π Bull flag - Supply demand zone - NFT - Gaming
π So, we know this year NFT and a lot of gaming coins have played a very big role on crypto currency and also attracted a lot of attention to the community!
π GuildFi project is one of them and I have looked at its chart since the beginning of its launch
π Based on GFUSD whitepaper the main sentence is: " GuildFi aspires to create an interconnected ecosystem of games, NFTs, and communities, to maximize players' benefits and enable interoperability across the metaverse. "
π Based on technical analysis we have formed:
1- Bull flag along with its perfect Elliott waving
2- A bullish regular divergence in H:4 time frame
π We have a very important support zone which is allocated with the bottom of the parallel channel; if the support zone is broken my TA is invalidated for mid-term
π Based on Elliott wave analysis price has already finished a 3rd wave and will be completing the 5th wave at the red top
THIS IS NOT A FINANCIAL ADVICE PLEASE DO YOUR OWN RESEARCH BEFORE TAKING ANY SELL OR BUY POSITION GOOD LUCK NP TRADER
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.