PLA: What comes next - Gaming/Meta- close to a breakout?
PLAUSD - Playdapp - Gaming coin making big strides in multiple areas of the gaming/meta industry and subsector. Recent partnerships and apparently a very active management/Dev team. Korea and Japan, as well as US/global developments and activities.
So, It's hit almost $5 ATH not too long ago. Recent developments put it at around $2.50, low marketcap - sub- $1B, low float, thinly available. Greater demand > supply, has put upward, consistent price pressure and it has been rising from the mid-$1 level into the $2's with a smaller local breakout occurring 5 days ago to let off some pressure. Well, it didn't let off enough, this is trending higher and RSI is building on 4h. We will be getting that BREAKOUT very soon IMO.
We will see this tightening triangle and ascending trendline lead to a breakout shortly. My targets are in the $5 vicinity ST, and more if other gaming/metaverse coins are any indication. (Think SAND, GALA, MANA, etc.).
Always keep an eye on BTC, ETH , though this trades independently with hardly any negative movements, and only positive correlation. How awesome is that?
Time will tell. GLTA, do your due diligence and enjoy the ride up.
So, It's hit almost $5 ATH not too long ago. Recent developments put it at around $2.50, low marketcap - sub- $1B, low float, thinly available. Greater demand > supply, has put upward, consistent price pressure and it has been rising from the mid-$1 level into the $2's with a smaller local breakout occurring 5 days ago to let off some pressure. Well, it didn't let off enough, this is trending higher and RSI is building on 4h. We will be getting that BREAKOUT very soon IMO.
We will see this tightening triangle and ascending trendline lead to a breakout shortly. My targets are in the $5 vicinity ST, and more if other gaming/metaverse coins are any indication. (Think SAND, GALA, MANA, etc.).
Always keep an eye on BTC, ETH , though this trades independently with hardly any negative movements, and only positive correlation. How awesome is that?
Time will tell. GLTA, do your due diligence and enjoy the ride up.
Yorum:
Trade is still on despite some macro-BTC stresses. Recent Binance listing gave us a lift. $5 incoming, and likely quicker with new buyers and discovery.
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