EA - Bullish UPDATEHey guys. Been keeping my eyes on EA, as im currently trading it. Thought id do another update. Do check out my other charts on EA to see what ive been seeing last couple of weeks.
So just a quick update.
This is on the daily chart. But it seems to me like we are starting the bullish divergence move to the upside.
TOdays daily candle close will give a nicer picture on whats to come. But as of now, 2 hours before closing time -> We have ourselfs a BULLISH ENGULFING CANDLE. This would be amazing to close like this out of the downward sloping channel i have drawn out.
Just a heads up we may even test support on the upper trend line of the downward channel i drew. So we still have time to buy positions.
Stop loss would be below the lower Red horizontal support line. Around the $108.00 levels. A 5-6% risk is the max im willing to take.
SO im looking at the red resistance line above us, as my first target.
My next target would be the MACRO .618 fib level (check out my other charts to see the level)
AND ill hold a little bit of my bag to see if the GAP we have fills.
I will be adding more to my position today and or tomorrow.
Hope this helps. PLease comment, boost and follow me for more ideas like this and a place where we I talk TA. Check out my other analysis on EA to get more information.
Disclaimer: This is not financial advice. The ideas expressed here are my opinion and a place to express TA to grow my understanding. Always make sure you have your own strategies in place when trading and that you protect yourself with stop losses.
Gaming
EA - Bullish candlestick pattern?Hi guys. Heres another update on EA. Since im in this trade, i will constantly give updates when i see a development occuring.
This is going to be on our current price action that occured on friday.
This is on the daily timeframe.
So we ended up breaking below the downsloping trend channel and major resistance red horizontal line.
Note: If we confirm below this, it means the trend has changed, we will most likely drop in price further. The red horizontal line will act as resistance causing the push down in price, alng with the lower end of this downsloping channel.
However note, there is only 1 candle below this. SO technically this has not yet confirmed a breakdown from this.
We must have patience. AS far as im concerned this trade is still in play.
ALSO note, the candle pattern. I believe, correct me if im wrong. This is a SOUTHERN DOJI. Normally when this appears its known to be a BULLISH reversal pattern. But it is also noted by many experts that dojis can lose their potency in a decline. So its not a stand alone candle pattern to be used. Therefore, we need to see what plays out next week, and what the next couple of candles print.
Ideally we would like to go above the red horizontal line and lower end of downward trend channel. I would also like to see big bodied candles to close above the mentioned lines.
Hope this helps. Please comment, boost and follow if you like this content.
I will continue to update.
ALso check out my other EA charts, posted below.
Disclaimer: The ideas expressed are my own opinion. This is not financial advice.
CELT: $0.004 | Social Finance + Gaming = WINNER a good platform project and concept
just right when Hongkong China leaglize crypto in June 2023
could be an ideal take over or acquisition of TENCENT
considering it likes to corner the gaming scene since it cornered the iCQ payment generation
impressive handler
kows how to shake out weak hands
and allocated to mid to long term SPECULATORS who want to get volume
for now London Summit Feb 28 is digesting the future of this animal
Electronic Arts: Pushing the Right Buttons 🎮Electronic Arts has been pushing the right buttons and has made fine use of our pink trend channel, finishing waves (a) till (e) in violet. Indeed, the course has already made further progress, touching at the support at $109.27. Next, the share should gain even more downwards momentum and drop below this mark to complete wave B in turquoise. Afterwards, we expect Electronic Arts to climb above the resistance at $150.30 to conclude wave C in turquoise as well as wave (B) in red. Subsequently, the course should start a long journey to the south, falling back below $150.30 and below the supports at $109.27 and at $73.91. There, it should enter the green zone between $64.44 and $40.83 to finish wave 2 in green before turning upwards again.
TOWN pumping. Metacoin related to GALA and co-founder of ZyngaTOWN is moving well even when the market had a pullback
Triangle breakouts are a standard chart pattern and can result in strong pushes up when they break out
TOWN Is related to GALA and the co-founder of Zynga is behind both
TOWN is only listed on a small number of exchanges with OkEx being the largest.
This is a chance to get in early on a Metacoin instead of coming in late after it has gone up 1000% and pumps like crazy as it moved on to more exchanges
This coin is so new that I had to zoom all the way in to 30 minute time unit to see some detail.
Get in now while its just a baby and hold on tight for mega growth
SLP: $0.11 | DRAWDOWN for 10x payoutLike Bitcoin when it was at $1100 the rise of miners and amazing demand for mining rigs led to the depression of price back to $200
as big and small miners cashed in FREE COiNS from simply running a PC or FARM 24/7
--
so do AXiE armies cashing in hoarded SLPS together by early PLAYERS
FiNA $0.035 a different kind of Play to Earn with a Misisona game an NFT a defi
that lets gamers from newbie to pros
monetize skills thru assets earned collected over time
impressive COMMUNiTY Manager
Active participants
Price wise.. depressed ARTiFICiALLY
for gaming season to reward current investors
and redeem former iCO debut Placements
SUNCITY: HK$1.75 | Swap Place SUN: ₱1.20 | HK$0.17 | Dressing UpSUN aka BW of Stan Ho with minimal holdings under Dr. Andrew Tan of AGI
ventures into Gaming and Leisure Resorts in addition to RWM Travelers under management
through formerly owned firm of Stan Ho Suncity Hk..
-
window Dressing for Big moves of SUN: ₱1.20 towards ₱10.0 with cap fwd at ₱23bn
SUNCITY HK should break to fresh highs at 2.01 for better AWARENESS
EA - A long play for the short termHi Guys, been trading quite frequently recently. Thought id post this to help with my education. :) This is strictly for educational purposes and by no means financial advice.
But as a gamer myself and having familiarity with this stick. Thought id post this potential trade. (Which i am currently in) This is strictly TA based.
So this is on the 8 hour timeframe. But i took this trade because the daily is oversold as well on many metrics i utilize which ill discuss here.
So as you can see the price had a major engulfing candle down to the level of .5 fib retracement that incorporates price action since July 2018, highlighting this long term sideways action. Price action is now starting to move above. Indicating buying pressure at this level. (indicated by the lime green line)
It also reached near this support red line that has been support since roughly April 2020.
Also notice the green box highlighting the red engulfing candle, this refers to the GAP in the daily, that i believe we will trace back up to.
Indicators:
Now notice the RSI, is oversold, forming bullish divergence with price. (its also oversold on the daily)
Now the next 3 are momentum indicators:
MACD showing signs of increased bullish momentum.
ADX showing bearish momentum, i would wait for a cross of the green line but since im treating this trade as a swing trade, i went ahead and opened positions. Since my MACD , STOCH are nearing end of bearish momentum and RSI is oversold.
Stoch RSI also close to crossing over the 20 level which indicates bullish momentum picking up.
Overall my target here is around $128. My stop is below the RED SUPPORT LINE.
Hope this was insightful. Let me know if yall are in this trade too and if so what your seeing! Lets discuss TA :D.
****Again this is not financial advice and remember to use stop losses when trading.
Thanks.
Saf
MSGM 1000% UP • Motorsport Games Inc (NASDAQ: MSGM) is up more than 1000% in the last three days.
• The company announced yesterday that it has received a positive note from Nasdaq Stock Market LLC, informing the public that it has regained full compliance with the exchange’s listing rules.
• Today, February 1st, company announced that it has entered into a definitive agreement for the issuance and sale of 183,020 shares at the price of $21.40 per share. That is expected to give the company $4 million in proceeds for game development and working capital.
$TLM - 4X Potential - Low Cap P2E Alien Worlds is a simulated economy where players compete using NFTs. In the metaverse, economic competition and collaboration are encouraged and promoted between players – which would be done by incentivizing players to compete for the scarce resource, Trilium (TLM).
TLM is required to control competing Decentralized Autonomous Organisations (known as ‘Planet DAOs’) and gain access to further gameplay. Thus, thriving on both incentive and competitive mechanisms, Planet DAOs and players compete for TLM – leading to intense competition and collaboration between stakeholders.
Competitors : $MANA $SAND $AXS
Technicals:
Close above 200D MA &
Flip S/R around 0.025 then it's getting
SENT.
Support Levels - 0.02010 , 0.01665
Next Resistance - 0.028 , 0.041, 0.067
$MANA/USDT 12h (#Bybit) Rising wedge breakdown and retestDecentraland looks locally topped here and seems likely to retrace down to 200MA / ascending TL support.
⚡️⚡️ #MANA/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.3X)
Amount: 6.5%
Current Price:
0.6955
Entry Zone:
0.6975 - 0.7465
Take-Profit Targets:
1) 0.6070
2) 0.5205
3) 0.4340
Stop Targets:
1) 0.8180
Published By: @Zblaba
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +36.6% | +64.2% | +91.7%
Possible Loss= -30.6%
Estimated Gain-time= 3-4 weeks
Website: decentraland.org
PYR vulcanversethis is a promising project as the ATH ar well over 10x and they have built alot since that time with all that aside the charts show us that 5.19 is a signifigant area everytime the market was in an uptrend last year aug and nov First though we need to break 4.00 and leave it behind there are some other rough patches along the way i have marked them 4.29 and 4.70 If you have any input on pyr news or partnerships please share here or on twitter.
$KATA potential for a 10x$KATA team has been keeping to their road map and meeting goals.
The narrative is strong. Gaming/NFTs
From what I know, it's currently sitting near the pre-sale price which means you're not paying VCs to get in. If they wanted out, they are already out. Anyone left is dedicated to this project.
It's worth the downside risk to play this given the upside. Really just needs to word to spread to generate a mind blowing move to the upside.
dexscreener.com
--------------------
Katana Inu is a play2earn metaverse NFT-Game in an interactive openworld - All skins and weapons are NFTs. A project that focuses on driving Gaming & NFT crypto innovation through its innovative game offerings with auto staking in in-game reward method. In our game the players can fight for NFTs which will be airdroped in the game, and can be sold at the marketplace or the player can wear it in the game. The best players in the game per round will earn rewards.
Katana Inu is one of its own kind project using Defi protocols to provide its users with the best gaming experience in the blockchain space with its PC-Graphics game which is an open world Battle royal with NFTs.
Katana Inu game, all in-game items will be NFTs it will be, play2earn with free2play for all in an open world map team vs team or 1 vs all to increase the awareness of the NFTs around the world.
Katana Inu also Provide its user's an NFT-marketplace on layer 2 solutions on Eth which allows artist from around the world to mint their NFTs with 0% of the Gas fee.
Katana Inu will also allow other games to integrate with its NFT-Marketplace and use NFTs as their in-game items.
Katana Inu also use Defi protocols to allow its users with high Apy with its staking mainnet.
Might ApeCoin (APE) suddenly pump the same way as AXS did ?ApeCoin (APE) potential growth projection
Gaming and AI is now the new trend.
ApeCoin (APE) Fibonacci projection in 1D timeframe shows mid term potential growth.
Question remains will it show same type of instant boost as AXS did from 5 to 14 within few days only.
ApeCoin (APE) and Axie Infinity ( AXS ) are two my favourites for trading. AXS is not so hype project as the newer APE but has shown lately very nice boost. These two tend to move together, always one first and another soon after.
Gaming is certainly one to look into and APE is certainly very promising one.
In case the bull market lasts this scenario is only question of time, might happen suddenly. I would expect first a correction but a lot depends of the Bitcoin move and the money flow into the industry and macro economics.
APE is one of my favourite for trading in futures , high leverage can be applied easily, a bit slow but quite trustworthy in it's movement.
Good Luck!
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SUPER, SUPERFARM LONG, RETEST (W) BREAKSo many interesting trading opportunities right now. A market pull back will probably take SUPER to the "FIB-area" between 0.5 and 0.618. That's exactly where I put my red line in the chart. I think this one could turn out to be a big one in the long run - non financial advice!
CD Projket Red to 1500 dollarsIf there is one place i will be putting a chunk of my portfilo in studio right here.
For anyone that doesn't know this studio created video games based on the witcher series and also developed cyberpunk 2077 that released in 2020 when the stock was at all time high at 458 dollars.
To think this stock is 80% down is mad , CD projket red have began a partnership with epic games and the Witcher 4 is already in production on the new unreal 5 engine ,this one is a no brainer.