Floor and listing depths at the time of writing:
Checks VV Editions: .71, 60 listings to .80
Checks Originals: .429, 39 listings to .5 eth
Opepen: .379, 48 listings to .40
Merge: .02, 124 listings to .03
Matchbook: .005, 192 listings to .01
This Artwork is Subject to Burn: .05, 105 listings to .07
Seizon: .25, 101 listings to .34
Otherdeed: `1.62, 262 listings to 1/67
HV-MTL: 1.93, 62 listings to 2.03
In depth TA on Checks VV:
Checks is still bullish as you can see the regression line(yellow) however, checks vv has been in a down trend. This is ok. Since we see the crypto market up, nft market going down is obvious and will pass.
Checks reached a low however there was a strong bounce back up past .80. If you’re a long term believer, I believe this is a good entry. If you’re waiting for consolidation and want to play it safe, a good entry would be if it breaks out of this trend around .90 but word of caution, this could be a high and dip again. More on that below.
There are two plays I see with Checks VV Edition and this ultimately depends on how bullish you are on the project. Safe play is trading on the regression which could be a take profit zone. Most of the time, you will see a decline on regression so 1.84 is a potential exit or take profit zone. You might have an opportunity to buy back in here as well if it fails.
If you’re ultra bullish, have a long time horizon, holding multiples and want to exit, these are your tp1 (take profit) and your tp2:
Please note that TA doesn’t factor in Fud, World issues or Market declines due to things of outside nature. These are simply to give you an edge.
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