Toncoin with ticker TONUSD remains nicely bullish as expected. After a completed wave 3, it made a nice three-wave pullback in wave 4, from where we may now see a bullish resumption within wave 5 of a higher degree wave (3) with space towards 10 – 15 area.

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Basic Impulsive Bullish Pattern shows that Toncoin can be trading in subwave 5 of (3) that can send the price even higher before we will see next higher degree wave (4) correction within bullish trend.

On the date of publication, Gregor Horvat did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.