TON has been in formation of an ascending triangle for the past year and a half. Also, you can see the side parallel channel here. Huge candle shadow that touched the middle of this channel indicates validity of formation and level that kept the price from further falling can be called strong. However, ascending triangle pattern is a little more than half filled, and in my opinion, we can’t expect prices to rise in the near future... The time for accumulation is coming, before the future major bullish movement.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.