🏂GEMHUNTING #2: The Crypto Prophecies: 200EMA/dynamic support
Welcome to the second episode of my #GEMHUNTING series where I look for micro-cap coins with both good looking chart & fundamentals.
The chart looks good. Although the price broke above horizonal resistance and did not manage to hold above this area, it came back down and entered the zone of strong support confluence. Major support (green) is also close, but has not been touched yet. It seems like the price may have formed an ascending wedge, but it's gonna take a while until we see a potential squeeze. The upper trendline of the formation is also over 300% away so that's good enough.
I went over their website, whitepaper and everything looks good. The game is being constantly developed, the devs are posting a lot of updates and interact with community. The game runs on Polygon(MATIC)
Current market cap: $13,960,588
Let's compare The Crypto Prophecies to a similar project with much bigger market cap:
"If The Crypto Prophecies had Axie Infinity's market cap of 8.7B, 1 TCP would be worth $107.32, an upside of 614x" // Source: coinperspective
Targets:
0.20
0.25
0.2754 (local level)
0.31
0.39
0.45
0.55
ATH+
-- if things go right possible long-term hodl with no specific targets --
-----------------------
About TCP:
The Crypto Prophecies is a decentralised peer-to-peer price prediction game that uses NFT characters called Crypto Prophets.
Place your wager and go head-to-head with other players to battle it out over the candles, predicting how each one will close. It’s a real-time points based game and it’s against the clock, so be quick with your predictions and watch out for your opponents magic spells!
Source: morioh
The chart looks good. Although the price broke above horizonal resistance and did not manage to hold above this area, it came back down and entered the zone of strong support confluence. Major support (green) is also close, but has not been touched yet. It seems like the price may have formed an ascending wedge, but it's gonna take a while until we see a potential squeeze. The upper trendline of the formation is also over 300% away so that's good enough.
I went over their website, whitepaper and everything looks good. The game is being constantly developed, the devs are posting a lot of updates and interact with community. The game runs on Polygon(MATIC)
Current market cap: $13,960,588
Let's compare The Crypto Prophecies to a similar project with much bigger market cap:
"If The Crypto Prophecies had Axie Infinity's market cap of 8.7B, 1 TCP would be worth $107.32, an upside of 614x" // Source: coinperspective
Targets:
0.20
0.25
0.2754 (local level)
0.31
0.39
0.45
0.55
ATH+
-- if things go right possible long-term hodl with no specific targets --
-----------------------
About TCP:
The Crypto Prophecies is a decentralised peer-to-peer price prediction game that uses NFT characters called Crypto Prophets.
Place your wager and go head-to-head with other players to battle it out over the candles, predicting how each one will close. It’s a real-time points based game and it’s against the clock, so be quick with your predictions and watch out for your opponents magic spells!
Source: morioh
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