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Toncoin Price Forecast: September 13
The Toncoin price forecast is for a potential disruption of the market structure due to the continuous strengthening of the buyers.
Toncoin Long-Term Trend: Bullish (1-Day Chart)
Key Levels:
Zones of supply: $1.8100, $1.9800, $2.6220
Zones of Demand: $0.7420, $0.9940, $1.3680
The TONCOIN market has been following a tapering movement to power a movement either upward or downward. At some point, the buyers began to build more momentum, such that the price barely hit the higher low before surging towards the lower high. Another cycle has started, expected only for the bulls to circumvent and push the price back up. If this goes through, the market may break structure and push in an upward direction earlier than anticipated.
Toncoin Price Forecast: TON Outlook
The TONCOIN market has been tracing a consolidating pattern with the intent to gather momentum for either an upward or downward trajectory.
At one juncture, buyers began amassing momentum, allowing the price to ascend towards a lower high at $1.9800 after a brief touch on the higher low at $0.9940.
A new cycle is supposed to be initiated, but bullish forces are maneuvering to propel the price further upward. Should this materialize, it has the potential to disrupt the prevailing market structure and expedite an upward trajectory earlier than originally anticipated.
Toncoin Medium-Term Trend: Bullish (4-hour Chart)
The Moving Average (MA) Cross might shift in an upward direction should the price continue its upward trend, indicating a growing dominance of the bulls. Simultaneously, the Momentum indicator is experiencing a resurgence following an initial dip.
Likewise, in the 4-hour timeframe, the Momentum indicator has surged significantly upward. The MA Cross has completed a bullish crossover, heralding the market’s second upward surge. The transformation of the market structure into a bullish one hinges on its ability to breach the $1.9800 resistance level.
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.
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