Cryowar retests the 3$ support. Beta launch around the corner
Intro:
- Cryowar is one of the most promising new play to earn game on the Solana blockchain.
- Cryowar started trading on CEX and DEX at the same time.
- Check out their twitter account and their webpage, the progress looks really promising. Cryowar works together with unreal engine which famous for its great graphics engine.
- Cryowar got listed on another DEX since last post.
Hourly chart:
- Price takes a breather and retests the 3$ line again for support.
- Volume starts to drop which confirms the current downwards movement of the price.
- RSI analysis shows that we stay below the yellow line. We are not now at a nice level for an upwards breakout.
- Moving Average: The 20MA did not act as support.
- Support lines are at 1.3$, 2.3$ and, 2.9$.
- Resistance lines are at 3.7$, 4.1$ and 4.7$.
Expectation:
- Cryowar took a heavy hit during it's listing day but did a great job in recovery.
- The webpage and sneak peaks look very promising as well as the growing community.
- The beta launch of the game is around the corner and will happen this month which possibly has a positive effect on price.
- End of the year prediction: We will see a 9$+ Cryowar before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
- Cryowar is one of the most promising new play to earn game on the Solana blockchain.
- Cryowar started trading on CEX and DEX at the same time.
- Check out their twitter account and their webpage, the progress looks really promising. Cryowar works together with unreal engine which famous for its great graphics engine.
- Cryowar got listed on another DEX since last post.
Hourly chart:
- Price takes a breather and retests the 3$ line again for support.
- Volume starts to drop which confirms the current downwards movement of the price.
- RSI analysis shows that we stay below the yellow line. We are not now at a nice level for an upwards breakout.
- Moving Average: The 20MA did not act as support.
- Support lines are at 1.3$, 2.3$ and, 2.9$.
- Resistance lines are at 3.7$, 4.1$ and 4.7$.
Expectation:
- Cryowar took a heavy hit during it's listing day but did a great job in recovery.
- The webpage and sneak peaks look very promising as well as the growing community.
- The beta launch of the game is around the corner and will happen this month which possibly has a positive effect on price.
- End of the year prediction: We will see a 9$+ Cryowar before the end of 2021.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
If you like the content, please like, comment and give this channel a follow.
We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Specials:
- Boxes represent either entry zone or support zone . Check the description.
- Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
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