NFTX potential to increase 60%-560%#NFTX/WETH
NFTX broke out long term descending resistance and yesterday broke out from falling wedge pattern that can head up price toward resistance zone after pullback.
break out from 0.046eth will increase price more to touch upper resistance levels.
gaming tokens started their rally again.
Metaverse
SAND will go for new ATH#SAND/USDT
$SAND broke out triangle and broke out another descending resistance line and confirmed it as support. now price struggle to break resistance zone between $5.3 and $5.6. successful break out from $5.9 will lead price to make a new all time high.
$MANA 4H 50MA turns from resistance to supportPrevious resistance becomes support.
As you can see on the ride up, the 4H 50 MA acted as very strong support up until RSI and MACD boiled over and there was a large correction.
On the way down, anytime MANA tried to gain some ground back it was rejected by the 4H 50MA.
Hopefully, this level holds and MANA can continue on its next leg higher.
Next Targets:
$5.05 (.786 fib)
$5.91 (1 fib)
$7.23 (1.272)
$8.03 (1.414)
$9.33 (1.618 fib)
TLM is looking YUMMMYYYSorry for giving out this a little late but I had to confirm the breakout with volume.
Easy 5 - 10 x during the next few months.
CHEERS!
FB - Corrective wave on Weekly TFThis impulsive wave on weekly time frame for almost 4 years, started on 2018 of December, requires a price correction base on Elliott wave theory.
The 38.20% to 50% and up to 61.80% Fibonacci retracement of the impulsive wave is my expected drop of price, together with the 200MA pointing upward that will serve as support level.
Supporting this idea Death Cross sign on daily time frame is below.
* Death Cross
$MANABTC Break ImminentClean break of downtrend channel, you can wait for previous resistance retest for long entry
MBOX bottomedOk, let's start this serie of analyses dedicated to metaverse and let's talk about MBOX. It's a P2E game backed by your truly Binance, meaning this will do well eventually! Max supply is 1bil and circulating supply is currently 389mil so relatively low as market cap is 461mil €. Considering binance backs this project I don't expect less than 3x from this, even because the game is already working (check this out: www.mobox.io ).
Let's talk about TA: I took the Fib retracement using the weekly chart although I'm showing you the daily chart to make it clearer so some line might look like it's out of place but it isn't. Price is currently in the best place for a reversal and to be honest it looks like it started the way up already, that yellow trendline shows as price is piercing through it. I've been buying the dip during the last days, even considering that BTC could go dip further I don't think we can go much lower, on the contrary I think price can grow a lot.
You can either DCA your entry or go all in from here, even if we dip I don't expect price to go below -20% in the WORST case scenario before going up again much more.
Good luck.
P.S.
follow me, I'll be posting new metaverse picks soon and even on twitter (nick: @shotokhan1 ) where I post screenshots of coins/tokens that aren't on tradingView
metaverse tokens ; new rally ?price is on the great support
consolidation of price is shown with triangle pattern
we see a pin bar candle and its meaning of buyers slowly appears on these levels
TP 1 and TP 2 are on the chart ...
#DrepUSDT - very strong accumulation, possible breakout patternIt looks like there has been lot of buying around this level. Drepusdt not only looks strong here, but has potential to move towards its monthly and weekly keylevel, a potential 100% upside is possible from these areas.
Few days back before market crash we were seeing that there were potential pumps, and misses. A strong retest in monthly and 10D chart has also finished.
Looking at all this, I am giving this a BUY for now.
BTC will recover and Drep will explode to new ATH levels.
MetaHERO, HEROUSDT trade with 2X opportunityHEROUSDT trade will hit 161% fib level then move up towards 262% fib after crossing partial correction period. Overall you will achieve 2X growth. I will further update new target as we will hit our first target. Stay tune.
Is the Metaverse a Hedge for Inflation? (ft. Dogecoin) A little while ago I argued that virtual estate and real estate were inversely correlated -- as seen in the Evergrande example in China where Evergrande stock and MANA coin criss-crossed each other in terms of its ROI. It's yet to be seen how this will play out in the US real estate market but it seems likely that we'll start to see similar patterns emerge as time goes on.
The US market may take longer to unravel since it's a bigger apparatus with a lot more moving parts -- talking about it in a coherent way in itself is often a challenge. But there's been a shift in tone from both DC and the media in regards to inflation in the last week, which may be a sign that things are starting to move forward.
There's basically two different scenarios that could play out in the current US economy's trajectory -- hyperinflation, or an economic slowdown brought on by the Federal Reserve after they increase interest rates significantly. (Right now the former scenario seems more likely, but that's TBD.) Either way, crypto will probably end up doing well. More details in the video itself.
Also as an aside, I also argued that Dogecoin could be an inflation hedge against the crypto market itself. We saw a weird blip this week where the coin pushed itself upwards a little bit, running counter to all of the other coins out there. Will this trend continue? We'll have to wait and see.
TECH: The Next 10 YearsWeb 3.0 is the emerging paradigm of the Semantic web, where there is no central authority or gatekeeper. Whereas Web 2.0 was propelled by advances in social networking, mobile internet access, and cloud, Web 3.0 will be defined by advances in edge computing, decentralized data networks, blockchain, AR/VR and artificial intelligence. Web 3.0 is only just coming into picture. It will serve as an extension of many elements of Web 2.0, but will also create entirely new experiences and blue ocean opportunities.
For example, developers could combine parts of applications together or entire applications to customize how they experience and benefit from products and services.
Through the use of advanced AI, Web 3.0 search engines will offer personalized results based on individual preferences and needs. For example, if an IPA drinker and a Lager fan type ‘breweries near me’ in the search bar, they will receive different results for nearby breweries based on the type of beer brewed. Of course, this also means algorithms will know more about users.
More than 50 percent of data centers in the world are currently owned by Amazon, Google, and Microsoft. In Web 3.0, decentralized cloud networks and autonomous storage units will gain traction. Individuals will host and secure applications or ‘shards’, earning income that would otherwise go to large incumbents.
In Web 3.0, identity management will devolve back to individuals. People will control their digital assets and data, as well as access to them. Centralized and federated identity providers from Web 2.0 will fade into obscurity.
The ‘Metaverse’ will emerge, enabling people to participate and engage with a variety of 3D environments, including games, marketplaces, work spaces, socializing etc. The Metaverse will combine elements of AR/VR, blockchain/digital assets, semantic web and AI.
Whereas Webs 1.0 and 2.0 were cultivated, mass adopted, and financially exploited principally in a few technology hotspots -- US, Western Europe, and APAC, Web 3.0 will be global. We are entering a ‘New Digital World’ of borderless and frictionless transactions that will touch many aspects of life -- work, commerce, socializing, entertainment, etc. More and more people will have the opportunity to participate in this new world and benefit; geography and market access will no longer be major obstacles to success. The future is bright!
Be vigilant and stay Strong As I have mentioned before, be greedy when people are scared! I think we are coming to the final end of the side way as BTC is volatile and MANA is still holding strong with strong support $2.9-$3.1. Stay strong brothers, It is the test for the new ATH soon! The rewards may come unexpectedly by Christmas!
This is not financial advice!
Fil USDTBuy area 29$ 27$ Fil Usdt web 3 coin
Upcoming trend web 3
Good project all time high 240$
In dip now
$SAND bullish above the .50 FIb$SAND could be setting up for a breakout needs to hold the 50% retracement or algos will switch to sell
10 Year Note - Support Bear Back-Test in 3DA Market Metaverse - Vix remains above 20 with NQ1! finding resistance at the 16400-16450 zone for the 13th time on the 2h since November 23rd. The Fixed Range Volume Profile (11/23 - 12/16) - Point of Control (POC) is 16286, 2.54% above the current price. The 10Y bond back-tested, bear, the 1.43 support break.
MATIC to $5 by the next quarter of 2022? Matic at this current price is so underrated! Huge potential and so much utility.
A parabolic move is expected, accumulate more MATIC and HODL for +130% gains.
Do your own research.
Gala Games gala/usdt Gala Looking for its next move to the upside. Daily Time frame is showing a Bullish pennant . Await the breakout before entering a trade or look for an entry on a lower timeframe with clear invalidation level for your stop. My Target will be just below the $1.20 price level. This seems to be a really solid project and will do very well longterm. As always DYOR
Slp longslp ....It is at the support point and is currently in a downtrend channel , and if it is supported, we can see a much higher horizon from it, and if it has a price drop, it will eventually return to .4$
SLP Extremely underrated metaverse TOKEN!!!!!SLP is one the most underrated in the metaverse world.
This token belongs to Axie infinity game:
Smooth Love Potion (SLP) tokens are earned by playing the Axie Infinity game. This digital asset serves a replacement for experience points.
SLP are ERC-20 tokens, and they can be used to breed new digital pets that are known as Axies. The cost of breeding begins at 100 SLP but increases gradually — rising to 200 SLP for the second breed, 300 for the third, 500 for the fourth, 800 for the fifth and 1,300 for the sixth. Axies can be bred a maximum of seven times, and the seventh breed costs 2,100 SLP. This limit exists in order to prevent hyperinflation in the marketplace
0.06 was big support for SLP which it lost it but still it has strong potential to fly to the moon!!
Its on 1.6 Support of Fib Retracement on the wave I specified on the chart and it has also support from from trend-base Fib. This is very possible area for reversal.
We have also been in oversold area for a while.
I draw 2 possible scenarios for SLP.
Entry: 0.03-0.04
Targets:
1) 0.063
2) 0.08
3) 0.010
4) 0.15
5) 0.20
6) 0.30
7) 0.040
8) 0.050
SL: Close daily below 0.028
I believe it will hit all 8 targets even more.
FB Meta Platforms: Upside PotentialHello friends, today you can review the technical analysis on a 1D linear scale chart for Meta Platforms, Inc. (FB).
1) The price is currently in a Double Bottom Pattern with the potential of coming to a breakout area.
2) If price breaks out of the Double Bottom Pattern, it would move back inside a Parallel Channel it has been respecting since February 2020. It fell out of the channel in early October 2021 and has tried to regain access back into the channel.
3) The Volume is consistent.
4) The RSI (relative strength index) has a resistance line which the RSI is coming close to.
5) If price reaches the Double Bottom Pattern target, it would be a 20% upside move.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
As the year is coming to an end and holidays are almost here. I want to wish my friends Happy Holidays and ready for an exciting 2022! What are your thoughts for the coming year?
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
