FxWirePro- TONUSD (Chart of the day)

A decentralized and open internet, created by the community using a technology designed by Telegram. It is made up of three components

TON blockchain - It is a collection of  2 blockchains that can process millions.TON Blockchain presents some new and unique features, such as the self-healing vertical blockchain mechanism and Instant hypercube routing which enable it to be fast, reliable, scalable, and self-consistent at the same time.  It is heterogeneous, similar to the EOS and Polkadot.

Main features of  TON

Transactions per second -104715

Block Time-  5 seconds

Number of validators- 230

TONUSD showed a minor pullback in this week.

Any daily close above $5.75 confirms further bullishness.

TONUSD has consolidated in a narrow range between $5.68 and $4.73 for the past week. The pair holds above the short-term (21 and 55 EMA) and long-term moving average in the 4-hour chart. It hit a high of $5.54 this week and is currently trading around $5.17.

The bullish invalidation can happen if the pair closes below $3.30. On the lower side, the near-term support is $4.70. Any close below target $4.20/$3.78.

 The pair's near-term resistance is around $5.75. Any breach above confirms minor bullishness. A jump to $6.25/$7 is possible. A surge past $7 will take it to $10.

It is good to buy on dips around $5.75 with SL around $5 for TP of $8.