Axie Infinity To $48We have the classic rounding bottom pattern.
We have a strong reversal hammer candle 14-July.
Short-term target set at $20.
Still short-term we will see $25.
Then it can take a bit longer but still pretty fast $34....
We can say that $48 as resistance can be strong.
More details on the chart.
Namaste.
Axie
Axie InfinityBINANCE:AXSUSDT
This pump might finally breakout Axie out of this former Daily Support.
It's normal to expect a slight retracement right now, maybe to that green 4H Support.
The 4H Support or the bottom of the green parallel channel is where I'll try to open position. So around 16.10-ish .
If my thesis holds, I'll aim for these targets:
Target 1: 21.1
Target 2: 25.4
Change in volume is another interesting factor to keep an eye on.
This is my Thesis, targets are purely hypothetical based on my analysis.
This is NOT Investment and/or Trading Advice.
Happy Trades!
❤️ If you enjoy my ideas , Please like/comment , It means a lot, Thank You! ❤️
AXS- Healthy Breakout and New MarketplaceAnother breakout, this time on AXS.
Let's see if the price can go higher now.
News: Axie Infinity Announces Launch of New Marketplace Upgrade
Axie Infinity will deploy an upgrade to Axie Marketplace this August.
The upgrade will support NFT runes and charms and use ERC 1155 standard.
Due to this upgrade, all marketplace listings will be taken down, and players will have to re-list their Axies.
Sky Mavis, the creator of play-to-earn blockchain gaming platform Axie Infinity, announced on July 19 the launch of their latest update, which is set to be deployed to Axie Marketplace from August 2022 onwards.
This update will enable the marketplace to utilize the ERC 1155 standard, which will allow support for NFT charms and runes. Further, it will include performance upgrades to regulate the increased traffic that comes with periods of growth and adoption.
As the common practice on most NFT Marketplaces, this listing will also be featured for a maximum duration of six months to combat NFT pollution. Due to this upgrade, all marketplace listings will be taken down. Those holding Axies that are currently listed will have to re-list them once the upgrade is up and running.
Migrating the Axie listing requires ‘sign transactions’ from the Axie holder. Sky Mavis declared that they will be unable to do so as the creation of a mass re-listing tool would add more complexity to the launch and take up development resources that could be utilized on more important features, such as badges, upgraded bundles, and offers.
Hence, this upgrade is believed to serve a much-needed reset besides paving the way to support NFT runes and charms. Some of the benefits this upgrade brings along are as listed below:
Players who have listed their Axies will return to re-list and discover the recent updates to Origin
Marketplace sales will not go into ‘blackholes.’ (e.g., players who have lost their private keys or left the ecosystem forever)
The upgrade will enable players to re-assess the listings that were made in a dramatically different market environment.
Apart from this announcement, Sky Mavis is also hosting Axie Infinity’s latest breeding event, Lunacian Summer, in the Lunacian metaverse from July 14. The event will last for 50 days (till September). According to the team, automation breeding is prohibited during this period.
This breeding event, launched in 2018, has given rise to a remarkable generation of breeders and collectors for two consecutive years (2018 and 2019). Meanwhile, Sky Mavis is also preparing the long-awaited game reboot, Axie Battles V3 (AKA Axie Origin).
One Love,
the FXPROFESSOR
Axie Infinity | Mapping 100%+ Target + Cryptocurrency TradingWe have early signals on the Axie Infinity (AXSUSDT) chart.
We can see today's candle moving above EMA10...
We call it early because the candle needs to close above this level before a bullish signal is confirmed.
Candle closure takes place in around 7 hours from now... 00:00 UTC.
Even though AXSUSDT is hitting new lows, the daily RSI is good at 40+.
Again, it is early...
But this is a great chart setup with low risk and high potential reward.
One can always buy with a very tight stop-loss.
If the trade fails, you lose 10 to 15%.
If the trade breaks bullish, as it most frequently happens for us, the potential is 30, 50, 80 and up to 140% or more.
Low risk and high potential rewards.
It is not about getting it right.
It is about making money trading cryptocurrency.
Thanks a lot for the support.
Namaste.
📈AXS: the DUMP is still possible! But what after this?Axie Infinity is the famous game-fi project and top gainer of 2021. Ans it`s a problem for the price because lot`s of retail traders buy this coin and now almost liquidated.
The liquidity collection under the key level of $12.20 is highly possible. Why it could happen:
1. Lot`s of coins were bought in the $19-22 accumulation area. The horisontal volumes confirm it.
2. Additionally, the whales sell lots of AXS at the previous pump. Maybe, some traders don`t want to miss such "opportunity" and trade without trading strategy.
The volume indicator confirm this big buy also.
This both number of long traders become the fuel for such dump.
After the false breakout of key level and squeeze to the trendline the breakout is highly possible.
The targets for this trade:
1. $16.4 - key level
2. $19.5-22.4 - this value area become the huge resistance for the price.
Bloomberg said that the game is almost scam because dont want to pay it`s players. How do you think, if the famous news write about some coin news it`s a first bullish sign? Write in comments your thoughts about AXIE.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
AXS - Dangerous VolatilityAXS failed to hold the 21.87 and is technically between support at 19.99 and resistance at 21.87
The chart is kinda scary so we will post this as a SHORT idea.
If the price loses ground and dips below 19.5 axs HOLDERS COULD BE IN FOR A BAD SURPRISE.
BE AWARE, BE ACTIVE, BE A TRADER
One Love,
the FXPROFESSOR
🔥AXS: is Axie still bullish? Wait for this scenario!Is it possible that Axie will return to its ATH? This game-fi project is returning its popularity and in this idea I will explain when to enter to the local long trade, what to pay attention to and outline the targets.
✅The first thing to do is to wait for a false breakdown of the key levels of $19.75 and $19.25. I have not marked them on the chart, but you can mark them for yourself.
Why these levels? On the horizontal volumes, I see that a lot of trades were made at these levels, therefore under these key levels is a large number of stop-loss traders!
✅Secondly, the growth of volumes will show us:
liquidation of long traders
purchases of a big player, which will help us to identify the end of a falling move.
✅Thirdly, the return and modification under the local trend line. The more traders will take short trades on this fall, the higher will be the Axi rise. Short traders will be the fuel🔥 for growth.
By combining these 3 tips together, you can open a successful long with a short stop loss and a high chance of success.
The targets for long :
1. $25.50-27 value zone.
2. $29-29.60 value zone
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
AXS - UPDATED CHARTSupport at 20$, Resistance at 23$ and once/if over then off to 29$- this is the most likely scenario...that means that the market helps.
If the situation does not help then we have a clear entry for a short at 19$ all the way down to 13,8$.. this is the unlikely scenario but still it exists.
News:
Binance CEO Says Axie Infinity Handled Its Crisis Better Than Terra With UST Depeg
In a Twitter thread, the Binance boss shared his disappointment in how Terraform Labs team handled its ecosystem’s collapse.
One Love,
the FXPROFESSOR
Axie Infinity (AXS) Buy ZoneAxie Infinity (AXS) Buy Zone
--------------------
BIAS
Mid-Term : Bullish
Risk : High
On 4 hours timeframe Axie Infinity formed bullish pattern which shows the possible reversal at $29 zone.
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$AXS/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 28.8 - 27.9
TP 1 : 31
TP 2 : 32.5
TP 3 : 33.9
TP 4 : 35.25
TP 5 : 37.8
TP 6 : 39.75
TP 7 : 42.4
TP 8 : 46
Stop Loss : 26.5
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
--------------------
AXS - The way to a breakoutHello trading friends,
Most markets are still into a downtrend - and there needs more time so that the most coins could get again green - but at the same time it's crypto and things could happen in the short term - one thing is sure - there is no guarantee for any price action.
Crypto markets did learn us, that today can be green and tomorrow red, and the same for another side.
So that's why it's important to trade only with a plan, and yes sometimes it's hard, but the try should be there at last.
Back to AXS - Why this chart
This chart view is purely dependent on price action including some TA trends.
We have seen before AXS did go with BTC, as 90% of coins do when there is a breakdown trend - but there is some things that make AXS very interesting, and I think some of the traders as you could see this also, or knowing already the effects of breakout in patterns as this.
is there a guarantee that AXS will show a huge breakout? sure no - it's crypto and all is possible, but in the world, like crypto, we depend on more chance. let's say what the markets show now depending on my expectations I see AXS increasing and having a breakout coming time - it's purely a view from different study trends.
There is in most time not always a reason to buy a coin directly - some known hedge funds use the way of % view. it means when a coin increases some % depending on their counting, the coin gets interested, and of course, there are more trading ways.
For me personally also interesting to see where AXS will go - and will follow to see the effects of it, and or it will prove that the trading study and the signals that it shows are real for a breakout.
Have a good time.
@ this is not trading advice - trade only depending on your setups.
North Korea May Be Behind AXS/RON HackFrom the Wall Street Journal:
"U.S. law enforcement linked the Lazarus Group, an online crime syndicate connected to the North Korean government, to the $540 million hack of the online game Axie Infinity last month.
The theft, infiltrating the network upon which the game is run, was one of the largest in the 13-year history of cryptocurrencies. The perpetrators stole 173,600 ether and 25.5 million of the stablecoin USD Coin, or USDC, worth about $540 million at the time of the attack."
www.wsj.com
SLP CRITICAL LEVEL HAS TO HOLD There are two scenarios I have outlined that could potentially happen in my opinion.
1) We really really REALLY need to hold this green box as support and break above previous highs so we can make our way out of the ichimoku cloud and start an actual uptrend. As of right now, SLP has been generally trading sideways for the most part.
2) If SLP manages to do this, we could very well see a move to around 6 cents.
3) We will need to break above the 200 day moving average (blue line) as well, which is pretty important for most cryptocurrencies.
4) If SLP breaks this green box of resistance to the downside, we could very well sweep the low again.
5) This is not financial advice and always do your own research before entering a trade.
SLP Daily TF TASLP right now has dipped just above 0.0155. This dip has created a tight hidden bullish divergence in the daily TF. We might bounce from this level and most likely hit 0.0293 and 0.0373. A falling wedge pattern is also present in the daily TF, once we retest the resistance which is around 0.0258 and we get a candle close above it, SLP will most like go back to the previous high. A possible fakeout could occur around that level but if that happens, we will dip to around 0.0184 and from there we will most likely retest the resistance again.