Published: August 17th, 2021
Alien Worlds has less market dominance compared to traditional cryptocurrencies. Its recent crash from the all-time high of $7.16 to an all-time low of $0.067269 made an opportunity for bulls for the coming days. Currently, it has a circulating supply of 1.2 Billion TLM coins from the total supply of 5.14 Billion.
Alien World is a simulated economy where players can compete themselves in the NFTs marketplace. The economic competition and collaboration encourage players to get promoted and have the incentive as a scarce resource, Trillium (TLM). Planet DAOs, a Decentralized Autonomous Organization, controls it and provides access to gameplay.
In the Alien World Metaverse, players can mine TLM by acquiring digital game items in game battles and challenges. Moreover, the recent rebound in the broader crypto and NFTs market made Alien World (TLM) highly probable for future growth.
Let’s see the upcoming price direction from the Alien Worlds (TLM) technical analysis:
Alien World (TLM) crashed below the 0.10 psychological level but became very corrective. As a result, buyers appeared and took the price above the dynamic 20 EMA on the daily chart.
Later on, on 20 July 2021, the price moved lower but failed to hold the bearish pressure below the dynamic 20 EMA and closed with a bullish candle. The bullish move made a new high at 0.4238 and formed an extreme correction above the 0.2624 level. As long as the price is trading above the 0.2624 level, we may expect it to make a new high above the 0.4238 level.
The above chart shows the daily price of TLM/USD where the dynamic 20 EMA provides support to the price for a considerable time. The break above the 0.2426 level with intense bullish pressure and the support from dynamic 20 EMA signify buyers’ presence in the chart. Moreover, in the indicator window, MACD Histogram is still bearish but squeezing to zero levels.
Based on the current context, the price may move towards the 0.4238 level until a bearish daily close appears below the 0.2624 level.
According to the Ichimoku Kinko Hyo, the TLM price is volatile with multiple violations below the Cloud Support. However, the price is trading above the cloud support with various rejections in the last few candles. Meanwhile, the Senkou Span A is above the Senkou Span B with an expansion mode. Therefore, a bullish H4 close above the Dynamic Kijun Sen may continue the current bullish pressure above the 0.4238 level.
In the above image, we can see the H4 chart of TLM where the price is between dynamic Kijun Sen and Tenkan Sen, indicating minor indecision. Moreover, the RSI line is above the 50 levels in the indicator window and has more room upside to reach the potential 80 levels.
Therefore, a bullish H4 close above the dynamic Kijun Sen would resume the current bullish pressure in the coming sessions.
The price is quite volatile in the intraday chart as there were multiple violations of the intraday high volume levels. However, the most recent price moved above the intraday static support of 0.2944 level and a high volume level of 0.300. Therefore, as long as bulls hold the price above the static support 0.2944 level, it may grow higher in the coming session.
In the above image, we can see the H1 chart of the TLM where the price is trading above the dynamic 20 EMA and vwap. In the indicator window, MACD Histogram turned bullish and made new highs.
Based on the structure in the H1 chart, the price may come lower as part of the current correction, while a strong rebound from the static 0.2944 level may resume the current bullish trend. On the other hand, a bearish H4 close below the 0.2624 level may alter the current market structure and take the price lower towards the 0.200 level.
As of the above observation, traders should find an intense buying pressure from the 0.2944 level to join the upside pressure on an intraday basis. Moreover, a bullish H4 close above the dynamic Kijun Sen may increase the buying pressure above the 0.4238 level.
On the other hand, a stable bearish daily close below the 0.2624 level may alter the current market structure and take the price lower towards the 0.200 key support level.