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.
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