To be honest I had little idea of what Terra was. It caught my attention as I wanted to short it a few times on Kucoin, but it kept going up in price even as some majors bled out. So I've capitulated to a Terra bull, and am now setup to ride a long with the coin ($1.45).
On the chart we see a consistent pattern of tall candles that ride outside the widened upper band before retracting into consolidation, then bursting up a short period later. Since Jan 7 there have been four major moves upward in this design, with price increases averaging ~35% before consolidation. Considering that the most recent runup was double legged, it wouldn't be surprising to see some steady consolidation over the next 3-5 days.
Should the price drop below the EMA and trend down towards the lower band, I'd look for support to kick in around $1.22. If that were to fail, $.90 is a rock solid support and price will bounce quickly from there.
The coin launched on Ku in Sept '19 and had its ATH at $1.35 then, so we are barely in price discovery, which leads me to believe we'll see some strong movements upward in the near term. I'll look to exit after $2 is breached and whether it struggles there or not.
This is not investment advice and trading cryptocurrency is high risk
On the chart we see a consistent pattern of tall candles that ride outside the widened upper band before retracting into consolidation, then bursting up a short period later. Since Jan 7 there have been four major moves upward in this design, with price increases averaging ~35% before consolidation. Considering that the most recent runup was double legged, it wouldn't be surprising to see some steady consolidation over the next 3-5 days.
Should the price drop below the EMA and trend down towards the lower band, I'd look for support to kick in around $1.22. If that were to fail, $.90 is a rock solid support and price will bounce quickly from there.
The coin launched on Ku in Sept '19 and had its ATH at $1.35 then, so we are barely in price discovery, which leads me to believe we'll see some strong movements upward in the near term. I'll look to exit after $2 is breached and whether it struggles there or not.
This is not investment advice and trading cryptocurrency is high risk
İşlem aktif
Tightening up S/L and looking for a move upward over the next 48h before I bail.İşlem kapandı: hedefe ulaştı
Woot
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.