TON Main trend 16 03 2025Logo of rhymes. Gann fan for understanding the logic of trend development and dynamic levels of support and resistance.
Time frame 1 week, for full orientation in the trend and potential targets. Key price reversal zones on which the trend development depends are shown with arrows. Conservative and adequate targets in the medium and long term. Everything above, as for me, should not worry you much, but this is purely my opinion, nothing more.
🟡 Pay attention how clearly the percentages of large triangles and time reversal zones are worked out according to the algorithm. Someone who is far from trading says that TA does not work on cryptocurrency.
TA is a banal logic, an exchange algorithm (you need to be tied to something), real supply/demand (market participants) and manipulative supply/demand, that is, large market participants (exchanges, funds, creators).
In the development of the trend, there is a fractal behavior of the price in the trend at the moment. Perhaps this logic will continue. The secondary, downward trend formed a wedge-shaped formation, as before.
1 day time frame
🟣 Currently locally an aggressive buyback is taking place (probably, as an excuse for the price movement, some positive news was released) from the dynamic support of the fan (on the 5-minute time frame, after the impulse-buyback, a bullish triangle was formed in consolidation, and now its goals are being realized). If after a rollback on the senior time frame (1 day, 1 week) this zone is preserved - a reversal of the secondary trend. At the moment, the price is moving within the wedge canvas, locally there is a complete absorption of the bearish candle on the weekly time frame.
🔴 Also, if there is a test of this reversal zone (less likely) , then the price can consolidate according to the logic of the descending wedge. Price consolidation, especially not overcoming the dynamic former fan support on a repeated retest — a decline to begin with to the median (red dotted line) of the range. On the chart you will see an "illogical" head and shoulders. This is an extremely unlikely scenario, but I will describe it just in case, so that you take this into account in your money management (not risk management).