$TON

Are we in for another dip with TON? Let's dive into the technical analysis and see what's happening!

Market Correction in an ABC Pattern

The broader market correction seems to be following an ABC pattern. We've already seen waves A and B, but the C wave is still unfolding.

C Wave Structure

Interestingly, the C wave itself appears to have a 3-wave substructure, similar to an ABC pattern within the larger correction. This adds another layer of complexity to the analysis.

Higher Timeframe Perspective

It's important to remember that despite this potential short-term bearish scenario, the overall trend for the market remains bullish in higher timeframes. This means that any dips could be seen as buying opportunities for long-term investors.

What to Watch Out For

* C Wave Completion: Keep an eye on the development of the C wave. If it reaches its expected target, it could signal a potential reversal and the start of an upward move.

* Support Levels: Identify key support levels where the price might find a bottom. These levels could be important for potential entry points if the price does dip further.

Remember, this is not financial advice. Always do your research and consider your risk tolerance before making any trading decisions.

Let's discuss! What are your thoughts on the current state of TON and the market? Do you think we're heading for another dip, or is this just a temporary correction? Share your insights and let's learn together!

#TON #CryptoTrading #BinanceSquare

Disclaimer:

This article is for informational purposes only and should not be considered financial advice. Cryptocurrency trading involves significant risk, and you could lose money.