$TON

Price is in a Downtrend, trading in a Falling Wedge pattern. We wait for a breakout, ideally above 200-day moving average (~$6.30) to resume its Uptrend, with upside potential back to $10 thereafter.

Patterns: Falling Wedge usually results in a bullish breakout. When price breaks the upper trend line the price is expected to trend higher. Emerging patterns (before a breakout occurs) can be traded by swing traders between the convergence lines; however, most traders should wait for a completed pattern with a breakout and then place a BUY order.

Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Strong Down.

Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).

Support and Resistance: Nearest Support Zone is $4.70.

 Nearest Resistance Zone is $6.00, then $6.75.