SANDS Big Rally May Just Be The Start
Bitcoin is currently up 29% for the 4th quarter of 2021. The previous quarter, Bitcoin pulled a perfect 25% quarter. Prior to that was a loss of 40% which preceded a gain of 102% to kick off the year.
We have identified three coins that are in a phase we call accumulation and these coins have the potential to have some really interesting price action in the next few months.
My Neighbor Alice is a multiplayer builder game, where anyone can buy and own virtual islands, collect and build exciting items and meet new friends. Inspired by successful games such as Animal Crossing, the game combines the best of the two worlds – a fun narrative for regular players who want to enjoy the gameplay experience as well as an ecosystem for players who want to collect and trade Non-Fungible Tokens (NFTs). – CMC
The orange area dictates a majority of the range while the green area was previous resistance that has now been flipped to support. We want to make sure this area will actually hold and not turn into a fakeout. If ALICE is to reach even modest targets for potential price discovery resistance – we could be seeing 200%+.
Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin’s flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.
Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold, and traded with real-world value. – CMC
ENJ has a lot of promise here and ENJ is also not a new kid on the block, which adds a little more confidence in the coin as it has been around for over 4 years and is still standing.
Here we can see the accumulation phase was only breached once before dipping right back into accumulation. At that point, a significantly higher low was created and ENJ wasted no time at all ripping right through the green zone that was once resistant. Now ENJ is testing the previous high and if we are able to get a clean break out of those levels, we look to be able to put in some significant moves. We are looking at a modest 75% move first and then potentially followed up by what would end up being 171% from the same entry area. Once again, we need to see some confirmation first!
Alien Worlds (TLM) is a decentralized, non-fungible token (NFT) metaverse, where players compete for scarce resources, Trilium (TLM), in a stimulated economy centered around planetary worlds. Due to this, Alien Worlds also has a decentralized finance (DeFi) element to the game, as players advance by staking TLM and using TLM to vote in Planet Decentralized Autonomous Organizations (DAOs). – CMC
TLM has the largest potential out of the three for the short term. Getting out of this resistance we welcome even more resistance in the form of previous highs and previously failed highs. After that, we have a listing day candle that we need not pay attention to but we have some serious potential take profit areas that traders will likely be eyeing up as price discovery.
First – we can see a 300% move just to reach the first area of taking profits. The second area would be 539% from the same entry point. Big time moves for TLM if it’s able to get through this current resistance.
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