Cryowar retests the 3$ support. Beta launch around the cornerIntro:
- 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.
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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.
