$GAME | Potential C&H?Game had a pretty good rise up to 68K the other day. If it can break through that resistance it could go up to about 100K, forming a nice cup. From there we might see a retrace that should go no lower than the 68K support. If the handle forms and we break free we could reach 170K, which coincides with a previous top and the 0.786 Fibonacci level. That would give us about a 3x from the current 54K. Let me know what you think!
GAMEBTC trade ideas
$GAME looks like a break out is comingLOoking at the various timeframes, we might expect a break out coming soon.
Daily: deep pullback almost into to the previous accumulation zone (orange box on the left). Currently in a trend reversal patter with strong rise of volume.
240: is showing the trend reversal pattern, close to completing a 5 legs pattern. This pattern may also continue further to the downsinde where the trendlines come closer to eachother, but I doubt.
60m: I noticed that the price moved 2x into the blue boxes (fibo extentsions) and it looks very likely to me that the next upmove leads to the next blue box. Pullback from there to retest the trendline and if its in a bullish pattern, it might be a great chance to buy after that breakout.
I will put GAME on my watchlist and update you when necessary.
Tradingadvice: wait for the breakout if you want to play it safe (like me).
GAME lift off within 2 monthsIt is true that GAME was overbought and that is the reason for the big dip. However with BitBay opening up in India and adding Gamecredits, the chance of GAME breaking out is on the high side. It is quite possible for gamecredits to reach a new ATH until end of the year.
Analysis of $GAME, short-mid termHello fellow cryptolovers,
This is my first analysis ever. I have read a few blogs and guides online, I hope you can give me some feedback and/or tips on my analysis!
Trade on your own risk, with the upcoming listing of $GAME on BitBay I believe the upward trend could be confirmed in the next few days, making a nice buck on $GAME.
Cheers for any comments!