My neighbor Alice plays her music too loud
“But that’s just the trouble with me. I give myself very good advice, but I very seldom follow it.”
Alice, in Wonderland
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. It looks like a clean, fun little game in the vein of Animal Crossing, with avatars, virtual assets and the ability to purchase and trade NFTs. It employs ALICE as its native token and is expected to be fully released sometime this year.
The Chart
Purple lines are monthly support/resistance close structures, and black lines are very high timeframe close structures.
When this was listed it appears that it went from .10 to 60.00. Thus the logarithmic chart of ALICE is dizzyingly scary and gives me the impression that this is already in a giant bubble.
That being said, I actually think this is in an accumulation range. It looks to be consolidating upwards, but I would not be deceived by that. I would buy any time price dives back into bottom quarter of the accumulation box, with a probable bounce next at around 7.00. Ultimately I would expect a retest of the 4.00 low and perhaps it even gets sweeped before the markup phase ala SHIB.
I won't speculate as to how high this goes, as it depends on the length of the accumulation among other factors.
I personally would take my profits at the top of the accumulation box if an order gets filled in the 7.00 range and we get a bounce. If we travel to the very bottom of it again however and you get filled down there, this may be worth hodling until we get a breakout and a solid doubling of the accumulation box - at 36.70 - or at most a tripling at 53.00.
That would be a 530x from listing price.
The fact is that until the NFT bubble pops, we will continue to see progressively insane levels of asset valuations in this sector.
Because hey... we're all a little mad here.
Alice, in Wonderland
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. It looks like a clean, fun little game in the vein of Animal Crossing, with avatars, virtual assets and the ability to purchase and trade NFTs. It employs ALICE as its native token and is expected to be fully released sometime this year.
The Chart
Purple lines are monthly support/resistance close structures, and black lines are very high timeframe close structures.
When this was listed it appears that it went from .10 to 60.00. Thus the logarithmic chart of ALICE is dizzyingly scary and gives me the impression that this is already in a giant bubble.
That being said, I actually think this is in an accumulation range. It looks to be consolidating upwards, but I would not be deceived by that. I would buy any time price dives back into bottom quarter of the accumulation box, with a probable bounce next at around 7.00. Ultimately I would expect a retest of the 4.00 low and perhaps it even gets sweeped before the markup phase ala SHIB.
I won't speculate as to how high this goes, as it depends on the length of the accumulation among other factors.
I personally would take my profits at the top of the accumulation box if an order gets filled in the 7.00 range and we get a bounce. If we travel to the very bottom of it again however and you get filled down there, this may be worth hodling until we get a breakout and a solid doubling of the accumulation box - at 36.70 - or at most a tripling at 53.00.
That would be a 530x from listing price.
The fact is that until the NFT bubble pops, we will continue to see progressively insane levels of asset valuations in this sector.
Because hey... we're all a little mad here.