Terra Virtua Kolect Technical Analysis: TVK Rise By 25.57%
Table of contents
Key Technical Points
TVK Past Performance
Since 1st June, Terra Virtua Kolect has been trading on a flag pattern as the bulls and bears compete to take control of the market. In the last 24 hrs, TVK has traded as low as $0.04093 and as high as $0.0595. The market capitalization is $61,944,752 while the trading volume is $56,162,325.
Source: Trading View
TVK Technical Analysis
According to the technical analysis, the current trading price is $0.05177, a 25.57% rise in price. The support levels are at $0.04633 and $0.04177, while the resistance levels are at $0.05633 and $0.06177. The RSI is at 66, implying that the market is currently overbought.
The MACD has formed tall green bars as the MACD line is above the signal line, indicating that the bulls are in control of the market. The Bollinger bands have begun expanding as the candle sticks trade above the upper Bollinger band, suggesting increased market volatility.
Out of the 26 technical Indicators, 11 give a buy signal, 9 show a hold signal, and 6 sell signals. The oscillators show 1 buy, 8 holds, and 2 sell signals, while the moving averages show 10 buying signals, 1 hold, and 4 sell signals.
Conclusion
TVK looks like it may be ready to make a move soon, with the market capitalization and trading volume both increasing. The technical analysis shows that the market is currently overbought, but there is still potential for Terra Virtual Kolect to continue to rise. With the current market conditions, it appears that now may be a good time to invest in Terra Virtual Kolect.
It can be concluded that the bulls are currently in control of the market. However, the market is overbought, and a correction is bound to happen. It is advisable to wait for the correction before entering any positions.
TVK Upcoming Trend
The upcoming trends for TVK are not yet clear, as the market is currently in a corrective phase. Once the correction is over, the market is expected to resume its upwards trend. Investors are advised to wait for the correction to occur before taking any positions.