1. #TON Weekly level, this week's lowest rebound from the lower Bollinger band, currently expected to test the middle rail resistance of around $6.61, the medium and long-term resistance refers to the upper Bollinger band and the reversal point of the sar indicator, which is around $8. The J value of the KDJ indicator began to turn upward after touching the oversold range, and the KD double line is expected to form a golden cross in the later period, and the rebound is expected to continue.
2. At the daily level, TON is running in a downward channel as a whole, and rebounded after touching the lower rail support. The macd indicator is about to form a golden cross, which also verifies the rebound trend. It is currently facing the upper rail resistance of the channel, which is also the Fibonacci 50% rebound position, which is around $6.5. If it is under pressure here, it will start to pull back; if it breaks through, it is expected to test the 61.8% position and the rebound high point of the decline process, which is around $6.9-7.
3. There is a bearish bat pattern at the four-hour level. CD is about 2.618 times the AB band and is the 0.886 Fibonacci retracement level of the XA band. Point D is roughly around 6.64, which is a potential reversal point resistance level. The Vegas channel resistance is currently around 6.47-6.55, and RSI has also initially entered the overbought area. It is expected to be blocked after the high and there will be a pullback. The support below refers to the recent retracement low of around $6, and the support of point B is around $5.8.
