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.
A month and a week after my prediction tp1 and tp2 was finally hit despite #btc’s bearish stance, took out my profits slightly above tp2 at 105usd. Thanks to Bitcoin, it was definitely a prolonged ride but it ended in glory😄😂