đź‘˝TLM still behind- METAVERSE MANIA
Updated
The price reached the dynamic resistance and is now trying to break out from the symmetrical triangle. If it gets rejected, we can expect to see a bounce from one of the support levels inside of the formation which could potentially give some entries.
TLM is associated with gaming, nfts and the metaverse stuff which is currently on a massive hypetrain, yet TLM seems to be lagging behind (I don't know if this project sucks or something, haven't done any research)
Entry: buy at current price (0.27) --small amount!!-- (buying into resistance!!- very risky) or/and buy at one of the support levels inside of the formation in case the price goes for a deeper pullback. (green areas)
-- PS. The only reason I consider buying into resistance an option is the current hype, otherwise I'd never do that --
Long-term targets:
TP1: 0.3324
TP2: 0.3708
TP3: 0.4193
TP4: 0.4924
TP5: 0.6978
TP6: 0.8900 (~270%)
TP7: OPEN++
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About TLM:
Alien Worlds (TLM) is a decentralized, non-fungible token (NFT) metaverse, where players compete for scarce resources, Trilium (TLM), in a stimulated economy centered around planetary worlds. Due to this, Alien Worlds also has a decentralized finance (DeFi) element to the game, as players advance by staking TLM and using TLM to vote in Planet Decentralized Autonomous Organizations (DAOs).
Play-to-earn (P2E) NFT games have seen an exponential rise in popularity and value this year. Alien Worlds allow the players, called “explorers” to earn monetary rewards through gameplay or participation in Planet DAOs. By mining in Alien Worlds, a user is rewarded with the native, in-game currency — Trilium (TLM) or NFT packs. Players can stake TLM to boost their rewards or battle with other users for NFTs.
Source: coimarketcap
TLM is associated with gaming, nfts and the metaverse stuff which is currently on a massive hypetrain, yet TLM seems to be lagging behind (I don't know if this project sucks or something, haven't done any research)
Entry: buy at current price (0.27) --small amount!!-- (buying into resistance!!- very risky) or/and buy at one of the support levels inside of the formation in case the price goes for a deeper pullback. (green areas)
-- PS. The only reason I consider buying into resistance an option is the current hype, otherwise I'd never do that --
Long-term targets:
TP1: 0.3324
TP2: 0.3708
TP3: 0.4193
TP4: 0.4924
TP5: 0.6978
TP6: 0.8900 (~270%)
TP7: OPEN++
--------------------
About TLM:
Alien Worlds (TLM) is a decentralized, non-fungible token (NFT) metaverse, where players compete for scarce resources, Trilium (TLM), in a stimulated economy centered around planetary worlds. Due to this, Alien Worlds also has a decentralized finance (DeFi) element to the game, as players advance by staking TLM and using TLM to vote in Planet Decentralized Autonomous Organizations (DAOs).
Play-to-earn (P2E) NFT games have seen an exponential rise in popularity and value this year. Alien Worlds allow the players, called “explorers” to earn monetary rewards through gameplay or participation in Planet DAOs. By mining in Alien Worlds, a user is rewarded with the native, in-game currency — Trilium (TLM) or NFT packs. Players can stake TLM to boost their rewards or battle with other users for NFTs.
Source: coimarketcap
Note
update:The price went up 27% from buy zone, but the breakout was rejected. If the price keeps moving in the local ascending channel we can expect another breakout attempt soon. If the local trend is lost, we will most likely see some consolidation on key level (in buy zone)
tradingview.com/x/51BsE52I/
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