Comparing this post on $TON with my previous analysis 3days ago we can decide if things are on track while I'm so nicely in the green with my profits or should I bail and start looking for a long entry now?
While we see a clear #Bullish channel forming (possibility all the way up to $6.79 eventually) this still serve only as another bearish indicator, because unless "some news event" create big waves for growth the MA lines on the daily chart will say otherwise.
For now I'm getting a bit unsure if we will see $5.8, because the market seems a bit sluggish on it's way down, but unless I see some interaction between the MA5 and MA30 on the daily chart I will maintain my #BEARISH📉 sentiment and keep looking for shorts. What is your thoughts on this?
I analyze the longer timeframes so my readers get more time to DYOR and securely search for better entities on the lower timeframes. Getting direction is half the game won right? Please like and share if you would like more regular analysis on TON, $NOT $BTC and any of the other coins. Your support will help this learning experience grow by reaching more noobs, just like we all were once... Thanx!