IDEAOLOGY Typical 'buy the dip' move aiming at $1.500
IDEAUSDT has been one of the hottest coins at the start of November, making a two day rally of more than +400%. This has opened up extreme possibilities for the coin as it restored the long-term bullish bias. Let's see in more detail on a structured Technical and Fundamental Analysis, why the current price is a unique buy opportunity.
** Technical Analysis **
First of all today IDEA formed a Golden Cross on the 1D time-frame. That is when the 1D MA50 (blue trend-line) breaks above the 1D MA200 (orange trend-line). It is one of the strongest technical bullish formations. The very fact that a similar technical formation, the 1D MA50/MA100 Bullish Cross (when the 1D MA50 crosses above the MA100 (green trend-line) took place on November 02, the exact day of the start of the +400% rally, shows why a trader should pay attention to today's Golden Cross.
Secondary, the Fibonacci Channel plots very effectively IDEA's extreme growth potential. The Higher Highs jumped from the 1.0 Fib extension to the 2.0 Fib ext. on November 03. Naturally, the next target is Fib ext. 2.5, which I expect the coin to hit above $1.500.
Notice that all this growth is coming after one of the strongest technical bullish reversal patterns, the Double Bottom (green zone) that was made on September 28.
** Fundamental Analysis **
If the technical outlook of Ideaology looks great enough for you to place a buy, the fundamental one looks even better. Ideaology has recently built its IDO launchpad for tokens built on Ethereum, Binance Smart Chain (BSC), and Polygon (Matic). With Ideaology, cryptocurrency projects can easily raise funds by setting up a swap pool based on a fixed purchase rate for tokens on the Ideaology IDO launchpad. End-users will be able to join the projects as whitelisting participants in our secure and rule-abiding service environment.
They’re carrying on with different and interesting projects, which I describe for you below along with other useful fundamental points:
Upcoming WorkX platform
You’ll be able to find work, if you need it, as well as people who will gladly help you out with the work you need to be done.
This freelance platform will be on Ideaology, and these two will be intertwined.
This blockchain-based freelance platform will be on Binance Smart Chain (BSC) network with escrow.
Binance P2P is using escrow in order to secure the crypto until both parties have confirmed the desired transaction.
Every transaction will be done through MetaMask.
This looks like an amazing opportunity for freelancers all around the world. I don’t know the details yet but so far so good. Looks promising.
Gaming studio announcement
Ideaology will also make blockchain games. I’m really excited for this. You can make use of your NFTs in these games, as NFTs are the in-game content.
Besides making their own, they are going to support other blockchain-built games and NFT projects.
You'll be able to collect all sorts of unique and different NFTs, whether that is characters themselves, equipment for your characters, armor, weapons, etc.
There will be play to earn games, where you can earn money through these games. I love this concept. Take a break, play video games, and earn money at the same time.
Token trading
IDEA is currently one of the top gainers, with an amazing volume of 92.65%.
It’s listed on KuCoin, Gate.io, and more.
IDEA price has grown 72.01% recently, and it’s keeping its value.
IDEA has also gone through CertiK audit, making it trustworthy and safe.
** Conclusion **
With IDEA's technical and fundamental framework looking really promising, I expect the price to jump very high. And all of this hype and hot price action is before the new platforms have even come out yet. We can only imagine the value that will be added when the WorkX and game studio come out. I’m really excited for all of this. Definitely check them out and make sure you get on the rally early.
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** Technical Analysis **
First of all today IDEA formed a Golden Cross on the 1D time-frame. That is when the 1D MA50 (blue trend-line) breaks above the 1D MA200 (orange trend-line). It is one of the strongest technical bullish formations. The very fact that a similar technical formation, the 1D MA50/MA100 Bullish Cross (when the 1D MA50 crosses above the MA100 (green trend-line) took place on November 02, the exact day of the start of the +400% rally, shows why a trader should pay attention to today's Golden Cross.
Secondary, the Fibonacci Channel plots very effectively IDEA's extreme growth potential. The Higher Highs jumped from the 1.0 Fib extension to the 2.0 Fib ext. on November 03. Naturally, the next target is Fib ext. 2.5, which I expect the coin to hit above $1.500.
Notice that all this growth is coming after one of the strongest technical bullish reversal patterns, the Double Bottom (green zone) that was made on September 28.
** Fundamental Analysis **
If the technical outlook of Ideaology looks great enough for you to place a buy, the fundamental one looks even better. Ideaology has recently built its IDO launchpad for tokens built on Ethereum, Binance Smart Chain (BSC), and Polygon (Matic). With Ideaology, cryptocurrency projects can easily raise funds by setting up a swap pool based on a fixed purchase rate for tokens on the Ideaology IDO launchpad. End-users will be able to join the projects as whitelisting participants in our secure and rule-abiding service environment.
They’re carrying on with different and interesting projects, which I describe for you below along with other useful fundamental points:
Upcoming WorkX platform
You’ll be able to find work, if you need it, as well as people who will gladly help you out with the work you need to be done.
This freelance platform will be on Ideaology, and these two will be intertwined.
This blockchain-based freelance platform will be on Binance Smart Chain (BSC) network with escrow.
Binance P2P is using escrow in order to secure the crypto until both parties have confirmed the desired transaction.
Every transaction will be done through MetaMask.
This looks like an amazing opportunity for freelancers all around the world. I don’t know the details yet but so far so good. Looks promising.
Gaming studio announcement
Ideaology will also make blockchain games. I’m really excited for this. You can make use of your NFTs in these games, as NFTs are the in-game content.
Besides making their own, they are going to support other blockchain-built games and NFT projects.
You'll be able to collect all sorts of unique and different NFTs, whether that is characters themselves, equipment for your characters, armor, weapons, etc.
There will be play to earn games, where you can earn money through these games. I love this concept. Take a break, play video games, and earn money at the same time.
Token trading
IDEA is currently one of the top gainers, with an amazing volume of 92.65%.It’s listed on KuCoin, Gate.io, and more.
IDEA price has grown 72.01% recently, and it’s keeping its value. IDEA has also gone through CertiK audit, making it trustworthy and safe.
** Conclusion **
With IDEA's technical and fundamental framework looking really promising, I expect the price to jump very high. And all of this hype and hot price action is before the new platforms have even come out yet. We can only imagine the value that will be added when the WorkX and game studio come out. I’m really excited for all of this. Definitely check them out and make sure you get on the rally early.
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
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