✴️ Terra Classic Multiple Bullish Scenarios + Long-Term Targets
Looking back to 2022 we can see how a bullish breakout found support in August of that year.
The Aug. 2022 support leads to one more up-leg, three consecutive weeks green.
We have a similar situation starting late 2023.
A strong bullish breakout happens with the correction finding support at the exact same level support was found back in 2022. It is a big range but the median price sits at 0.00009984 which matches the Fib. retracement level for the Oct.-Dec. 2023 bullish wave.
This week LUNCUSDT moved above EMA10 and EMA50 with the weekly session closing in less than 18 hours. Once the week closes above these levels a strong bullish signal is confirmed and the scenario depicted on the main chart above can develop.
The Cryptocurrency market is unforgiving, a different scenario can be something like this:
Another drop, a lower low compared to 22-January before the next bullish wave.
Regardless of what happens in the short-term, we are bullish long-term.
Namaste.
The Aug. 2022 support leads to one more up-leg, three consecutive weeks green.
We have a similar situation starting late 2023.
A strong bullish breakout happens with the correction finding support at the exact same level support was found back in 2022. It is a big range but the median price sits at 0.00009984 which matches the Fib. retracement level for the Oct.-Dec. 2023 bullish wave.
This week LUNCUSDT moved above EMA10 and EMA50 with the weekly session closing in less than 18 hours. Once the week closes above these levels a strong bullish signal is confirmed and the scenario depicted on the main chart above can develop.
The Cryptocurrency market is unforgiving, a different scenario can be something like this:
Another drop, a lower low compared to 22-January before the next bullish wave.
Regardless of what happens in the short-term, we are bullish long-term.
Namaste.
🔥 PREMIUM Trade-Numbers
lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🔝 Daily Cryptocurrency Technical Analysis
followalan.com
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com
Related publications
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.