TradeCityPro | GALAUSDT Battle Between Buyers and Sellers 👋 Welcome to TradeCityPro Channel!
Let's dive into this cryptocurrency altcoin, after which I will explain in detail about Trump’s meme coin and his wife in the next analysis.
🔍 Bitcoin Overview
Before starting today’s analysis, let’s take a quick look at Bitcoin on the 1-hour timeframe. Last night, we saw some volatility, triggered by the inauguration of the new U.S. president, Mr. Trump, which led to these movements.
Initially, we experienced some bearish candles and dropped below $100,000. However, we bounced back and reached a new price ceiling of $109,350, which was touched on most exchanges. It was an unprecedented event for Bitcoin fans.
📅 Weekly Timeframe
On the weekly timeframe, GALA is one of those cryptocurrencies that is still fluctuating within its larger range box. It seems likely that it will break out soon.
The key resistance level here is at 0.06090. When we previously attempted to break the range box, the breakout was fake, and we returned to the box.
For re-entry, I plan to buy long-term once the range box ceiling at 0.06090 is broken. However, I will need volume increase for confirmation. For now, the main exit trigger will be a break below 0.01579.
📈 Daily Timeframe
On the daily timeframe, GALA is showing a good potential for a bullish movement as it’s breaking above its previous daily range.
After breaking the resistance at 0.02434, the price moved up nicely to the range box resistance of 0.0609, which was a reasonable place to take profits or exit the position. I personally opted for the latter.
Currently, the price is at a crucial support level at 0.03305, which is important on both the daily chart and also aligns with the 50% Fibonacci retracement level, a key technical point. This zone is considered a potential reversal zone (PRZ).
For re-entry, I will buy if we experience a fake breakout at this support level or if we break above 0.04344. The most significant entry will be if the weekly ceiling of 0.06090 breaks. I will continue to hold my 0.02434 entry. For selling, I won’t do anything at 0.03305, but there’s a possibility I might open a short futures position, as the price could move towards 0.02821 or 0.02434.
GAME
BUYGAME is an AI agent infrastructure project in the Virtual protocol ecosystem. A small market crypto project is extremely volatile and can be unpredictable, but I enjoy trading a project like this based on technical analysis.
Technical analysis can be very subjective. Depending on which time frames you are trading and how you are seeing patterns, you can draw support/resistance/trend lines in so many different ways for more mature assets like Bitcoin, FX, and indices. But a young asset like GAME, doesn't have much price action history, therefore, it can be easy to see where the price moves and retraces according to Fibonacci level in 4H and Daily charts. There are no prior historical patterns and price levels so we have to go with textbook style moves. I am not sure if that is the case, but I feel like that's what is happening in many new crypto projects.
The price started to move up on the 5th Dec and peaked on the 3rd Jan. It is the very first time in this asset's history that the momentum indicators travelled from the bottom to the top in the daily chart. So I drew the Fib retracement line there. The price dropped right at Fib 0.786 (the last line of defence for the bull), formed tweezer bottom, and strongly bounced up in the 4H chart.
Daily MACD is remaining in the bull territory. Daily Stochastics have reset and entered the bull zone. When you go to 4H chart, MACD lines have crossed and are entering to the bull territory. The price is travelling inside the sell block in the 4H chart, but once it clears, it has not much pressure to move to the last month high at $0.36 zone and move up further.
I don't trade small projects like this with leverage. I pick projects with good fundamentals and buy with a small allocation of my capital. I bought GAME tokens at $0.25 area in late Dec. I intend to hold it for a while and when Daily momentum indicators start to form negative divergence, I might sell all or sell some.
Alikze »» MANA | Valley Pattern - 1D🔍 Technical analysis: Valley Pattern - 1D
📣 BINANCE:MANAUSDT In the daily timeframe, the previous wave extended to the supply zone, after which it corrected to the golden zone, which has again encountered demand.
🟢 In the daily timeframe, a valley pattern has formed. As long as it is above the golden zone, it can retest the supply zone again.
💎If the first supply zone is broken, it can continue its growth to the next supply zone, which is the previous major ceiling, with a pullback to the broken structure, by the height of the valley.
⚠️Note: Note that the break of the golden zone and consolidation below it will likely lead to further correction to the green box.⚠️
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UPDATE {BONK}Hello friends
As we told you before, this coin can ATH by maintaining the specified range.
Now, with the loss of the limit, he was able to hit higher bottoms and if he breaks this triangle, we will go for ATH.
If the market falls, we have identified two other good ranges for you that can be suitable for buying.
Be successful and profitable.
AVVE IS STRONG...Hello friends
After its heavy fall, this coin has entered a suffering that it was able to successfully break.
Now, according to the strength of the trend, in case of correction, we have determined for you the points that are suitable for buying.
The possibility of ATH hitting this currency is very high.
If you like this analysis, support us.
Razor's Edge GalaHello guys
This coin is in a range of almost 300%.
Due to its sharp movement to the ceiling of the range, we saw a small correction.
Now, if it can break its suffering from this point, it can be validly bought in case of failure, but according to the market conditions and the conditions of this currency, we expect it to make further corrections and we can buy a step.
The first step is the half-fibonacci point and the second step is the drawn support.
If you like this analysis, I will be happy to give us energy with your support.
Good profit is coming!!!Hello friends
This coin has been in a large trading range for a long time.
Now that it is almost the floor of the trading range and the upward movement can be started, you can buy up to the goals we specified for you.
Note that this coin has been suffering for a long time and has not grown much even in the rise of the crypto market, and this can be a positive point...
We will be happy if you give us energy with likes and comments.
CD Projekt | CDR & Phantom Libertywhat a nice long and what a great day, hows tradin so far Chooms?
cyberpunk dlc phantom liberty coming on September 26th 2023 and cant wait to play this gem
as usual CDPR going to sell million of copies and making hundreds millions of dollar so for me CDR still is safe and good place to printing more money. 2023 is a great year to buy the dips and enjoying 2024 after that
HAMSTER KOMBATHamster Kombat is an emerging trend in the crypto-gaming world, combining the excitement of clicker games with real-world earning potential. Here are some key points about its future trend and potential:
Growth Potential: Launched in 2024, Hamster Kombat has quickly gained traction, attracting millions of players. The game’s native token, HMSTR, is expected to see significant growth, with predictions suggesting it could reach $0.35 by the end of 2024 and potentially $1.50 by 2030.
Community and Engagement: The game has built a strong, active community where players can share strategies and earn rewards. This community-driven approach is crucial for its long-term success.
Technological Advancements: Hamster Kombat leverages blockchain technology, specifically The Open Network (TON), to ensure secure and decentralized gameplay. This integration of blockchain enhances the game’s credibility and appeal.
Market Sentiment: Despite some volatility, the overall market sentiment for Hamster Kombat remains positive. The game’s unique blend of social interaction, gaming, and financial rewards positions it well in the growing play-to-earn market.
Future Developments: Continuous innovation, such as new gaming modes, staking features, and strategic partnerships, will be essential for maintaining user interest and driving further growth.
CD ProjektWake the F up Samurai, We have a money to burn!
CD Projekt is a Polish video game developer, publisher and distributor based in Warsaw, founded in May 1994
most people and investors think investing in Metaverse means you should only buy Meta stock but Metaverse already here and big gaming companies are leading it
CD Projekt's three year median payout ratio is a pretty moderate 45%, meaning the company retains 55% of its income. So it seems that CDR is reinvesting efficiently in a way that it sees impressive growth in its earnings and pays a dividend that's well covered.
Moreover, CDR is determined to keep sharing its profits with shareholders which we infer from its long history of six years of paying a dividend. Our latest analyst data shows that the future payout ratio of the company is expected to drop to 18% over the next three years. However, CDR's future ROE is expected to decline to 11% despite the expected decline in its payout ratio. We infer that there could be other factors that could be steering the foreseen decline in the company's ROE.
On the whole, I feel that CD Projekt's performance has been quite good. Particularly, I like that the company is reinvesting heavily into its business at a moderate rate of return. Unsurprisingly, this has led to an impressive earnings growth. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate
not to mention that CYBERPUNK 2077 DLC Phantom Liberty going to release in 2023 and they working on new Witcher game.
Witcher3 next gen update was another success and its good time for gamers to play this masterpiece if they looking for some exciting adventure
I mange to bought CDR stock at 91$ and any price at this range is a dip and good opportunity for long term investment
Happy Christmas chooms!
GameSquare Holdings Set to Report Q2 Results Tomorrow: Watch OutAs the gaming industry continues its rapid expansion, investors are increasingly on the lookout for companies that not only keep pace with innovation but also set new standards within the sector. One such company is GameSquare Holdings, Inc. (NASDAQ: NASDAQ:GAME ). With a current stock price of $1.10 per share, a market capitalization of $34 million, and a 52-week range of $0.98 to $2.95, GameSquare (NASDAQ: NASDAQ:GAME ) is garnering significant attention from both investors and industry experts alike.
Promising Market Sentiment
GameSquare Holdings (NASDAQ: NASDAQ:GAME ) has recently seen a surge in trading volume, signaling growing investor confidence. This increase in activity is often a precursor to upward price movement, though, as always, it's essential to approach such trends with a measure of caution. Notably, the stock is currently ranked seventh in analyst strong buy ratings on TradingView, a remarkable feat for a company of its size. This position is integral because it places GameSquare (NASDAQ: NASDAQ:GAME ) stock on the bane of substantial growth.
Financial Performance to Watch
Anticipation is building as GameSquare Holdings (NASDAQ: NASDAQ:GAME ) is set to release its quarterly earnings report tomorrow after the market closes. A strong performance that exceeds Wall Street expectations could act as a catalyst for future growth. Given the company's recent momentum, a positive earnings report could further solidify its standing in the industry and attract additional investor interest.
Riding the Wave of Industry Trends
Operating within a dynamic industry that is experiencing exponential growth, GameSquare Holdings (NASDAQ: NASDAQ:GAME ) is well-positioned to capitalize on emerging opportunities. The gaming sector is evolving rapidly, driven by the development of new games, technologies, and the increasing convergence of digital media and entertainment. Moreover, GameSquare (NASDAQ: NASDAQ:GAME ) has strategically aligned itself with these trends, as evidenced by its recent collaboration with 5-Hour ENERGY®.
This partnership has resulted in the launch of the Flavor Wars, a Fortnite streamer community competition, which highlights the company’s innovative approach to brand engagement. By tapping into Fortnite's massive user base of 230 million monthly active players, GameSquare is not only enhancing its visibility but also positioning itself at the intersection of gaming and mainstream culture.
Technical Indicators Suggest Potential Reversal
From a technical analysis perspective, GameSquare Holdings (NASDAQ: NASDAQ:GAME ) is showing signs of a bullish reversal pattern. With a Relative Strength Index (RSI) of 48, the stock appears to be on the cusp of a trend reversal, suggesting that it could soon experience a price increase. However, as with all technical indicators, it's important to remain cautious, as market conditions can shift rapidly.
Understanding the Risks
While the potential for significant growth is apparent, it is important for investors to consider the inherent risks involved. The stock market is volatile, and external factors such as economic downturns, geopolitical tensions, or sudden regulatory changes can all impact a company's performance. Therefore, it is crucial to assess your risk tolerance and investment objectives before making any decisions.
Sector and Competitor Analysis
GameSquare Holdings operates in the thriving digital media, entertainment, and technology sector, which boasts total revenues of $38.66 billion and a weighted average price-to-earnings (PE) ratio of 42,099.47. Within this competitive landscape, GameSquare (NASDAQ: NASDAQ:GAME ) has distinguished itself through its innovative strategies and strong market positioning. The company recently closed the trading session with a 1.85% increase, reflecting its ability to generate value and sustain investor interest even amidst challenging economic conditions.
Conclusion
In summary, GameSquare Holdings, Inc. (NASDAQ: NASDAQ:GAME ) is a company that stands at the forefront of the gaming industry's evolution. With a promising outlook, strategic industry partnerships, and a potential earnings boost on the horizon, GameSquare presents an intriguing opportunity for investors. However, as with any investment, it's essential to conduct thorough research and consider your individual financial goals and risk tolerance.
As the company continues to innovate and expand its reach within the gaming community, GameSquare (NASDAQ: NASDAQ:GAME ) could very well become a major player in the industry, offering substantial returns to those who recognize its potential early on.
Ubisoft Entertainment SA / UBIUbisoft Entertainment aka ubi "bug" is a french video game publisher headquartered in Saint-Mandé with development studios across the world. Its video game franchises include Assassin's Creed, Far Cry, For Honor, Just Dance, Prince of Persia, Rabbids, Rayman, Tom Clancy's, and Watch Dogs. Ubisoft was one early investors in web3 technologies and projects too
last year was a terrible year for ubi because not only they didn't succeed with their franchise like farcry 6 but also they entered the bear market while they were working on their bigger projects like AC. “We are clearly disappointed by our recent performance,” said Ubisoft Chief Executive Yves Guillemot. “We are facing contrasted market dynamics as the industry continues to shift towards mega-brands and everlasting live games, in the context of worsening economic conditions affecting consumer spending.”
2023 is a big year for ubi and they are going to publish some of their best games like Assassin's Creed Mirage, Tom Clancy’s The Division Heartland and skull and bones
ubi stock now in Accumulation phase and its next targets are 21, 23 and 25
Unity Software IncUnity Software stock soared on Monday, rising nearly 20% into the close after a shoutout during Apple's Worldwide Developers Conference.
Unity's gaming software will be used in Apple's new mixed reality headset, the Apple Vision Pro, Apple announced on Monday.
"We know there is a community of developers who have been building incredible 3D apps for years," Apple's vice president of worldwide developer relations said during the WWDC presentation. And today we are excited to share that we've been working with Unity to bring those apps to Vision Pro. So popular Unity-based games and apps can gain full access to vision OS features such as pass-through, high-resolution renderings, and native gestures."
Volume in Unity stock shot up to more than triple the 20-day moving average as the stock had its best intraday performance since November 10.Unity operates a cross-platform game engine that was first discussed at a Apple WWDC in 2005 in regards to the Mac. The company went public in 2020 and the stock was bought up to nearly $200 a share during the 2021 tech surge in stocks. Ark Innovation Founder Cathie Wood is a shareholder. Unity is the 15th largest holding in Ark's flagship fund, the Ark Innovation ETF (ARKK) and represents 3.46% of the total portfolio.
On May 10, Unity reported first-quarter earnings that beat Street estimates for revenue while posting a wider-than-expected loss per share. Unity reported first-quarter revenue of $500.36 million compared to Wall Street estimates for $477.67, per Bloomberg data. Unity's adjusted earnings per share loss of $0.09 was more than $0.01 the Street had been expecting.
Like others in the gaming sector, Unity spent its first-quarter earnings call positioning itself as an AI winner.
"AI is going to have a profound effect on the industry," Unity CEO John S. Riccitiello said on the company's earnings call. "First, it's going to lead to inflection up in growth as game types are built that were no longer — were not previously possible. And secondly, we're going to see, I believe, some of the crazy expense that goes on in some high-end production come down some. It's a favorable part for the game industry for growth. And I guess it'd be very favorable for Unity as we drive some of these changes through the industry."
NOT Any Token!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 NOT has been overall bullish, trading above the rising trendline in blue.
Currently, NOT is undergoing a correction phase within the falling red channel.
Moreover, it is retesting strong demand zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand zone and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #NOT approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich