is ENJIN prepared for $28?crab harmonic pattern:
X=$219
AB=0.38 XA
BC=0.88 AB
1.6 BC=$3.8
0.61 XA=$5.5
2 BC=$13
0.78 XA=$27.8
2.24 BC=$28.34
0.88 XA=$73
2.6 BC=$96
1.13 XA=$769
3.6 BC=$2417
1.27 XA=$3029
1.41 XA=$11480
4.23 BC=$17760
1.6 XA=$85526
Gaming
Razer: A Current 57% Discount to FVRazer is riding this long-term channel nicely. Hopefully, we can break through the current pennant and head back towards the top. The recent annual earnings report has reassured my confidence in Razer's long-term growth.
~ They reported 25-45% growth in each portion of Razer's gaming ecosystem in FY2021: software, hardware, and monetization/payments.
~ GPM expansion led by higher margins within the hardware business, showing that demand is steady even with price increases. Higher margins = more earnings left over for shareholders and business augmentation.
~ The PV of cash flow estimates for the next ten years and terminal value has increased since Razer released their FY 2021 earnings, raising the FV to $0.74/share and offering a ~57% discount when observing the current price. Only time will tell if this valuation calculation is justified.
Fantastic entry point for Verasity. 300% to ATH 🐱🏍Verasity (VRA) is a protocol and product layer platform for esports and video entertainment.
Total market cap is around 100 million.
The 3day chart shows a strong sign of recovery and can be taken as a future outlook of the weekly.
Bullish stuff:
We did find a strong support around 0.02$.
Currently it looks like we get a W shaped recovery which is one of the more reliable patterns.
The RSI shows a strong healthy rise.
Trading volume is increasing even during the price drop. This is a good sign for an upcoming recovery.
Bearish stuff:
We did not create higher highs yet and are in a consolidation phase during a down trend.
Technically we are still not above the bull market support band consisting of the 20 week SMA and 21 week EMA .
As a middle cap altcoin VRA heavily depends on the health of Bitcoin and Bitcoin did not break the bull market support band yet.
VRA keeps integrating and developing.
Check their Roadmap for 2022 on their official website.
A 1 billion market cap seems not out of the cards which is a 10x from here.
It could take some weeks but we believe that VRA will rise again.
Feel free to comment or ask anything you like.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
Ctumblery
$APE/USDT 1h (#BinanceFutures) Rising wedge breakdownApeCoin looks ready for a local retracement down here after being rejected on supply zone.
Current Price= 13.442
Sell Entry= 13.757 - 14.359
Take Profit= 12.406 | 11.300 | 10.195
Stop Loss= 15.440
Risk/Reward= 1:1.2 | 1:2 | 1:2.8
Expected Profit= +23.50% | +39.24% | +54.96%
Possible Loss= -19.66%
Fib. Retracement= 0.382 | 0.618 | 0.883
Margin Leverage= 2x
Estimated Gain-time= 5 days
Tags: #APE #APEUSDT #NFT #Metaverse #Gaming #Creation #Web3 #DAO #Governance #DeFi
Website: apecoin.com
Contract:
#ERC20 0x4d224452801aced8b2f0aebe155379bb5d594381
Is Facebook ready to buy a major gaming stock?Facebook’s transition into Meta Platforms (NASDAQ:FB) and Mark Zuckerberg’s big push into the metaverse — the concept of a shared 3D virtual platform where people can socialize, work, and play — spurred a sector-wide move by tech companies to branch out into other areas like gaming.
The burgeoning gaming industry has transformed into a $198.4 billion sector in 2021, far exceeding the combined market size of the box office and the music industry, according to market research firm Mordor Intelligence.
Meta and VR gaming
Even before Meta announced its push into the metaverse in October 2021, the social media behemoth has built a presence in the gaming market with its acquisition of virtual reality company Oculus in 2014. Meta’s foray into the metaverse would make its Oculus VR headsets more appealing to the market amid strong competition against other VR headsets in the market like HTC’s (TPE:2498) HTC Vive and Sony’s (NYSE:SONY) PlayStation VR.
A sharper focus on gaming would encourage Facebook to double down on its investments in the gaming sector far beyond hardware and building a metaverse. The company, which also owns Instagram and WhatsApp, could soon build an army of tech talents that specialize in gaming.
Meta gobbles up gaming studios
In the months before it rebranded into Meta, Facebook went on an acquisition spree buying small gaming studios. Among its most recent acquisitions in the gaming space are studios Ready at Dawn, Unit 2 Games, VR firm BigBox VR, Downpour Interactive and Sanzaru Games.
However, Meta has yet to spend billions of dollars on a gaming company since its acquisition of Oculus in 2014 for $2 billion, raising the prospect of a potential acquisition of a larger gaming studio similar to recent moves by Sony, Microsoft (NASDAQ:MSFT) and Grand Theft Auto publisher Take-Two Interactive (NASDAQ:TTWO).
Multi-billion gaming deals
Three multi-billion dollar gaming deals welcomed the year in January, starting with Take-Two’s plans to buy mobile video game company Zynga for $12.7 billion, which was thought to be the gaming industry’s biggest acquisition on record until Microsoft announced that it is buying Activision Blizzard (NASDAQ:ATVI), the studio behind the Warcraft, Diablo, Overwatch and Call of Duty franchises, for $68.7 billion in cash.
Microsoft said the deal would make it the world’s third-largest gaming company in terms of revenue behind Tencent (HKG:0700) and Sony. Two weeks later, Sony said it is buying Bungie, the video game developer behind the Destiny and Halo franchises, for $3.6 billion.
Which gaming studio is Facebook eyeing?
With Meta’s intentions to promote the metaverse concept, industry watchers are now waiting for the company’s next big move. Meta will likely look to gobble up a gaming studio with a massive presence in the market such as France’s Ubisoft (OTCMKTS:UBSFY), the developer behind Assassin's Creed and Prince of Persia. Ubisoft CEO Yves Guillemot last month hinted that it is open to offers from companies.
Roblox (NYSE:RBLX), Playtika Holding (NASDAQ:PLTK) and Super League Gaming (NASDAQ:SLGG) are also likely targets if Meta chooses to snap up the bargains on these companies after their shares tumbled to near record lows recently.
In June 2021, Meta bought Unit 2 Games, the studio behind Roblox-like gaming platform Crayta.
SLP 3 day chart still in consolidation boxSMOOTH LOVE POTION (SLP)
updated 03-19-22
3 day chart...its gaining some legs
as well as some nice volume...lets keep
an eye on this Axie Infinity little bother
token.... prices and resistance listed. ITS continuing
to stay and close inside the consolidation purple box.
$AVAX/USDT 4h (#BinanceFutures) Rising wedge breakdown & retestAvalanche lost 100EMA support and is pulling back to it, probably before retracing down again.
Current Price= 79.44
Sell Entry= 79.54 - 82.21
Take Profit= 71.56 | 66.50 | 59.72
Stop Loss= 88.07
Risk/Reward= 1:1.29 | 1:2 | 1:2.94
Expected Profit= +23.02% | +35.54% | +52.30%
Possible Loss= -17.80%
Fib. Retracement= 0.618 | 0.883 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Tags: #AVAX #AVAXUSDT #AvaxNetwork #AvaLabs #PoS #SC #DApp #DeFi #BSC #Gaming $WAVAX
Websites: avax.network avalabs.org
Contracts:
#Mainnet
#BEP20 0x1ce0c2827e2ef14d5c4f29a091d735a204794041
#AVAXC 0xb31f66aa3c1e785363f0875a1b74e27b85fd66c7
hidden crab?crab harmonic pattern:
X=$16.4
AB=0.61 XA
BC=0.38 AB
1.6 BC=$2.79
0.78 XA=$3.23
2 BC=$5.6
0.88 XA=$6.91
2.24 BC=$8.66
2.6 BC=$17.24
1.13 XA=$43.9
3.6 BC=$106.5
4.23 BC=$328
1.6 XA=$1776
SandBox in the beginning of the 3rd wavecrab harmonic pattern:
X=$4.87
AB=0.38 XA
BC=0.38 AB
*1.6 BC=$0.197
2 BC=$0.31
2.24 BC=$0.41
*2.6 BC=$0.64
0.78 XA=$1.24
*3.6 BC=$2.12
0.88 XA=$2.36
4.23 BC=$4.43
1.13 XA=$11.13
1.27 XA=$27.47
1.41 XA=$66
6.85 BC=$98.9
*1.6 XA=$248
Lets take a here a good risk value ratio I see here the end of the down trend
The copany is still in profits and future games and Witcher movies
the is a gap if 60% from all time high
and a Pe of 15 for a gaming stock
Lets take a here a good risk value ratio
SAND : GREAT PROJECT BUT NO ENTRY POINT FOR ME RIGHT NOW HEYY it's me again i hope you're doing great for today's analysis i want to let you know that the sand is a good project i am absolutely a big fan of it and il waiting with patince for the best entry point . as you can see in the chart i used the fib retracement to see how much did it lost from the las uptrend rally . and as you can see it lost already 60% of it's price but the thing im curious about and that made me really suspicious is that the price is aiming for a new lower low to complete the wave and cosnolidate a little bit then go for a new all time high not to mention that the RSI is showing an absolute downtrend until it reaches the areas of 20 or below then you can acces the trade carrefully don't buy with 100% of your capital . always buy on stages and trade on your own responsability . thank you and im all ears .
$KLAY/USDT 4h (#BinanceFutures) Symmetrical triangle on supportKlaytn is pulling back to 200MA where we expect it to bounce and resume bullish, risky but probably worth it!
Current Price= 1.2430
Buy Entry = 1.2424 - 1.2214
Take Profit= 1.2982 | 1.3572 | 1.4242
Stop Loss= 1.1789
Risk/Reward= 1:1.25 | 1:2.36 | 1:3.63
Expected Profit= +21.52% | +40.68% | +62.44%
Possible Loss= -17.20%
Fib. Retracement= 0.618 | 1 | 1.414
Margin Leverage= 4x
Estimated Gain-time= 3 weeks
Tags: #KLAY #KLAYUSDT #Blockchain #Scaling #Metaverse #Gaming #Enterprise #EVM #DApp #Governance
Website: www.klaytn.foundation
Contract:
#Mainnet
Possible long on AxieWe will likely see the volatility spike on $AXS as it is bouncing off the long-term support level and the major descending trendline is pretty close to the price right now. In case of the breakout through the trendline - bullish movement in expected to continue and reach the resistance level at 112$
RFOX - Great support level retest, I'm getting in.Foxy retested the bottom at 0.051, RSI is okay, MACD looking pretty and the graph hasn't gone below bollingers bands but! still Bitcoin has a lot to prove weather it's finally bullish or going past double bottom...yeah. For all that, I think it's a safe bet and worth getting into red fox now in case it skyrockets;)
Good luck :)
Adam
Entry: range 0.052-0.056
StopLoss: anything below 0.051
Takeprofit: yellow triangles shown on graph
After reaching TP1 I'm moving stoploss to break-even.
*not a financial advice blabla
Decentraland is coming to a vital demand zone!!! MANA!Decentraland - On the weekly chart we have a confirmed trend to the downside. Making lower lows and lower highs.
On the daily chart we are trending up making higher highs and high lowers. We have a liquidity void @ $3.66 that needs to be filled. We have a little demand zone that price action could react at the $2.60 region to push up. If this fails and we go $2.43 we are going to the downside. I expect a push up start of the week next week to fill the void above. However this could just be a liquidity grab to the downside.
If we can break above $4.oo the bulls have gained control on the higher time frame.
Most alts are coming to a vital demand zones that need hold or more downside is coming. The next week is going to be a vital candle in the direction we are going.
Verasity VRA looking like it's bull flag has held! Verasity, do some research, Huge potentialnin the Crypto Gaming Arena, the Twitch of crypto gaming
Mines of Dalarnia (DAR) - Scalping and day trading heavenCrypto Gaming is the future and the next big thing in crypto. For the non connoisseurs, the world gaming industry is larger than the movie and music industry combined. Now use that easily verifiable metric and apply it to the baby version of gaming inside crypto. Where do you think it will go ?
Mines of Dalarnia is a relatively new game in the crypto world. However, its token DAR is one of the strongest cryptocurrencies you will see today and for quite some time after.
Study the chart and use it as you may. It's predictable, it's stable in comparison with BTC dips, it follows BTC pumps, yes it often goes against it.
Further more, Mines of Dalarnia is about to release version 2 of their game within the month of March. The overall community of DAR is 100% bullish on DAR and this is the right moment to join the Mines of Dalarnia train.
possible HS on EFII love EFI token, will it moon? no idea
but Microsoft just bough the worlds second biggest game company,
Microsoft work with ENJIN
ENJIN launched EFI efinity
and it's a gaming NFT blockchain..
I'm buying loads of it
DYOR
PYRUSDT Bullish patternPYR looks very good here for a potential %70 play and $23.5 for log term target, it depends on BTC move.
head and shoulders on daily time frame , targets on chart.
SL 1d close below $11.300 .
the uptrend line from 22 jun 21 can be SL as well or 1d close below $10.500 .
NOT FINANCIAL ADVICE.
Food for fractal lovers: UNIX following SUSHIs beginningsThis is simply food for thought:
I've been tracking UNIX for a couple of weeks now and since the beginning it has remind me of sushis first moves. On top you see a segment of SUSHI/BTC beginnings. It´s been following the same moves for the last couple of weeks and the rise of today, despite a red market, just simply gave me the confidence to show it to you.
Let me know what you think about it!
Happy weekend trading to you all!
graphics cards still selling (NVDA)i dont anticipate the trade in semiconductors to slow down, and i think graphics cards are a safe bet to deliver value over time. nvda is expediencing somewhat of a turn around while the nasdaq lets up pressure. nvda should benefit from risk asset inflows.
MGM Q4 earnings and revenue exceeded analyst expectationsThis stock has more than doubled since my first call:
and now the American Gaming Association estimates that $7.6 billion will be spent in wagers on this year`s Super Bowl!
That`s 78% higher than 2021.
The record breaking year could mean a record price for MGM stock as well, now that MGM Resorts International is seeking more international exposure as well.
MGM Q4 2021 Earnings:
Adjusted EPS $0.12 vs $0.02 expected
Revenue $3.1B vs $2.8B expected
Las Vegas Room Occupancy Rate 86.0% vs 82.4% expected
My price target is a double top at $51.20.
Looking forward to read your opinion about it!
$SNE buying the dip*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team originally entered Sony $SNE at $92.33 in 2021 and captured massive gains on the Japanese tech giant before selling at $125 per share last year in December.
$SNE was hit badly along with other tech players in its industry recently. This means it's not a bullet-proof play despite its current undervaluation. However, the Japanese economy is looking better than most, and $SNE has also been tapping into multiple markets such as music, film, semis, gaming and many more.
Another good mention is that there has been more news regarding semiconductor competitiveness among countries recently. This means that countries like the US and Taiwan will be pouring more money into companies from their homelands that produce these computing chips. These chips are used in the production of PlayStation 5 systems, and by selling more systems $SNE can greatly increase its stream of revenue once the semiconductor crisis is adverted.
My team has started a new position in $SNE today at $110 per share. Our first take profit is at $140.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
