1CAT target 0.0030212h time frame
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Entry: $0.00155
TP: $0.00302
SL: $0.001377
RR: 8.23
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(1) Getting support again from the uptrend since $0.0014
(2) Accumulation range is creating between $0.0014~$0.003
(3) Target for fib extension is set at 2, which is $0.00302
(4) $0.0039 will be easy if momentum is enough
(4) Stop loss once going below $0.001377
1catusd
1CAT, strong feeling this may pull off a BONK-like price growth.Bitcoin Cats (1CAT), the GameFi platform for the Bitcoin ecosystem.
The BRC20 Ordinals-based ecosystem is now listed in the Bitcoin Ecosystem.
BitcoinCats, a GameFi platform based on Bitcoin, utilizes Bitcoin Assets (BRC20, Ordinals NFT, etc.) mapped to Ethereum and other layer-2 networks.
It introduces play-to-earn (P2E), staking, farmland, SocialFi, and more to Bitcoin Assets.
As a gaming ecosystem across Bitcoin and EVM networks, BitcoinCats aims to bridge crypto communities.
1CAT, the native token, originated on Bitcoin and is wrapped to Ethereum for decentralized finance (defi) and GameFi benefits.
The token is used to buy and upgrade in-game assets, serving as a ticket for special features.
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On our technicals / chart data.
1CAT has seen impressive gains upon launch by peaking at 0.01688 only to be tamed down by the market to reach 0.010 levels.
Now, the coin is nearing completion of a higher base at the current range.
Expect more rise attempt from this levels -- and a strong breakout is highly possible.
I have a strong feeling this will pull off a BONK type price growth based on the specific category and development niche it is in. Also based on the "price gain ratio after launch" -- this is definitely one those rare momentum++ driven coin.
If you missed BONK's exponential rise, this maybe a closer candidate now.
Spotted at 0.01000
TAYOR.
1CAT 5-0 harmonic pattern4h time frame
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TP: $0.025 (C)
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(1) Potential bullish 5-0 pattern
(2) Might on the movement from B to possible C
(3) Two targets of different C, first is $0.025 (fib 2.24), another is $0.0187 (fib 1.618)
(4) Better to take profit at C and wait for reversal at possible D
(5) Standard 5-0 is rare to see on alts, so just for reference and make sure risk management
1CAT target 0.312h time frame
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1CAT is building the second leg of a potential big double bottom, which show a critical resistance around $0.012, also the neckline of DB. Standard method to estimate target from a double bottom would get $0.0196, that is the 200% Fibonacci projection. Furthermore, if we consider the GameFi/BTC L2 potential that 1CAT possesses, there is more possibility to reach higher like hit $20 B at market cap during bull market.
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Bull target: $0.3~$1
1CAT target 0.0151h time frame
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1CAT is retesting the support of the rounding bottom and 0.382 Fib Retracement. Also, 1CAT is creating a small uptrend line from those two wick lows. Further, the structure of previous high around 0.15 is helpful for us to see as critical resistance, if 1CAT go above it, next is 0.02.
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TP: 0.015 /0.02
SL: 0.0068
1CAT target 0.0152h time frame
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1CAT increased by 200% since we shared the trading plan on Feb 11th, link as below.
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Now, 1CAT is creating a potential cup and handle which is a continuation structure, that means 1CAT will go to 0.015 if break above the neckline of this CH structure. Considering the risk and reward ratio is not good if put entry at neckline, we can set entry at the bottom of this potential Handle structure around 0.0096~0.01.
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TP: 0.015
SL: 0.0085
1CAT target 0.0151h time frame
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1CAT is creating a potential rounding bottom, there is an obvious accumulation zone around 0.004, and will complete the structure once 1CAT break and retest 0.0075. So we can split fund into two parts, first one is buy 1CAT below 0.004, next is the timing that 1CAT retest 0.0075 after breaking it up. Also, according to a standard rounding bottom, target is set at previous high around 0.015.