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Overview #TON by 4h đź’°

The coin is breaking through a maximum of $ 3.39, demonstrates recovery and is higher than the level, which can be continued

Current support in the field of $ 3.03 - $ 2.94, where there were previously customer activity, and the local level of $ 3.32, if the price is held above it, it is possible to continue the upward movement with the targets of $ 3.60, and higher by $ 3.93

But if he can’t resist and go down below $ 3.32, it will go to remove liquidity from the lower boundaries, where the price of $ 3.00 will be a supporting

It is also impossible to exclude a very negative scenario, if it starts to lose its pace now, the pressure can intensify, it is worth monitoring the reaction already to the $ 3.11 range - $ 3.05, the loss will open the way to a decrease in the area of ​​$ 2.85 - $ 2.77, where there is deeper support, where the zone of $ 2.50 - $ 2.35 is active in the past, from which in the case of a global one in the case of a global Plum can be waiting for a more serious turn‌‌



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Overview #TON by 4h đź’°

The coin is breaking through a maximum of $ 3.39, demonstrates recovery and is higher than the level, which can be continued

Current support in the field of $ 3.03 - $ 2.94, where there were previously customer activity, and the local level of $ 3.32, if the price is held above it, it is possible to continue the upward movement with the targets of $ 3.60, and higher by $ 3.93

But if he can’t resist and go down below $ 3.32, it will go to remove liquidity from the lower boundaries, where the price of $ 3.00 will be a supporting

It is also impossible to exclude a very negative scenario, if it starts to lose its pace now, the pressure can intensify, it is worth monitoring the reaction already to the $ 3.11 range - $ 3.05, the loss will open the way to a decrease in the area of ​​$ 2.85 - $ 2.77, where there is deeper support, where the zone of $ 2.50 - $ 2.35 is active in the past, from which in the case of a global one in the case of a global Plum can be waiting for a more serious turn‌‌

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However, analysts are positive on the stock now. “We have seen a huge downside movement in the stock due to the central electricity regulatory commission’s (CERC) order that seems to be negative from 2014-15 onwards but we cannot take a linear negative view on the stock and further downside movement on the stock is unlikely. Currently stock is underpriced. Investors can bet on it for a longer horizon," said Vivek Gupta, director research at CapitalVia Global Research.

How Does Bitcoin Mining Work?

Bitcoin mining is the process of adding new transactions to the Bitcoin blockchain. It’s a tough job. People who choose to mine Bitcoin use a process called proof of work, deploying computers in a race to solve mathematical puzzles that verify transactions.To entice miners to keep racing to solve the puzzles and support the overall system, the Bitcoin code rewards miners with new Bitcoins. “This is how new coins are created” and new transactions are added to the blockchain, says Okoro.

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