The technical indicators on the TON chart have hit extreme levels. Following the overbought condition on the daily chart, clear trend reversal signals have started to emerge on short-term timeframes. Here are the technical details:
📈 1D (Daily Chart): Peak Point
RSI 100%: The indicator has reached maximum levels. This shows that the buying pressure is exhausted and a sharp correction is on the horizon.
HH & BOS: A new high (HH) has been established and a break of structure (BOS) has occurred. However, after such a steep rise, a "retest" is expected.
📉 1H (Hourly Chart): Change of Character (CHoCH)
CHoCH (Change of Character): The trend has officially broken downward on the hourly chart. Bears are starting to take control.
RSI 0%: The RSI crashing to 0 on the hourly chart proves how aggressive the selling pressure is.
🔍 15m (15-Minute Chart): Breakout
Bollinger Bands: The bands have squeezed tightly and the price has broken down with sharp red candles.
Rejection from HH: The price was rejected from the HH level and gained downward momentum.
Today's Outlook:
"Trend Exhaustion" is dominating the market. The sharp drop of the RSI from 100 to 0 indicates that whales have started to realize profits. As long as the price stays below the 1-hour CHoCH level of
$TON , the selling pressure will continue.
You can follow the moves live from here.👉
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⚠️ Legal Disclaimer: This is not investment advice (DYOR). The crypto market carries high risk, always use Stop-Loss!
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