Long way for SLP for a new ALL TIME HIGH, but its a YES.
As mentioned in my previous analysis, all indicators is showing a bullish signals now+ after the Season 20 , SLP from 0.099$ went up to 0.040$ . Yes only 48 hours has pass after the announcement and its price has a massive growth
Why is SLP Pumping today?
SLP MINTING has been reduced in the GAME itself. Previously, if you have one team, you have assurance of 75 SLP per day once you finish the ADVENTURE MODE now its gone.
- Daily quest SLP has been removed. (25 SLP)
- Adventure mode SLP has been removed. (50 SLP)
- SLP rewards have been reduced at certain MMR brackets.
Future BURNING MECHANISM is coming!! More usage of SLP for fees
Origin- Part upgrade
Land & ETC / More SLP fees
So expect now more demand and less supply in the coming months in SLP. This is a good sign for this crypto . Previously it price went down due to oversupply, millions has been minted everyday and less burnince mechanism for this coin. With the new annoucement this has been corrected.
Expect now a bullish trend in this coin and will seek a new All Time High, probably and max 0.60- 0.70$ .
Kindly note that this is my personal analysis and you can take as a guide. DYOR and do ur own technical analysis then decide.
Axie
Axie Infinity (AXS) Buy ZoneAxie Infinity (AXS) Buy Zone
--------------------
BIAS
Mid-Term : Bullish
Risk : Medium
Axie Infinity broke above and retested our trendline, showing the market is short-term gaining bullish momentum and strength. If the retest gets successful, we would be heading to at least target 3 in short-term.
--------------------
$AXS/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 63 - 67
TP 1 : 69.25
TP 2 : 73
TP 3 : 77.75
TP 4 : 82
TP 5 : 87
TP 6 : 91.5
TP 7 : 97.5
TP 8 : 107
Stop Loss : 56.25
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
--------------------
SLP Pump? After Season20 announcedOne of hardest crypto to do Technical Analysis is SLP. Due to millions of token mined everyday due to its games.
But yesterday announcement makes this coin pump. Less SLP to be mined, no more rewards in Adventure.
axie.substack.com
Now based on Technical Analysis and previous TA, the bottom of this is .010 which is reached. There is a valid bullish Divergence.
There is a break of structure in Higher High which signifies a Bullish Trend in Smart Money Trading.
Lets see how long will it pump and is this a valid retracement going on. Im bullish now on this coin.
"100 usd to 1,000,000 usd " challenge (8)My latest trade on BTC short got stopped out.
Next trade, it is for SLP. It seems we have finished the ABC corrective wave according to fib level extension (on log chart).
Filled Amount(SLP): 8688
Average Entry Price(usdt): 0.0109
Total Invested(usdt): 94.69
Follow for more updates.
AXS - Axie Infinity is Approaching its Buying ZoneThe Back Ground and Psychological Support Zone
The AXS last bull move gave us hefty returns of 6200%, which started from 2.64$ on Jun 29, 2021, and made an ATH of 167 on Nov 6, 2021. However, this massive gain leads to a correction that later converts to deeper correction and ends in the shape of a crash, and currently, it trades below $50. It shed almost 73% of its gain and trading in a well-established downtrend/descending channel; it got rejected three times from the upper side while trading within this channel. The fibo levels from last bull runs are playing their part. We see 0.50 and 0.786 levels act as barriers but did not last as final lines. Now price is entering into a strong support zone that has its back from the July, Aug 21 trading range when the price remains range-bound after a massive first move. At the same time, RSI has been in the downtrend since the start of Oct 21, capped by a trend line, currently in oversold territory.
Point:
Bullish divergence is in play that will trigger the next bull run.
It entered into a strong support zone.
In the last down move, volume remains below average.
Trading activity/volume increased in the last 4 days.
Fibo retracement 0.786 and support zone lower levels are the same, providing a solid support level that will hold.
It already shed 73% of its all times grains.
RSI is in the oversold zone and showing weak bearish signal
Pay Attention
Observe its price action in the support zone (a rejection from downside with good volume and confirmation on next day), wait for the positive signals from all sides like RSI needs to recover to let the bullish divergence play its part. Moreover, RSI needs to break the trend line, which has been holding in a downtrend since Oct 21. A rejection from downside and RSI trend line break are two key signals you need to get in
Risk / Reward and Holding Period
Buying near the $40 level can be a good idea (or within the support zone). Keep in mind any move below 37 will be short-lived, so if you got an opportunity between 30 to 31 levels, that would be a great level to enter. But chances are rare. The TP1 is 90$, TP2 is its ATH, and the 2022 target is 350$. The minimum holding time for this trade is two quarters.
It is not financial advice; always do your research.
Please, feel free to ask your question; write it in the comments below, and I will answer.
AXSUSDT, The price is reaching to bottom of channelHello everybody
Surely you have heard about AXS (AXIE), is one the most popular game in blockchain and its working of NFT and Metaverse and this platform wanna ...
If you wanna learn fundamental & technical analysis you can send us messages in private ---> Our id is in profile
According to the chart, we expect the price should drop more to reach to the bottom of the channel and according to the price that at the beginning was started moved in upward channel at this time we expect the price that be supporting at this bottom and should move upwards but in this scenario that is ready to start new rally or its only move upwards for correction and emotional its very soon to say and predict. At first we take profit of this movement then the market move and show us other waves we can decide about this.
Dont forget if you be in position use stop loss and take trigger then entrance it.
If you have any question send us messages
Good Luck
Abtin
Previous analysis :
🔥 AXS Macro Bullish Channel UpdateAround two weeks ago, I made an analysis where I talked about AXS and the macro bullish channel it was trading in.
As indicated on my chart above, I was looking at the area where the price touched the channel's support.
As of today, we have reached the bottom of the channel, hopefully signaling a bottom. Risk-loving traders might want to make an early entry now. However, I'd advise waiting for a green 3-day candle to signal the bottom. Bitcoin is in a dire state at the moment, so there's enough reason to be cautious.
Happy trading!
Axie Infinity Analysis, Jan 6This is what I think about Axie Infinity (AXSUSDT)
Three waves completed and now we are currently in wave 4th of Elliott waves
There are two places that can be the end of wave 4th and the beginning of wave 5th
It depends on breaks the trend line or not if it breaks then the second place can be the end
Anyway in my opinion this isn't the end cause I expect another bullish wave
To Infinity and Beyond! (Axie Infinity)Axie Infinity (AXS) was one of the first gaming tokens to go on a strong run with huge % gains. The most recent impulse movement began from Sept to Nov 2021 where AXS made an ATH of ~164 and increased by ~223% in that period. Since then, AXS has been trading in a descending channel where it has found good support at the 38.2 fib level which is often a strong area to buy after an impulse movement has occurred.
Assuming the support holds, AXS can trade toward the upper end of the descending channel and with enough volume, breakout of this channel with a mid-term target at the 61.8 level. In the case of an exceptionally strong impulse movement, it can target the 78.6 fib. Of course, all alts still answer to BTC (apart from a few gems...) so trade carefully.
Please note I am not a financial advisor and this is not financial advice. All ideas are for educational purposes only :)
Please feel free to leave your comments, questions and thoughts below!
🔥 AXS Macro Bullish ChannelSince it's inception on Binance, AXS has been trading in a strong up-trending bullish triangle.
However, AXS is losing value almost weekly since late October. It doesn't seem that the bears are done selling yet, so I'd wait until the price reaches the yellow area on the chart for a potential long-entry.
Target would, ideally, be the top of the channel. However, since AXS is one of the top-performers of the bull-run it might be the case that we're not going to see another ATH again this bull-run.
Happy trading!
SLP Now or never - Time is running out, RSI strong divergence 🚀RSI chart on the one-day interval shows a very large divergence.
Energy is building up fast
Axie promises to release new gameplay of V2/3 game. It hangs a lot in air and coin is ridiculously cheap and has a lot to do.
Jiho knows that community is suffering and it is huge. Realize that they have to do something about token price otherwise they may crash.
Team AXIE is working and that is most important thing. I think patience will be rewarded even for most losing ones who obviously did not sell their tokens in bear market.
Good Luck
Is is time to BUY AXIE?Hey guys, this is Julie =D
Let's take a look on Axie Infinity today?
First let's talk about the weekly chart -
On the weekly chart, Axie is in a clear Bull Trend, it has made nice higher highs and higher lows, and now it is at a very good level: the price has just corrected to the 21 EMA, which is the same price it was in August (purple line), making a good resistance level.
(I would put the weekly chart image here, but I can't, sorry)
We don't have a confirmation yet, but it would be a great time to buy Axie, I would just wait for something like a Bullish Pivot on the daily chart.
Daily chart:
Have you noticed that Axie sometimes makes this rectangle and then blows up? I think this might be the case again.
Some people may also see a head and shoulders pattern in this last rectangle, but I think it is too big to be that. Also, Axie has done this before and it wasn't triggered, so I don't believe it is a head and shoulders pattern.
It also has this resistance (orange line) holding Axie at this level.
I'm out of Axie right now, but with a good confirmation, I would buy it. I would just wait to see if these resistance levels will not be lost.
Thanks for reading my analysis 🥰
If you liked this ideia, remember to support me with your like and subscription! 😊👍
Have a great weekend!
AXS Trade setup 📣Hello dear traders. I hope you are having a wonderful day.
Today I want to share my thoughts on AXS. As you can see price has broken the triangle and is making a pullback.
Buy zone and target are shown on the chart. Also put SL below 120$.
🚩 Always remember to put stop loss for your orders in order to reduce the risk of your trades.
🚩 Always keep an eye on BTC chart as well because it can affect the movement of altcoins as you all know my dear traders.
Thank you guys for reading my idea on AXS and don`t forget to comment what you think. ✌
$SLP/ETH 3D (Binance) Descending parabolic curve on supportSmooth Love Potion is down-trending hard but is approaching strong demand zone and seems to be near reversal!
Risk/Reward= 1:2| 1:3.67 | 1:5.2
Expected Profit= +96.27% | +177.10% | +250.70%
Possible Loss= -48.25%
Fib. Retracement= 0.236 | 0.382 | 0.5
Estimated Gain-time= 5 months
Current Price:
0.00003443
Entry Zone:
0.00003031 - 0.00002279
Take-Profit Targets:
1) 0.00005211
2) 0.00007357
3) 0.00009311
Stop Targets:
1) 0.00001374
Bearish Flag & hidden divergence rsi Axie has held up well against the initiating at least short term bearish chart. However, I think the concept for P2E in short tterm bearish market is not solid enough to outperform the market.... I see many signs that we could see stronger dips in the near term. Be cautious
Bearish Flag & hidden divergence rsi on 1D
This is not an recommendation to buy or sell AXS, don't invest more than you can afford to lose
AXS / USDT 4H According to this analysis, it looks like AXS / USDT has broken out of this triangle. My guess is that, the price will bounce off the upper line of the triangle and eventually hit one or more of the targets.
Take profit ideas:
TG1 - 137$
TG2 - 142$
TG3 - 148$
TG4 - 155$
TG5 - 162$
I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
------------------
About Axie Infinity:
"Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. (...) Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies. (...) Each Axie is a non-fungible token (NFT) with different attributes and strengths and can be entered into 3v3 battles, with the winning team earning more experience (exp) points that are used to level up an Axie's stats or evolve their body parts. These Axies can be bred together to produce new and unique offspring, which can be used or sold on the Axie marketplace."
Source: Coinmarketcap