FirstBlood (1st) was started in 2016 and provides an automated gaming platform for eSports competition. Its automation gives it an edge over the competition as it ensures a fair, prompt and fraudulent free platform for players to get paid instantly. The platform is in beta, they've had huge success with the current user base and the developers are working hard to take it to the next level by adding new games.
Having slowly declined against bitcoin due to bitcoin's meteoric rise, the coin hit rock bottom in early December. Since then, 1st has had a period of quiet accumulation bringing it into touching point of its first major resistance. With a basis in the billion dollar eSports industry, a relatively low market cap of around 150 million and a huge influx of money into altcoins, this baby really has room to move. So with that said, lets so how we can take advantage!
With the upward trend in mind, we are really interested in this coin breaking its first resistance of 0.00014000 btc. After that it has a clear run all the way to the first target of 0.00023000. So we will want to place a conditional buy if resistance is broken with a buy price over 0.00014000. If the trade becomes active, we'll want to place a stop loss below 0.00011000.
Trade summary with targets as follows:
Trade becomes active if price breaks 0.00014000
Buy in - Conditional buy over 0.00014000
Stop loss - Under 0.00011000
Targets - history based targets:
Target 1 - 0.00023000
Target 2 - 0.00035750
Target 3 - 0.00055000
Target 4 - 0.00075000
Target 5 - 0.00120000
Target 6 - New ATH
Trade duration - Both short term and long term
-Short term - days to weeks - Targets 1 and 2
-Long term - months to years - Targets 3, 4, 5, 6
Keep an eye out for
-New games being added to the platform! Each new game added will be a sure fire boost to the price of this coin.
-Beta testing to be completed
Having slowly declined against bitcoin due to bitcoin's meteoric rise, the coin hit rock bottom in early December. Since then, 1st has had a period of quiet accumulation bringing it into touching point of its first major resistance. With a basis in the billion dollar eSports industry, a relatively low market cap of around 150 million and a huge influx of money into altcoins, this baby really has room to move. So with that said, lets so how we can take advantage!
With the upward trend in mind, we are really interested in this coin breaking its first resistance of 0.00014000 btc. After that it has a clear run all the way to the first target of 0.00023000. So we will want to place a conditional buy if resistance is broken with a buy price over 0.00014000. If the trade becomes active, we'll want to place a stop loss below 0.00011000.
Trade summary with targets as follows:
Trade becomes active if price breaks 0.00014000
Buy in - Conditional buy over 0.00014000
Stop loss - Under 0.00011000
Targets - history based targets:
Target 1 - 0.00023000
Target 2 - 0.00035750
Target 3 - 0.00055000
Target 4 - 0.00075000
Target 5 - 0.00120000
Target 6 - New ATH
Trade duration - Both short term and long term
-Short term - days to weeks - Targets 1 and 2
-Long term - months to years - Targets 3, 4, 5, 6
Keep an eye out for
-New games being added to the platform! Each new game added will be a sure fire boost to the price of this coin.
-Beta testing to be completed
Trade active:
After a few attempts, resistance has been broken. Now we begin the climb to the first target of around 23000 satoshis.