an obstacle at the $2.6220 resistance level, prompting a retracement within the triangle’s boundaries.

Yet, there’s another potential rallying opportunity at the pivotal $1.9800 level, the outcome of which remains uncertain. The 40-period Moving Average (MA) has established a consolidation phase in conjunction with the $1.9800 key level for a support platform.

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

On the daily timeframe, the Relative Strength Index (RSI) line exhibits oscillations predominantly within the bullish half of its chart, indicating an advantageous position for the bulls.

Toncoin Price Forecast: TONCOIN Nears $1.9800 After Triangle Upper Border Breakthrough

However, the 4-hour chart presents a slightly different scenario, with the price trading below the 40-period MA as it reaches the significant $1.9800 level. The RSI line in this timeframe has dipped into the bearish half. Ultimately, the dynamics at the $1.9800 level will play a decisive role in determining the price’s future direction.

How To Buy Lucky Block

NoteLearn2.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.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *