Catch quick 25% up. Terra still bullish in a correcting market
The current correction should’ve been expected after such massive moves by a lot of cryptos last year, nevertheless, the wider crypto market is still apparently in a bullish cycle.
Terra bouncing off the 50 day ma. Rsi is in good support zone and the previous day is a green hammer candle which signals a possible reversal as the bulls are taking back control. Looks ready to continue it’s uptrend and retest it’s previous high. I see a possible head and shoulders pattern forming. A 25% move upwards is on the table from it’s current position @80.1usd. Tp1 - 90usd, TP2 - 100usd, TP3 - 120usd.
Terra has not caved in to the pressure of the correcting market yet but it’s impossible to specify how long this uptrend continues so be very vigilant.
This is not investment advice. Trade with caution and do not risk money you can’t afford to loose a percentage of.
Terra bouncing off the 50 day ma. Rsi is in good support zone and the previous day is a green hammer candle which signals a possible reversal as the bulls are taking back control. Looks ready to continue it’s uptrend and retest it’s previous high. I see a possible head and shoulders pattern forming. A 25% move upwards is on the table from it’s current position @80.1usd. Tp1 - 90usd, TP2 - 100usd, TP3 - 120usd.
Terra has not caved in to the pressure of the correcting market yet but it’s impossible to specify how long this uptrend continues so be very vigilant.
This is not investment advice. Trade with caution and do not risk money you can’t afford to loose a percentage of.
