IDEAOLOGY Great buy opportunity for +50% profit above 1D MA50
IDEAUSDT is showing lately signs of forming a market bottom. There is a good opportunity which under the right set of technicals and fundamentals can deliver +50% return. Let's break down today's IDEA analysis to the Technical and Fundamental parts.
** Technical Analysis **
The price is so far respecting the 6 month Support level of 0.0976, which is holding since the July 21 2021 market Low. The RSI sequences between now and then are similar, both showing that accumulation process took place on that Support. On July 29, when the 1D MA50 broke (blue trend-line), the price instantly jumped and reached the 1D MA100 (green trend-line) and the 0.382 Fibonacci retracement level. If you are looking for a short-term trade opportunity, I would suggest waiting for the 1D MA50 to break and buy, aiming at the 1D MA100 and the 0.382 Fibonacci retracement level at 0.2238. That would be at least a +50% return on investment. If on the other hand you view IDEALOGY as a long-term investment like me, the current levels are low enough for a buy and hold.
** Fundamental Analysis **
Such a move definitely would require strong fundamentals behind and what better boost than the late news regarding the World Of Cryptoids IDO sale on Ideaology.
In more detail, World of Cryptoids is building a massively multiplayer online game. A pokemon inspired metaverse world where players can breed, own, and monetize their Cryptoids using a variety of blockchain based tokens.
CAC will be the primary governance token and the game has been designed around being a sustainable Play to Earn blockchain game (sP2E). By fighting against other Cryptoids, players can earn token rewards and later on build their own Kingdom throughout the Land play ecosystem. World of Cryptoids gameplay is designed around a sustainable economy allowing players to invest in the game and receive sustainable rewards over a long period of time.
The game will feature a whole host of new experiences including breeding, land battles, Adventure mode(PvE), and Arena mode(PvP). With all these game modes in mind, a significant amount of traction is expected to be built up in the first few months with a very healthy game economy developed. World of Cryptoids will bring blockchain gaming into the mainstream mobile and browser gaming ecosystem by offering the advantages of NFT and cryptocurrency ownership.
The game is already live, and theCAC tokens can help you breed your Cryptoids and make new ones, as well as buy Cryptoids and CrypEggs on the marketplace.
CAC is a functional token which will be used in a variety of ways including the incentives to contribute to the ecosystem and a variety of other means.
You can find a great deal on information about it on Ideaology's twitter page.
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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** Technical Analysis **
The price is so far respecting the 6 month Support level of 0.0976, which is holding since the July 21 2021 market Low. The RSI sequences between now and then are similar, both showing that accumulation process took place on that Support. On July 29, when the 1D MA50 broke (blue trend-line), the price instantly jumped and reached the 1D MA100 (green trend-line) and the 0.382 Fibonacci retracement level. If you are looking for a short-term trade opportunity, I would suggest waiting for the 1D MA50 to break and buy, aiming at the 1D MA100 and the 0.382 Fibonacci retracement level at 0.2238. That would be at least a +50% return on investment. If on the other hand you view IDEALOGY as a long-term investment like me, the current levels are low enough for a buy and hold.
** Fundamental Analysis **
Such a move definitely would require strong fundamentals behind and what better boost than the late news regarding the World Of Cryptoids IDO sale on Ideaology.
In more detail, World of Cryptoids is building a massively multiplayer online game. A pokemon inspired metaverse world where players can breed, own, and monetize their Cryptoids using a variety of blockchain based tokens.
CAC will be the primary governance token and the game has been designed around being a sustainable Play to Earn blockchain game (sP2E). By fighting against other Cryptoids, players can earn token rewards and later on build their own Kingdom throughout the Land play ecosystem. World of Cryptoids gameplay is designed around a sustainable economy allowing players to invest in the game and receive sustainable rewards over a long period of time.The game will feature a whole host of new experiences including breeding, land battles, Adventure mode(PvE), and Arena mode(PvP). With all these game modes in mind, a significant amount of traction is expected to be built up in the first few months with a very healthy game economy developed. World of Cryptoids will bring blockchain gaming into the mainstream mobile and browser gaming ecosystem by offering the advantages of NFT and cryptocurrency ownership.
The game is already live, and the
CAC tokens can help you breed your Cryptoids and make new ones, as well as buy Cryptoids and CrypEggs on the marketplace.CAC is a functional token which will be used in a variety of ways including the incentives to contribute to the ecosystem and a variety of other means.You can find a great deal on information about it on Ideaology's twitter page.
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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