Gaming
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.
NintendoThis is a gaming company that has lasted the test of time to the point that they have become the Mecca of the gaming world tbh. They are here to stay and are still competing well in a highly competitive industry!
Looking over their financials, I like how the gross profit is increasing consistently since 2017. COGS has stayed stable. Steady increase in Net Income. Steady EPS increase. Steady Asset increase. Total current assets jumped this past year tremendously and has outweighed the increase in non current liabilities. Steady increase in total equity. Not too worried about debt increase due to this. Steady free cashflow growth. Increase in the last 2 years in changes in working capital. P/E Ratio decreasing over time. Valuation Ratios and Profitability Ratios are improving as a whole.
Chart Analysis:
Daily: MACD and RSI oversold. Possible support traced.
4 Hour: Same as Daily TF
1 Hour: Same as Daily TF
15 Min: New low was made. Entered consolidation. Turned into previous being broken. Possible retracement ready? Need to see MACD and RSI oversold before final decision.
Price consolidated between $64 - $81 between September’20 and July ‘21. It broke out towards a downtrend and is finding support IMO on the 15 min TF. If it finds solid ground as it looks like it has potential to do, we could a possible retracement.
*not advice
*just sharing an idea
RBLX BreakoutFrom a purely charting perspective, this is a textbook setup for a breakout to the upside. One month full of consolidation, and now the chart is painting higher lows and clearing moving averages.
Aside from a heavy supply zone @ ~$86-87, a clear break and close above that level this week should send RBLX to $100+ in the ensuing weeks.
ENJ/USDTThis analysis is for enjinecoin for the next 2-3 months.
to the avaiblable data the price will fall to the range of 1/5$ to 1/6$ and then the price will break the Resistance Line 2 and will most likely rise to Resistance Line 3 !
Overall the Enjincoin project will have a bright future ...
it will pursue new and exciting goals and it will probably be one of the top Currencies in the future ...
Please Like & Comment.
thanks.
Mega Bullish On Harmony One - Proposal To Deploy CRVI have been mega mega bullish on harmony one, there is some news today that harmony is proposing a deployment of curve finance on harmony one.
You can read through here -
gov.curve.fi
In addition to this there are several upcoming projects along with the potential for coinbase to list them and the btc bridge bugs getting worked out. We have broken the .10 area and from here there isn’t a lot of resistance overhead, because harmony is such a new project they are still being priced in by traders. We are still early, only 1 billion market cap and what better way to add more value then to add another project like CRV to harmonys ecosystem. There will be many more in the future, just based on the current ETH Fees, and sentiment toward more centralized networks like matic, harmony $one is a NO BRAINER!
Buy SonyFundamentally there was great growth in 2020 and this year.
Now I am going to list the pro and cons of this company.
Buying point:
-a lot innovation for example in gaming->VR, PS5 ; streaming-> Crunchyroll
Music (5% growth), electronics 9,4% , Imaging & Sensing over 10%
-right in a support field
-exactly at under trend line of the triangle ->since May, 21 + Oct., 20
-hit the SMA 100
-up the SMA 200
-weekly MACD indicates buying momentum
-great quarter ->bullish momentum
Selling point:
-diversification leads to some sectors with slow-to-none growth (influences negatively momentum)
-monthly MACD indicates declining of buy momentum
-weak forecast of companies like take-two
Conclusion
Starting with the fact that we have a lot more pro arguments, I am really convinced in this stock and will be watching to buy it the next week. Everything is possible from short-long term investments.
One opportunity I would consider is to go long and „ride the wave“ until the upper trend line which results in a Risk/Reward of 3,4.
MARKET ALPHA WATCHLIST - SGMSA quick update for NASDAQ:SGMS
The entire industry is experiencing a bit of steam such as NYSE:IGT but the technicals here look like it's still got some more room to run. I'm shooting for $80 and then possibly a retest as a handle for the bottom saucer we have developed.
Uuii UbisoftBuying points:
-trend line from July,15
-strong support at 51.14€
-MACD: MA lines extremely under average
-RSI: oversold
Selling points:
-all SMAs above the price
-MACD shows negative momentum
Fundamentals
-selling pressure bc of bad earnings of the gaming industry (take-two)
-seasonal summer impact -> people are more outside, fewer sales
-guidance of next earnings: meh
Conclusion
Technically the stock has a great potential to bounce back to a certain level which I think is 59-60€. So, with a tight stop loss, we are looking for a 17% return.
My strategy, in this case, is to sell the stock when it hits SMAs like 50 or 100 (main goal 100).
You could argue that the share has the chance to get to the upper downtrend line but the fundamentals do not support this theory, not in the short-mid term.
Short opportunities could arrive after we go under the trend and support line (full daily closed candle). This would become approximately 20% down to the next support line of 40€.
As all ways, I try my best to calculate the best risk/reward ratio. If you like my analysis you can follow for more quality content.
Harmony One Moon Shot NFT Gaming Metaverse Harmony one has an incredible game coming soon called outerverse using the .one domain using minerals in the game that can only be earned by staking liquidity. We have seen the explosion in NFT and Play to earn gaming, this is where harmony really shines. There will be an opportunity to stake liquidity and earn minerals soon, where I will be putting my $one in to earn minerals while we wait for the marketplace and game to come online. I believe there will be a huge demand in games like this on harmony and getting in early is key to big gains.
In a few months or maybe a year after you have made huge gains off outerverse minerals you can send me a thank you tip to my $one address 0x5ae019F7eE28612b058381f4Fea213Cc90ee88A4