#TON STANDS TALL AMIDST THE RECENT FUDS IT HAS FACED! THE NEXT PRICE ACTION WOULD BE?
Further analysis has provided us this 1 confirmation TON is presenting in the overall valuation of its market existence.
The confirmation mainly revolves around the fact that TON has withstood all of the possible rejections and called theme as mere corrections. Right now, with the formation of its head and shoulders, the tendency for this token to immediately cut its neckline is still not validated. Hence, the reason as to why we're preparing several limit orders close to its neckline at 4.52-4.68 and other limit orders slightly below this neckline. As more of these limit orders show up, we can safely assume that it will retest its major resistance and from there we can observe if the buying pressure will get stronger or weaker.
NEWLY ESTABLISHED SUPPORT ON TOP OF RESISTANCE FOR #LINK?
LINK has shown a high intent to keep the prices from sinking back to the supports it once held. Many have already considered this key level to be the new major support that has been established on top of the previous broken resistances from the accumulation that happened from price range 5.34-9.44. Albeit, here's our real take regarding this matter. Whether LINK holds this key level and establish it as a new major support depends entirely on the interest of every traders and as well as the overall market valuation of this token. Thus, we can observe from here whether this gets broken or kept. As once this token gets held from this key level. It will have a high price surge and its total value will be considered to become just like what ETH was like before. Even if in the event this token gets this support key level broken. The movement will still be the same. More discounts mean more players will enter and more players mean there will be higher prices awaiting for its long-term prospects.
Stay wise, trade cautiously.
@GAINERSPACK tg
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