OUR HONEST LONG-TERM PERSPECTIVE FOR #TON AND ITS CURRENT MARKET STRUCTURE!
There have been several sentiments mixed up with TON's current market structure. However, we highly regard the current market structure it has which is markup. This is a tough market structure to break right now especially with the market sentiment being extremely bullish at this point. Therefore, as we expect higher lows to be created on its previous higher highs will be its sign of a major bullish movement for its long-term movement. Those who have believed on this project from 2018 will not be empty-handed since the all time high it has achieved seems to be like what XRP was struggling to make.
TON has experienced significant corrections after the big issue with Telegram's CEO. We have considered this to be just an FUD which has further basis for its overall chart. The more this token will correct, the more likely it will attempt to weaken the resistance at the key level of 8. We have highlighted in the chart the possibility for a strong bounce at the next impulsive wave 3.8. Albeit, we are also taking into account the price to hold at key levels 4.4-5.0. Let's see whether TON becomes the next #XRP or not.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.