🌧️ TVK Possible Breakout

TVK has been on steady decline within a descending wedge for a few weeks now. A breakout of the wedge to retest support around the $0.75 level could signal a bullish retracement. However, we face a lot of resistance due to high selling pressure all the way through up to $0.82, so the price might stay stuck around those two levels for a while as TVK accumulates.

TVK has a few exciting news coming up in April and May (including something about a secret project that no NFT project has done before), so we'll see if that boosts prices going forward in the next few weeks. As it stands, this is a highly risky low cap coin and you may have to hold in the longer term to ride out the volatility.

Note

TVK has broken out of the descending wedge and is now testing support at $0.73. Beware of entering until support is sufficiently tested.

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False breakout for TVK, back into the wedge we go. Waiting for next breakout.

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TVK broke out of the descending wedge again, testing support at $0.7.

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TVK nearing breakout zone on the wedge, watch for support around the $0.73 or $0.76 levels.

Note

TVK broke out of the descending wedge again, testing support levels at $0.73. Selling pressure is significant all the way up to the higher levels, so it's unlikely for TVK to jump sharply in price. Expect significant accumulation and sideways movement for a while (this could be a good thing, since the longer we accumulate, the higher prices will spike in the future).

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