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  sell-off after a nice pullback

Any daily close above $8 confirms further bullishness.

TONUSD pared more than 5% in the past two days after a more than 20% pullback. The pair holds below the short-term (21EMA, above  55 EMA and long-term moving average in the 4-hour chart. It hit a high of $8.17 at the time of writing and is currently trading around $6.92.
 
The bullish invalidation can happen if the pair closes below $4.50. On the lower side, the near-term support is $6.50. Any close below targets $5/$4.50/$3.78.

 The pair's near-term resistance is around $8.20. Any breach above confirms minor bullishness. A jump to $9/$10 is possible. A surge past $10 will take it to $12.

It is good to buy on dips around $6 with SL around $5 for TP of $8/$10.