Toncoin Gets Ready For $17 & $22 (Elliott Wave Theory)

There is a classic ABC (Zig-zag) correction on the chart based on Elliot Wave Theory. The correction is perfect in size and proportions and comes out of a perfect 12345 bullish impulse. The end of the correction signals the start of a new bullish phase.

The dynamics here are the exact same we just looked at with AAVEUSDT. After the correction reaches its end, there is some sideways (consolidation), this sideways then produces slow and steady growth and finally a strong price advance.

In 2023, there were almost three months of sideways action after the low was in before the first advance got started. Then another period of sideways preceding the major bullish climax. This is standard price dynamics and we should experience something similar in the coming months.

Patience is key. But the market looks good now for accumulation in anticipation of a major bullish wave that will end in a bull-run. Targets can easily hit $11, $17, $22 and beyond.

Namaste.