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CryptoDonkie
May 12, 2021 3:09 PM

Luna-Terra look for a continuation pattern up Long

Terra / TetherKuCoin

Description

Good day fellow traders,

Terra needs to be on your radar here, position-wise it's not at an ideal spot to enter for a trading opportunity( middle of the range), only with the right experience plan.

In that regard, our risk-reward ratio is still 1:4.

- MACD looking like it wants to move
- DMI and RSI at a healthy location
- Consolidation since 24th April, after healthy correction from the previous high, which validates stronger support 0.236% level(relative in crypto:)
- Resistance level at 61.8% > $17.85
- Monitor the Daily for confirmation of either breakout, bullish momentum.
- It is always better to enter on a swing low, meaning be patience and wait for assurance of trend change- or buy low

Buy up to $ 17.5
SL $14.8

Info and targets on the chart,

Always pay attention to the engine BTC in crypto space for sudden changes in charts, only trade stronger coins in this period. And as always in Crypto- watch your butt.

Good luck to you all,

This is not Financial advice
Comments
litecoinlawrence
just got in bo$$... Lets goooo!!!!!
OneBlackCat
Perfect analysis mate.
CryptoDonkie
@OneBlackCat, Thank you
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