Lingrid | TONUSDT continues MOVING sideways above 5.00

18. Okt.

The price perfectly fulfilled my last idea. It hit the target level. TONUSDT is currently moving sideways, hovering above the psychological level of 5.00, and continually bouncing off this key point. You can see that the price action is forming an inverse head and shoulders pattern. This formation suggests that the market may be poised for an upward move towards higher levels. Additionally, the market is testing the downward trendline, and a breakout above this line could lead to a bullish trend. Overall, I anticipate a bullish move as long as the price stays above 5.00. My goal is resistance around 5.520

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻