TONUSDT Bullish or Bearish?
Toncoin/Tether OKX:TONUSDT
TONUSDT Analysis
A divergence between the RSI indicator and the price chart suggests a potential upcoming bullish move. If the price breaks out of the triangle pattern to the upside, a pullback to the triangle’s support level is expected, followed by a continuation toward the target price level shown in the chart.
A break above the RSI 50 level, along with increasing trading volume, could serve as confirmation signals for this setup. ✔
In the displayed position, the risk-to-reward ratio (RR) is 2.5.
Note: This is a personal analysis and should not be considered as financial or trading advice.❌
source https://www.tradingview.com/chart/TONUSDT/sfQb56ej-TONUSDT-Bullish-or-Bearish/
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