Lokesh Gupta
04-12-2023
According to Coingabbar Technical Analysis, Golden crossover is observed on the daily chart, with the 50-day and 200-day moving averages converging, signaling a positive trend.
The upward momentum is backed by the presence of a rounding bottom pattern, providing additional support to Terra Classic's rally.
Breaking a crucial resistance at $0.00021, indicating the initiation of a potentially historic bull run.
After a 14-month anticipation, Terra Classic experienced a resurgence, achieving four consecutive bullish days and testing the $0.000280 level.
Witnessing a remarkable surge of over 25%, the price maintains its upward trajectory, aiming for the challenging $0.000280 resistance.
Caution arises as the psychological barrier of $0.000280 may introduce supply pressure, impacting the ongoing price ascent.
Sustaining above the conquered $0.00028 level opens the door for a potential 15-30% increase towards subsequent resistance points at $0.00032 and $0.00035.
Conversely, a reversal in trend could lead to a loss of momentum, prompting a downward movement to test the support level at $0.00020.
KEY LEVELS :
RESISTANCE LEVEL : $0.00025000-$0.00028000
SUPPORT LEVEL : $0.00020500-$0.00018000
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
5 months ago
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