Toncoin analysis today, September 6, 1403
Toncoin's analysis shows that this digital currency has fallen by around 20% in the previous week and is trying to recover its losses.
Summary of analysis
- TonCoin's first bullish signal will be a break through the 20-day EMA (blue wave, $6.34).
- In this case, TonCoin may fall to the 50-day simple moving average (blue wave, $6.66).
According to Cointelegraph, Tony Coin
TON:
It declined sharply in the previous days and reached the support of its symmetrical triangle pattern. This showed that the selling pressure of TonCoin is more than its buying pressure.
ToneCoin's long candlestick on August 25 (September 4) showed that buyers of this digital currency were trying to defend the $5.25 support. However, they ultimately did not succeed. As a result, ToonCoin sellers are likely to try to push the price below $5.25. If they succeed, TonCoin may fall to the $4.72 range. A close of the ToneCoin candle below the $4.72 range completes the bearish head and shoulders pattern.
TonCoin's analysis shows that its first bullish signal will be a break and crossing of the 20-day EMA (blue wave, $6.34). In this case, TonCoin may fall to the 50-day simple moving average (blue wave, $6.66).
Analytical content published in Eviralnews is for educational and informational purposes only, and is not an investment recommendation or a buy or sell signal. Investing in the digital currency market is associated with high risk, and the user is obliged to conduct his own study and analysis regarding the desired asset before any investment.
