Toncoin analysis today 10 September 1403
TonCoin's analysis shows that if the price of this digital currency reaches the support of $4.72, the bearish head and shoulders pattern will be completed.
According to Cointelegraph, Kendall Tone Coin's long sequel
TON:
On August 28, it shows that sellers are strongly defending the 20-day EMA (blue wave, $6.01).
They are probably trying to push the price of TonCoin to the support of $4.72. This level is very important for buyers. Additionally, the closing of the TON candle below this level completes the bearish head and shoulders pattern.
However, the price of TonCoin may rise sharply from the level of $4.72 and reach above its moving averages. This suggests that TonCoin may remain in its swing range for a longer period of time. Closing the TON candle above the $7 level in the short term can benefit buyers.
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