#METAVERSE token #SAND looks like a candidate to double.The two top hype areas of #crypto include NFTs and gaming.
SAND has great potential
as it combines both these elements and seems to be gaining traction.
ultimately a bear market will determine the winners in the long run.
But short time frame the chart looks good and the narrative seems to be setting up for SAND to build a Castle in the sky!
Gaming
$SE | WEEKLY WATCHLIST 10/17Simple chart here for this one. I wanted to keep this one simple. All eyes on the key $160 level. Please take note of the Weekly MACD bullish bounce as well as an increase in bullish volume to support the bounce. This indicates buyers stepping in. We have the Weekly RSI downtrend resistance approaching and looks to test very soon. There, we will get clear direction if we will full send higher, or find yet another local top rejection.
I will enter a long position on the break of key $160 level this week. Target above is $165, $170.
Axie Infinity Analyze (Road map🗺️) 🎮Hi, today I want to show you a road map of one of the favorite NFT tokens on the Ethereum network. The name of this NFT is AXS ( Axie Infinity ). Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players.
Axie Infinity Analyze ( AXSUSDT ) Timeframe Daily ⏰ ( Log Scale )
Location 🌊: AXS is running on Ascending Channel from the first. it has started 5 impulsive waves at 0.1$ 😱. it passed the Main wave 1 at 11.30$ ( Top of Ascending Channel) and then start to make the Main wave 2 (The end of the Main wave 2 was at 2.86$ on the lower line of Ascending Channel). AXS touched the upper line of Ascending Channel again and at the same time, it passed Main wave 3. I think that AXS is moving on main wave 4.
where is the end of main wave 4 ?
all microwaves 2 (even main wave 2) & microwaves 4 ended between fib Ret 23.6% fib and fib Ret 38.2% microwaves 1 or microwaves 3 , so probably the end of the main wave 4 will be between fib Ret 23.6% main wave 3 ( 60.48$, more possible ) and fib Ret 38.2% main wave 3 ( 33.75$ ).
the end of main wave 5 : 280$ until 330$
Attention : the five waves can move in a diagonal triangle too = the end of wave 5 ( 280$_330$ ) will be the end of Main wave 1 .
My Suggestion : if you have AXS , you have to think about taking profit from them Soon.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy , this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅ 'like' ✅ button 🙏😊 & Share it with your friends, Thanks, and Trade safe
CGD: $1.30 | The Next Level Gaming in the Spacechainguardians.io coolness ... should be a candidate for a take over
AXS clutching at supportATM I don't believe AXS will be able to hold it's support level at 119.23usdt.
Although our HTF bias on the daily is still bullish, on 4h and below we have retraced and now struggle to bounce from support.
One successful bullish BOS did occur reaching 140.90usdt, but since then we've created a lower high and a lower low, breaking on LTF.
That left large supply zones that will have to be absorbed which might be difficult, seeing as how we've already used up or demand zones.
I would like to see 130.97usdt being broken first, and if we're able to do that, we might be able to cut through the large supply zone overhead.
Not holding my breath though. In case AXS continues to roll, I will be eyeing the next demand zone which is our daily zone at 110.36usdt.
AMAZON - Let's Fly ✈️-Amazon, one-stop for U.S consumers when it comes to online shopping.
-No need to talk about the amazing financials that Amazon has and the future potential of the e-commerce market is obvious.
-What's more exciting is the newest game launch from Amazon; The New World.
-Amazon is known to hop on every trending industry/sector that potentially brings in more profits for the company. We all saw how the Sea LTD added value to itself with the Free Fire. Now the company almost depends on Free Fire mainly for profits.
-With Amazon, we have the same potential! If they launch a game that can get the gamer's attention, we can expect a tremendous rise in the stock price.
Bitcoin cycleBitcoin is approaching to the end of the 1st quarter of the cycle (ends in November) It will start consolidation/correcting.
Bitcoin dominance is on the rise and its higher than the previous cycle, but it usually drops when Bitcoin is consolidating in the first quarter of the cycle.
Defi, dexes and ecosystems are going to move BUT it seems the narrative in this cycle that will last until mid November is: btc, bch, Dodge& Shibu and Gaming of course!
Gaming do well whenever they want . Making games a good mid to long term good investment, regardless of the market either a bear or a bull.
Defi and dexes are stagnant so far. in this cycle That's why you don't go all in one segment but diversify
$TLM/USDT 12h (Binance Futures) Falling wedge near breakoutAlien Worlds (a.k.a. Trilium ) is about to reverse towards 100EMA since bulls seem to be stepping in!
More information about that NFT metaverse / Play-to-earn game on alienworlds.io
Current Price= 0.1707
Buy Entry = 0.1708 - 0.1612
Take Profit= 0.2035 | 0.2525 | 0.3219
Stop Loss= 0.1393
Risk/Reward= 1:1.4 | 1:3.24 | 1:5.84
Expected Profit= +22.59% | +52.11% | +93.92%
Possible Loss= -16.08%
Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 1x
Estimated Gain-time= 1 month
$ATVI WeeklyATVI weekly presenting an idea for a swing trade. Appears to be a reversal here at good support and going into holiday bullish seasonality.
Look for at least a move up to $84 and if that line of supply and resistance breaks, volume pocket - $90 comes quick.
Stop loss $72 with a move up to $84 good R/R idea for this swing IMO
$ATVI | WEEKLY WATCHLIST 9/27This setup may take a little while to mature, but sharing now regardless. This setup is on my radar. Beautiful bullish falling wedge and bounce off the 50% retracement in wave 4. Possible this was the low, but want some time for the chart to play out and confirm more. Watching for a falling wedge breakout which would get me interested in a long swing setup.
Long term target: $100+ (mid 2022-2023)
SAND Investment Analysis 07-09-2021 by TheSocialCryptoClubGood evening everyone!
We present an analysis on the SAND asset.
Fundamentals :
For those who don't know, SAND is a token related to the world of NFT Gaming and will be used to buy and sell items, land and more in the SandBox Game metaverse.
The gaming industry was one of the few that held up very well during the corona crisis, and the rise of play to earn games is totally changing the gaming paradigm around the world.
SandBox is a very interesting project, with a solid structure behind it, a populous universe of gamers, game makers and asset creators since before the project was launched.
As seen with Axie Infinity (AXS) this could be a great medium to long term investment opportunity.
The long term outlook remains always bullish even in view of the release of the game, of which many major players in the crypto world, for example Binance , ATARI , Square Enix , have already purchased multiple lots of land in order to create levels of the metaverse and consequently have a return linked to the amount of players who will play it.
Technical Analysis :
As we can see the token has suffered, like the rest of the sector, a steep decline due to the May dump.
Recovering thanks to the news on the game, we can see that a definite ascending channel was formed with the formation of a triangle that was broken towards new highs.
Currently we are in price discovery and it is not advisable to start an accumulation plan, but as visible from the volumetric profile, it is possible to identify a new POC in formation.
Below it there is a strong volumetric gap that could lead the price towards the retest at the base of the channel coinciding with the break out levels of the triangle.
If this does not hold we could return to the levels of the previous poc.
Also the CryptoFall indicator confirms that these levels are important for the price right in the area between 0.382 and 0.618.
This area could be interesting for a series of equidistant orders of small equal amount to make a well dosed accumulation plan on the depth of an eventual retracement.
Thanks for your attention and happy to support the TradingView community!
An Eco-System Is BornI have been long awaiting the launch of Efinity
I can't attest to what will happen with price action in the short term, but long term ENJIN and its surrounding ecosystems are posed to take over the NFT and Gaming crypto space.
Do your own due diligence and research into what ENJIN is building here with launch of Efinity and Jumpnet.
Small piece of information pulled from the Efinity whitepaper:
"The Enjin JumpNet blockchain allows users to execute transactions for free. In order to offer this, JumpNet imposes a series of limits against each address on the network.
By holding EFI on JumpNet (referred to as "JEFI"), users will be able to increase their JumpNet transaction limits. For every 100 JEFI* a user holds on JumpNet, their limits will be doubled (up to designated limits)."
ENJIN chart linked below in related ideas.
As Always,
Good Luck And Safe Trading.