Another day, more new inventory that is at All-Time Lows.
None of this article is financial/investment/legal advice, it contains a strategic valuation analysis of speculative assets that can be subject to market fluctuations. You are suggested to seek out a Registered Investment Advisor (RIA) for all investments and the author is not an RIA. Splinterlands' Terms of Service identifies Splinterlands/Steem Monsters as not being an Investment Company. As defined by the U.S. Code of Federal Regulations, Steem Monsters (the parent company of Splinterlands) and the Decentralized Autonomous Organization (DAO) that was published by Steem Monsters can be argued to rise to the definition of being classified as Financial Institutions in the United States. This is a duty to warn and inform given that the actions to be described regard the valuation of assets and speculation of events to take place.
Gold Foil bargains can be had every day as more cards from the Chaos Legion Set are hitting All-Time Lows and it is a time to consider stockpiling or flipping. With 15,235,000 still left to be unveiled from Chaos Legion and 10,645,000 left to be introduced to the market from Riftwatchers, it's understandable that there is a bit of an overprinting matter that the market is factoring in with the pricing of these cards.
1. Stitch Leech
The Gold Foil Stitch Leech has been in All-Time Low territory before, but for those who missed out before, now is a time to get in on this card again at a discount of nearly 10% off from previous All-Time Lows.
The first point of resistance to any sort of a upturn is obvious, 50 cents. Once past this point, there's tiny resistance zone between 59 and 62 cents. Then there's a little bit of room to run up toward 79-84 cents, which forms the next area of resistance. If it breaks out of there on the upside, it goes all the way up to $1.15.
2. Time Mage
No amount of "Battle Mage Secrets" gimmickry was able to save this Gold Foil card from hitting All-Time Lows. By the way, does anyone actually read those articles? Splinterlands Marketing can certainly do better, but that was covered months ago.
$1.50 will serve as a resistance point, but just ahead is another resistance zone between $1.79 and $1.93. If the price marches forward, the next resistance zone should be between $2.46 and $2.62. On the chart above, it does seem like the downturn would have lost momentum, but it continued on and it may have more room to run downward if the market wants to fulfill that linear downward channel.
Comment below what you think about this one.
3. Junker
This Gold Foil Common Neutral card from Riftwatchers is underappreciated and now at an All-Time Low.
The price has been in a downward channel and the only way to get back up is to break the upward bound of the channel. $1.79-$1.95 is the resistance zone to crack and the upward momentum could be considerable enough to run through relatively weaker resistance. Holoz0r has set up a wall of 1 BCX cards at $1.841 to be sold and this is going to serve as the heart of this resistance.
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