TVK: A Bullish Setup Ready for a Breakout

19 באוג׳ 2021

In this post, I'll be taking a technical approach to Terra Virtua Kolect .

Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and invest at your own risk.

Analysis
- TVK is a solid project with huge backers like AU21, NGC Ventures, and Hashed
- On the left hand side, we have the arithmetic chart for TVK.
- We can see that a reverse Head and Shoulders pattern has formed within a bigger inverse HnS Pattern
- The necklines and head/shoulders are each marked by the color blue and green
- What's also important to note is that the price broke through the Exponential Moving Average (EMA) Ribbon, and managed to close above
- On the right side, we have the logarithmic chart of TVK on the same time frame
- We can see that the price has broken out of the descending trend line resistance, and is currently trading between two significant support and resistance zones.
- We could anticipate a breakout from the region, creating higher lows and higher highs.

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