TONUSDT's Bullish Structure: Ready to Overcome Resistance?
💎 Paradisers, #TONUSDT has formed a cup and handle pattern and is demonstrating a proper bullish market structure, which increases the likelihood of a bullish move.
💎 If #TON breaks and closes a candle above the resistance zone, it will validate the cup and handle pattern, and we can then expect a potential bullish move.
💎 In the case of a pullback, we can anticipate a bounce from the bullish Order Block (OB) and supportive trendline, but remember that we need an Internal Change of Character (I-CHoCH) in lower timeframes for confirmation.
💎 However, if the price breaks down and closes a candle below the bullish OB and supportive trendline, it will invalidate our pattern. In this case, it would be better to wait for more favorable price action to develop.
MyCryptoParadise
iFeel the success🌴
💎 If #TON breaks and closes a candle above the resistance zone, it will validate the cup and handle pattern, and we can then expect a potential bullish move.
💎 In the case of a pullback, we can anticipate a bounce from the bullish Order Block (OB) and supportive trendline, but remember that we need an Internal Change of Character (I-CHoCH) in lower timeframes for confirmation.
💎 However, if the price breaks down and closes a candle below the bullish OB and supportive trendline, it will invalidate our pattern. In this case, it would be better to wait for more favorable price action to develop.
MyCryptoParadise
iFeel the success🌴
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