🗺️Toncoin(TON) Roadmap🗺️

🔥Today, I want to analyze the Toncoin(TON) project for you. I chose this project because the Notcoin(NOT) token is listed in several exchanges today.

💡You might ask, what does the NOT token have to do with the TON token❗️❓

🙏Please be with me

📚What is Notcoin(NOT)❗️❓

🔸Around 2018, Telegram developers decided to launch their own layer 1 Blockchain called "Telegram Open Network," or Toncoin (TON). After some time, the development and maintenance of this project were entrusted to the TON Foundation, and now a team affiliated with TON has unveiled its new and loud project called Notcoin (NOT).

🔸Notcoin (NOT) is a "Play-To-Earn" or P2E cryptocurrency game where users can earn money by playing. Notcoin (NOT) has attracted the attention of a large number of users from the very first days of its introduction.

💡Toncoin(TON) started falling well from the Resistance lines.

🌊According to the Elliott wave theory, Toncoin(TON) has completed the second corrective wave, which had a Zigzag(ABC) structure on the Resistance lines.

💡Also, we can see Regular Divergence(RD-) between two Consecutive Peaks.

💡Another sign that Toncoin(TON) may continue to fall is that the "SELL signal" was issued by moving SMA(50) and EMA(50).

📈Before the result, let's take a look at the TONBTC chart.

📈It seems that TONBTC has managed to complete 5 impulse waves, and we have to wait for corrective waves now, which means that if Bitcoin starts a downward trend, the TON token will be more affected, and if Bitcoin goes up. If it has, the TON token will take a less upward trend or even become Range.👇

🔔I expect Toncoin(TON) to continue to fall at least to the 🎯Targets🎯 I have outlined on the chart(🚨➖30%🚨).

❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.

Toncoin(TON) Analyze (TONUSDT), Daily time frame ⏰.

Do not forget to put Stop loss for your positions (For every position you want to open).

Please follow your strategy; this is just my Idea, and I will gladly see your ideas in this post.

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Comment:

The Head and Shoulders pattern is well visible in the 4-hour time frame (another sign of TON decline).

Comment:

As I expected, TON is moving, and support ahead could be 50_SMA(Daily) and 50_EMA(Daily).

Comment:

TON reacted well to the Downtrend line; even if it breaks, the analysis is still valid.