For the past 3 days $TON has been presenting plenty of descending channels all perfectly acting as bullish signals, that is untill yesterday...
Even before the release of #Notcion the price of TON took a quick dive, indicating its next main direction over the coming days. Further confirmation of this possibility can be seen by the new ascending channel being formed on the 1h chart.
I strongly suspect an interaction between the MA5 and MA200 on this chart, which will more likely take TON on its next leg down rather than up. For now I'm predominantly looking for #scalping #SHORT📉 entry points.
Are we seeing the same thing or what is your opinion?
Your support and encouragement is much appreciated!
