Taraxa: 374% Is The Easy Target; Can Go Higher

493
We have two dynamics mainly playing out across the Cryptocurrency market.

We have those big projects trading high and consolidating (sideways action). These are the pairs that produced strong growth in late 2024.

Then we have those projects that are breaking out really strong. Really, really strong. These are the pairs that are trading at bottom prices or near support.

The pairs that are still high up are likely to continue sideways.
The pairs that are down are likely to catch up; break-up and grow very fast in a matter of weeks or days.

Taraxa (TARAUSDT) is one of the pairs that went through a full correction and is now strongly bullish. After testing support, blue line on this chart, it can be seen moving up.

This move up is only the initial breakout before massive growth. This massive growth is a long-term process. We will see higher highs and higher lows for many months. Can be 4 months, 6 months or 8 months or longer. Until late this year.

There is just no limit to how far these pairs can grow, but an easy target on this one can produce 374% or more. The details are on the chart.

Blessings.

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.