TON
Telegram(TON), wait for the BREAKOUT!TelegramCoin(TONCOIN) is near its local lows and there is no hype around this project. This is good for long-term growth!
We can expect a strong growth of this project by the speed of its development. But what does the technical analysis show?
Right now the price is in a triangle and squeeze under the lower boundary. We can expect a break down and liquidity collection. At the same time, volumes should definitely increase. It means that a buyer has appeared and is actively buying TON.
Also, the scenario of squeezing under the upper trend line and breakout is possible. As long as the cryptocurrency market is in an uptrend, then altcoins should be traded by trend.
The first target will be the $2.16-2.24 area. The next value zone and target is $2.38-2.46.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
Telegram's Blockchain Supercomputer (Our 3rd Pick for Q1, 2022)✔Introduction from Whitepaper :
'The Open Network (TON) is a fast, secure and scalable blockchain and
network project, capable of handling millions of transactions per second if
necessary, and both user-friendly and service provider-friendly. We aim for
it to be able to host all reasonable applications currently proposed and conceived. One might think about TON as a huge distributed supercomputer,
or rather a huge superserver, intended to host and provide a variety of
services.''
In our eyes and to keep things simple what we find interesting is these news:
'Telegram users will soon be able to make payments in cryptocurrency Toncoin
This development comes amid Telegram CEO and co-founder Pavel Durov revealing that the Telegram Open Network (TON) blockchain technology is still in development after the company officially abandoned the project last year.'
The Professor, being a big fan of Crypto and Telegram can simply not stay away from such a combination. We have already engaged, despite the weird, unclear Tokenomics.
Connect the dots:
Crypto community is already on Telegram. Telegram will make it possible to make payments on Telegram. With TON . This sounds like a Winner.
One Love,
the FXPROFESSOR ✔️✔️✔️
ToncoinTon Coin broken the downtrend and now try to retest it, maybe continue to move up after successful retest
JSE:TON Tongaat FailingWe had been seeing buying in Tongaat but that is over now. Now we see signs of weakness (SoW) that could take us back to the lows. The distribution was very weak and an acceleration of the markdown is now expected.
JSE:TON Tongaat Slow but Steady ProgressTongaat has been making slow but steady progress since seeing buying early in 2020 -see posts below. Yesterday there was again a spike in volume probably indicating another slow push higher.
JSE:TON Tongaat Volume Remains HighFollowing Tongaat off the base that was formed - see posts below - the stock has made slow progress with sharp rises followed by drawn-out pullbacks. However, volume remains high and the stock is being accumulated. Now after a test of the yearly pivot point, we can again expect the stock to make further progress in its rise.
JSE:TON Tongaat Mark-upIt is not a great time to buy during the mark-up, better to wait for the reaccumulation range to form, but the buying volume observed in April is now playing out. When all the other stocks were having a selling climax in March we observed that there was significant buying pressure on Tongaat (See posts below). After some more high volume, we are now seeing a mark-up taking place and price has doubled.
JSE:TON Action on TongaatPreviously the R5 level has been important (See posts below). Buyers have slowly been accumulating stock just above this level and it seems to have held. This morning some more aggressive buying is taking place and price is on the move. We can expect a test of the previous highs and possibly the markup to continue after some re-accumulation.
JSE:TON Tongaat Volume Remains HighWe previously identified increased interest in Tongaat (see post below). This buying continues at increasing price levels. Someone is in a hurry to buy the stock and are not waiting for the price to fall back to the lower levels and buying on the way up.
JSE:TON Tongaat Hulette Buying below R5Tongaat has been having their troubles but someone is buying aggressively below R5. We have seen a volume spike on the selling climax and now again on a spring from the lows. After a very week backup attempt to the downward sloping trading range, we could see some rally back to the upper boundary of the downward sloping stride. Buying weak stocks in a weak market is high risk but it seems someone is interested in Tongaat.
FRED Trucking Tonnage Index (QUANDL:FRED/TRUCKD11)Notice the long periods of high correlation between tonnage trucked and the major indexes (spx500 shown here)
Another set of FRED data that I think many are unaware of, so I thought I would bring it to their attention.
Enjoy and share your thoughts.
Much love and manage your own risk
GL HF
xoxo
snoop
