About Toncoin
Toncoin with symbol TON is the exclusive cryptocurrency of the TON blockchain network and this currency was released on October 27, 2021 at a price of $0.51.
TonCoin is not an ordinary cryptocurrency because this currency has many uses and quickly attracted the attention of users.This currency has made significant progress since its inception and now it is considered a complete ecosystem to meet the needs of users.
This currency pursues great goals, that’s why it is very popular.
Toncoin Forecast by NEoWave(Update 1)
In the previous Toncoin analysis, I said that TON is in a long-term upward trend and is forming a triangle, but considering that the last wave moved more than we expected, the analysis needs to be updated.
Looking again at the chart, we conclude that the long-term trend of TON has not been violated and will continue, and we can consider two scenarios for the continuation of the trend:
Scenario 1:
In this scenario, wave (c) decreases to the price of $3.87 and then grows to $6 and after the completion of wave (e) it moves to $11.
Scenario 2:
In this scenario, it is assumed that wave (c) has ended and now wave (d) has started, that this wave can continue up to $7 and then decrease to the range of $5.5-$6 and to move towards $11.
In both scenarios, we expect the formation of a contracting triangle, and after the completion of the contracting triangle, we can expect price growth.
Good luck
NEoWaveChart
