Is TON the opportunity of a lifetime from the bottom or the beginning of a major collapse?
From a comprehensive look at the three charts (daily, 15 minutes, and 5 minutes):
• In the short term (5 and 15 minutes): the currency is currently in a clear downtrend with continuous selling pressure, the price is crawling down trying to break nearby support levels. The recent candles show a clear dominance of bears (sellers).
• In the medium to long term (daily): the picture looks more negative and worrying. The currency was at a peak above $2.00 and began a harsh downward journey forming "lower highs and lower lows". The current price stands at a very critical historical support area (around $1.20). Breaking this area with a close means opening a new door for further bleeding.