TON Fib Retracement - additional buying areas | Strong Bullish
🔎 Fundamental analysis:
TON has announced that channel owners will receive 50% of ad revenue generated in their channels, distributed solely in Toncoin $OKX:TONUSDT. The new way of circulation of this coin in the economy will lead to the higher price. We can see something very similar with Binance and their BNB which has integrated tightly with their ecosystem and it has very strong circulation channels that leads to the higher price and amount of people use it as well.
Also, Telegram has enormous amount of users and any further integrations and new projects based on the
TONUSDT
ecosystem will enable many people to try them out very quickly, because they're already using the Telegram messanger.
👨🏻💻 Technical analysis::
Since, the announcement of paying out a 50% of revenue to the cannel owners we have been seeing a strong bullish price spike. We haven't seen a correction yet, so according to this thought current idea suggests following Fib retraicement levels: 0.236 (4$), 0.382 (3.6$), 0.5 (3.4$) as good discount areas for purchasing to the continuation of the Up trend. The Stop Loss area is below the Strong Support level - 0.786 (2.5$)
💭 Sentiment analysis:
🛠️ TBD
👥 Please, share your thoughts or criticism about this idea in the comments section below. Your opinion matters and it'll be helpful for the community to understand a broader picture and shape more objective vision of the asset's price
----
Disclaimer:
The information provided is for educational purposes only and should not be considered financial advice. Trading carries risk, and past performance is not indicative of future results. Conduct your own research before making any investment decisions
TON has announced that channel owners will receive 50% of ad revenue generated in their channels, distributed solely in Toncoin $OKX:TONUSDT. The new way of circulation of this coin in the economy will lead to the higher price. We can see something very similar with Binance and their BNB which has integrated tightly with their ecosystem and it has very strong circulation channels that leads to the higher price and amount of people use it as well.
Also, Telegram has enormous amount of users and any further integrations and new projects based on the
TONUSDT
ecosystem will enable many people to try them out very quickly, because they're already using the Telegram messanger. 👨🏻💻 Technical analysis::
Since, the announcement of paying out a 50% of revenue to the cannel owners we have been seeing a strong bullish price spike. We haven't seen a correction yet, so according to this thought current idea suggests following Fib retraicement levels: 0.236 (4$), 0.382 (3.6$), 0.5 (3.4$) as good discount areas for purchasing to the continuation of the Up trend. The Stop Loss area is below the Strong Support level - 0.786 (2.5$)
💭 Sentiment analysis:
🛠️ TBD
👥 Please, share your thoughts or criticism about this idea in the comments section below. Your opinion matters and it'll be helpful for the community to understand a broader picture and shape more objective vision of the asset's price
----
Disclaimer:
The information provided is for educational purposes only and should not be considered financial advice. Trading carries risk, and past performance is not indicative of future results. Conduct your own research before making any investment decisions
Trade closed: target reached
Waiting for free cash in the following days