Esports
Fantastic entry point for Verasity. 300% to ATH 🐱🏍Verasity (VRA) is a protocol and product layer platform for esports and video entertainment.
Total market cap is around 100 million.
The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly.
Bullish stuff:
We did find a strong support around 0.02$.
Currently it looks like we get a W shaped recovery which is one of the more reliable patterns.
The RSI shows a strong healthy rise.
Trading volume is increasing even during the price drop. This is a good sign for an upcoming recovery.
Bearish stuff:
We did not create higher highs yet and are in a consolidation phase during a down trend.
Technically we are still not above the bull market support band consisting of the 20 week SMA and 21 week EMA .
As a middle cap altcoin VRA heavily depends on the health of Bitcoin and Bitcoin did not break the bull market support band yet.
VRA keeps integrating and developing.
Check their Roadmap for 2022 on their official website.
A 1 billion market cap seems not out of the cards which is a 10x from here.
It could take some weeks but we believe that VRA will rise again.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
Ctumblery
ENJIN COIN RE-ANALYSIS (GLOBAL TARGETS)In our last Enjin coin analysis, we talked about how the price could go up to $6 dollars.
Today we will be talking about higher targets in our re-analysis.
Visit the previous analysis for inights(will also be linked below)
As we can see, price action is in a large ascending channel, one which price has continuously respected on each touch
Currently in a larger degree ABC correction wave (wave 4 correction wave) we can see that price hasn't yet touched the 0.618 fib level of our wave AB, which should be the first step to determining which type of correction we're currently in.
Wait for price to come back down to the .618 region before making any buys, and wait for the touch of the channel support before going long.
If you agree leave a like and share your thoughts and views in the comments.
Feedback is always appreciated.
UltimoGG (ULTGG): Streaming Content, Gaming Tourneys-Screams BUYThis is NOT financial advice. Full disclosure: I spent $125 USDT on purchasing 20 billion ULTGG tokens on BitMart. This is a review of UltimoGG (ULTGG). You can find everything I'm sharing here on their website, ultgg dot io. Yes, you have to put a real dot where I wrote the word.
UltimoGG (ULTGG) is the revolutionary gaming token from the Ultimo GG platform. Get rewarded for everything you do on the platform, from winning tournaments to creating content and contributing to the community, then spend your ULTGG on the platform and with our partners. Purchase NFTs or even create your own featuring your greatest gaming moments or convert ULTGG into real-world money to turn your dream of a career in gaming into a reality. ULTGG will democratize esports and give gamers & content creators around the world the power to build a better future through gaming and set to rival YouTube & Twitch.
Ok, so that was the short version of what they will tell you. Here is my personal observation. The website was clean and professional. They really do have a growing pool of partners. The team has some depth to it and that is always a good thing. The business has been around for 4 years but the token was only recently launched earlier this summer on Pancakeswap. They have good graphics (the website, youtube vids, platform, etc), a good following (at least in the UK where much of the content has been generated), and glimpses of cool gaming merchandise (think T-shirts and in-game NFTs). Even though the token quantity is huge, they are committed to burning. Their interest in the NFT realm appears to revolve around their focus on being a streaming gaming platform, or as they call it, esports. They have a very strong social media presence and because they are working towards further listings on other exchanges, I believe this has the potential to turn into a money-maker for anyone investing now!
If you like this review, please check out my other reviews in the up-and-coming gaming, NFT, defi crypto space. Whether you agree or not, let me know what you think. I have interest in several other small tokens (Peculium , SportsCashOne , & Rewardium ) that are not yet available on TradeView, but can be found elsewhere (bitmart). Just be sure to do your own research. Good luck!
ESports - Value Investing - DraftKings Competitor - Metaverse Gaming stocks are great. Gaming #stonks like $DKNG not so much. Valuation matters most in *rising rates environment. #valueinvesting wins next decade.
#cannabisreform is #thefuture
$KERN #thegem
CANNABIS COMPLIANCE SOFTWARE
GL
Undervalued eSports play breaking out!- ESE has reported close to 500% revenue growth in Q2 2021 and has mkt cap multiples below competitors with lower revenue numbers.
- Latest financials do not include the new revenue from Motor Sports acquisition. CEO is projecting major revenue growth to continue in Q3 2021.
- $9.17M in cash. No debt.
- One of the tightest floats in the eSports/Gambling space (60M).
- Upcoming catalysts/acquisitions.
ESports - The Underdog - Draftkings Competitor - BUYAnother forgotten gem it appears. *valuation matters NOMO FOMO in Crypto Ponzi Pog world. Sports, Gaming, Gambling and #cannabisreform should provide the next greenshoots.
#MSOgang #thegem
$GNLN
#gethigherstandards
Learn to INVEST, STOP POGGING!! You'll do alright.
Big Falling bullish wedge in EGLX, potential breakout soon.Potential bullish breakout.
#eglx #enthusiastgaming
BBIG still holding vs technical trendsI know there's a lot of chatter about BBIG right now, which isn't necessarily a bad thing but it's something to be aware of as it can be one of the outliers right now. I mean that it is something that isn't normally a consistent factor of the BBIG market. Regardless, technicals are still doing their thing. The 618 remains the fib level of resistance and the 50DMA has upheld as a support level (so far). Volume hasn't completely died either. It's still on pace with the last few weeks of June and first week of July. It did, however, break below that previously established uptrend line put in with higher loss between mid-May and late-June. In any case, technicals to continue watching at the basic level: 618 Fib and 50DMA.
"Vinco recently announced the spin-off of its Emmersive Entertainment platform into its own publicly traded entity. With a similar goal of changing the media world for good, this could be an interesting proposition for investors to consider. So, while the aforementioned merger is not yet completed, investors are waiting for it to be finalized. In the meantime, BBIG stock could be worth giving a first or second look."
Quote Source: 8 Top Tech Penny Stocks to Watch in July 2021
GME - On the Verge of Bullish Breakout?I have been tracking GME closely for the past couple of months and want to share some developments on the chart that I’ve noticed so far.
Looks like we have been moving within an ascending triangle pattern since March, and are currently in the process of completing the handle portion a cup and handle that also started forming I during this time.
We are currently in a falling wedge pattern and coming close to a bullish breakout, which would coincide with a breakout of the handle. To make matters even more convincing, there seems to be a small inverse head and shoulders pattern forming inside the wedge which can be more clearly seen on the 15 minute chart, which could possibly be the move to cause a bullish breakout of the wedge pattern as well.
If we do see a bullish break of the wedge, we may be on track to testing the resistance level of the ascending triangle sometime towards the end of July / August. Breaking this resistance could possibly push us up over the previous ATH and put us into price discovery mode by Fall 2021.
GME board has been relatively quiet on what they plan to do moving forward, but I expect more news on the growth of their esport prospects more than anything else, since this was a major focus in the rebranding of the company.
If any esports news is released it would make sense for it to be announced during the lead up to EVO 2021 which takes place mid August (falling in line with the time frame of the expected breakout of the triangle).
TL;DR: Quite a few technical indicators pointing to a bullish break. Expectations of esport news could be the catalyst to make it happen.
Best of luck to everyone
Will Fans...Unite?FANS back at historic resistance from a few weeks ago. With the murmurs of excitement in esports, looks like things are picking back up from related names. The biggest question is will the momo keep going or does it fail at resistance again? Still really light on the newsflow so could just be sympathy sentiment driving momentum.
"FansUnite has also achieved several fundamental milestones in the last few months. Namely, the company entered a brand partnership with Cash Live Inc. The goal of this deal is to launch FansUnite branded live games on the Cash Live mobile app. The company already has a minority interest in Cash Live, which offers a free-to-play gaming app designed for mobile devices. The tech start-up has a poker and social casino game show platform with daily live-streamed shows paying out real cash to winners."
Quote Source: 4 Hot Penny Stocks To Watch Today Ahead Of Esports Industry Growth
Is this just a Fib or is SLGG gonna finally make a move?Obvious play on words but clearly SLGG is testing that same resistance that lines up with the fib line itself. Esports conversations are beginning again. I'm wondering if this will be another cycle for these stocks.
"Shares of SLGG stock have steadily climbed over the last month. In fact, between May 14th and June 14th, Super League’s share price has jumped from around $4 to just under $6 this week. One of the things that helped supercharge Super League was a bullish analyst rating from HC Wainwright last month. The firm started coverage on SLGG stock with a Buy rating and a $6 price target. As the penny stock approaches that target price, it looks like traders remain bullish on the company. A few weeks ago, Super League announced the acquisition of Mobcrush. According to the company, this helped establish one of the largest “verifiable and addressable audiences of passionate gamers in the US.” Mobcrush operates a live streaming tech platform, which boasts a roster of gaming influencers and more than 4.5 billion accumulated fans * subscribers across social media sites."
Quote Source: 4 Hot Penny Stocks To Watch Today Ahead Of Esports Industry Growth
$NERD Technical AnalysisGaming and eSports are here to stay! One of my favorite ETFs of this particular sector is $NERD.
$PLAY.X HEROcoin microcap alt 1000%?If we retrace to 2019 ATH’s, as you could imagine as the chart starts to pull up from the bottom almost exactly two years later. If it makes a “U”... ? Super cheap. Less than 10 MM marketcap. Recent major acquisition. Public roadmap just released. GLTA. Join our StockTwits thread for vids and DD journey.
$PLAY.X HEROcoin microcap alt 10-20x?Less than $10 million USD marketcap esports gambling token. If it retraces 2019 ATH we’re looking at powerful upside. Good logo, good name, good ticker. Check it out.
GMBL trend change??$GMBL flashes BUY signal.
- bouncing off Fibo, need to see follow through
- volume is light so watch VOLUME!
- PT $20
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile. 🚀🚀🚀🚀
New eSports Betting Platform just listed.Not much to see here yet, but I can imagine in a few years time given the popularity of online gaming we will see more and more betting on the outcomes of these online matches. Some of the esports events particularly in Asia attract MASSIVE numbers. Will add this to the watch list and see where it goes.
From their website: Our Mission is to define, shape and drive growth of the current and future esports wagering ecosystem by providing advanced product, platform and marketing solutions directly to service providers and customers.
Might take a punt ;)
ENJ - Favors the down channel before breaking up. 80%+Hello Traders,
Please find the chart above showing ENJ favoring the downward channel.
It seems that about 4 out 6 recent down channels the price broke upwards. Especially when we were on an upward trajectory. I would say we’ve confirmed an upward momentum at this time. ENJ’s market cap is already at the peak of its category and one of the larger coins out there, so it will take a lot of money to move into the project before seeing any 2 or 3X gains.
None the less I think this is a safer coin to have in anyone’s portfolio.
Who knows, maybe ENJIN completely dominates the market and hits a $12-$15 Billion Market cap.
Good luck!