#TVK is fully bottomed out and is undervalued #NFT project. it can pump anytime from here. $TVK price broke out from descending resistance line and hold above ascending support line. if price going to complete AB=CD pattern price can touch $0.51 and $0.62.
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.
- TVK is a solid project with huge backers like AU21, NGC Ventures,...
TVK is currently facing major resistance at 0.38-0.4, if it breaks this resistance then the next resistance is near 0.48 and is minor resistance zone, can easily be broken, The main zone is 0.38-0.4 and if it breaks this zone we gonna see good pump in it.
Terra Virtua Kolect (TVK) is a cross-platform non-fungible token (NFT) ecosystem that offers a curated marketplace for NFT creators and collectors to interact. The Terra Virtua Kolect platform spans web, PC and mobile AR/VR environments.
TVK has strong fundamentals and excellent charts and is massively undervalued me and several fellow crypto twitter comrades all believe TVK is due a massive pump as we think NFT based projects will lead the market and TVK in my opinion is the best NFT project. SEATBELTS ON THIS IS ABOUT TO GET SENT!!
Nice Inverse head and shoulders setting up for TVK. Depending on entry, this trade is setting up for returns of + 105- 270% and just to target 1 it's around 1:3 Risk: Reward. A re-trace to 0.12 would give an excellent R:R at 1:9. If it hits target 2 the R:R is closer to 1:8 and as high as 1:22 if your entry is closer to the 0.12 mark.
Inverse Head & shoulders...
Looking at the daily chart its usually easy to see the subwave count of wave 3 only. Below are the characteristics of the structure -
Wave 1 was a leading diagonal
Wave 2 retraced .50 on fibbs was a triangle
wave 3 wicked 1.618 of wave 1
Wave 4, i can make it a running flat
Wave 5 was even shorter than wave one and was ending diagonal
The correction after...
I think we have reached the bottom before acceleration for this chart (unless BTC nukes) which allows the Livermore cycle to take place which would be rapid upward expansion. The only thing that worries me a bit is volume in the last leg down, which should have decreased.