Michael_Wang_Official

TVK: A Bullish Setup Ready for a Breakout

Long
BINANCE:TVKUSD   None
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.

If you like this analysis, please make sure to like the post, and follow for more quality content!
I would also appreciate it if you could leave a comment below with some original insight.

🔴 Premium Newsletter: www.mikebwang.com/newsletter
🟢 TA Education: www.mikebwang.com/tacourse
🟡 Community: www.mikebwang.com/theinsiders
🟣 YouTube: youtube.com/investingwithmike
🔵 Twitter: @michael_b_wang
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.