SLP is the greatest token of all time.SLP is a very great token to trade. We have made many idea on SLP in the past, the majority of which were correct. Today we have another idea.
SLP is in a strong downtrend and many people are scared because there is WAY too much SLP being minted every single day. The bad news is, it should go lower. It can reach as low as 0.13 before the major CORRECTIVE movement upwards will truly begin. This movement is expected to take price all the way back up to around 0.30, and it's notable that the major movements will not happen until the exact end of this movement, where volatility should expect to increase dramatically as they announce the battles V2 launch. In the grander scheme, this entire move is a fool's rally, but we can ride it while it lasts before the next leg down. That comes much later.
It seems that Sky Mavis is going to reduce the breeding fee to a flat PERCENTAGE of the breeding cost, probably between 20-40%. This will allow for the SLP rally to begin, as it brings back the bullish sentiment for investors PLUS it fixes the mint VS burrn which is currently driving the rally downwards. The team has already said they will fix this in 14 days of the last patch, which came on 8/10/21. So we know that SLP will likely cease to fall on 8/24/21, 14 days after this. They want to ""Wait and see the effects"" even though we ALREADY know that the last change reducing the AXS fee by only 50% while the price doubled, did NOT help at ALL!
How do we know that Battles V2 will come on this exact date?? October 31st is marked because in the past the team likes to do events on special holidays. This is further confirmed because the official axie infinity Twitter has a BAT in their name. What does a bat mean? We think, it can only mean halloween!! Even more shockingly, and you should check this for yourself because it absolutely blew my mind, the 0.618 time extension of the entire move prior is ALMOST EXACTLY on halloween. So the level of confluence says that there is very very high significance on this day, and the volatility will simply be through the roof if they drop battles V2. For examples of what happens when major news drops, look at the big candle to the left? The biggest one. That's when they announced Ronin. It could even decide to test the all time high, that's how crazy this day might get. Be ready.
Axie
Can SLP token replicate the insane growth of AXSRecently, we made a series of ideas for the AXSUSDT pair, the price of which was growing very quickly and almost without recoil.
Today, the trading pair SLPUSDT got into our the horizon
Small Love Potion (SLP) Tokens are earned by playing the Axie Infinity game. This digital asset serves a replacement for experience points.
SLP and AXS tokens are assets of the same Axie Infinity game.
Looking at the SLPUSD chart, we can see that the price is consolidating at the top of the channel before a possible upward breakout.
Of course, one should not reject the possibility of a fall in the price of SLPUSDT for the lower support in the region of $0.19
However, we assume that SLP can repeat the strong growth following the example of AXS. And we set the upper goal for ourselves around $0.70
This idea is just our thoughts and assumptions, and not a call to action.
Take care of your deposits.
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Since 2016 , we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer — help us to be happier :)
$AXS/USDT 12h (Binance Futures) Rising wedge near resistanceAxie Infinity is hyped as hell and went parabolic leading the Non Fungible Token (NFT) market.
But it seems to be forming a bearish pattern approaching its end, that could send it to a 20EMA retest!
But this is not necessarily topped yet and a last leg-up is likely to short squeeze first, better wait for entries.
Current Price= 26.510
Sell Entry = 29.552 - 31.888
Take Profit= 22.833 | 18.580 | 13.316
Stop Loss= 37.054
Risk/Reward= 1:1.25 | 1:1.92 | 1:2.75
Expected Profit= +25.67% | +39.52% | +56.65%
Possible Loss= -20.52%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 2 weeks
$AXS - this will fall twice as hard as it rose - get readyI dont know what this is and don't need to look to know its overpriced (rank 71)
Looking for daily bear divs, followed by a break in structure on the H4 and H12 to short
M OB will be my first take profit level, as it has actually printed a monthly order block, so this will provide good support
We have got some daily bull divs going on, but the H4 ran a low and has continued u
Next time will be looking for the H4 to close through a swing low and sell the OB that caused that move as everyone gets bullish into resistance!
AXS 1D Will gamers are able to drive the price even higher?AXS is an NFT token that players can use to control the blockchain-based Axie Infinity game.
The chart of the AXSUSDT pair shows that today the price has renewed the maximum, which it formed three times in April of this year.
However, to continue growing, the price needs to gain a foothold above $11.30.
If this does not happen today or tomorrow, then the AXSUSD pair may expect a correction.
An important level for correction is $7.50 . If buyers there actively begin to buy back the price, then it will be possible to confidently enter the long, because there is a minimum x2 growth ahead of up to $15.75, or even higher up to $20
If buyers lose the $7.50 level, then the price will go lower. Below, there is a liquid zone of $3-5 , where the position was typed before the current impulse.
And even lower is the strong mirror level of $2 , which during the growth in February played the role of resistance, and already in the fall in May deftly played the role of support from where the aggressive buyout began.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
Axie infinity to infinity and beyond!Axis has been pumping for quite some and is a project I've mentioned quite a few times before (for those that follow me on telegram or twitter), and although I have to say I've been trading this for quite some time... I can tell you there is more upside to it in my opinion. I really doubt the market will stop here with a triple top, while making higher closes on higher timeframes.
NFTs will probably pump again and I doubt that that sector doesn't have more juice left. There aren't that many LARGE NFT tokens out there and most have fairly low market caps. Even AXIE has a relatively small market cap based on the duration and strength of its pump. It was a Binance IEO and it is still below 500M in market cap despite continuously getting more listings and being one of the hottest NFT related coins on Binance. Now Binance building its own NFT marketplace might hurt some of those projects, but the influx of new people is so huge that I doubt other projects won't benefit.
In terms of TA I can see a dip lower in case let's say BTC drops hard again, but after that i still see it going higher. It has shown tremendous strength and the trend is super clean. Long and Strong!
$AXS/BTC 3h (Binance Spot) Descending triangle break and retestAxie Infinity has broken bullish and is now retesting the triangle, let's enter here.
Current Price= 0.00012764
Buy Entry= 0.00012689 - 0.00012069
Take Profit= 0.00015303 | 0.00017582 | 0.00021946
Stop Loss= 0.00010427
Risk/Reward= 1:1.5 | 1:2.67 | 1:4.9
Expected Profit= +23.62% | +42.03% | +77.28%
Possible Loss= -15.77%
Fib. Retracement= 0.5 | 0.786 | 1.272
Margin Leverage= 1x
Estimated Gain-time= 10 days
AXS looks ready to keep rallying!Hello Traders,
Keeping this one quick as it's a Low Timeframe trade, but could be a nice entry to a very strong trend.
Key levels on the chart, Correction Channel looks great along with the fantastic MM series from the low.
That's all for now, price has taken the mic ;)
Happy Trading, always manage risk.
Quality in trading is the ability to react to one's own personal psyche
AXSUSDT forming Cypher | Upto 178% bullish move expectedOn the daily chart, the price action of the Axie Infinity (AXS) token is completing the last leg of bullish Cypher and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per the Fibonacci sequence of Cypher pattern should be:
Potential reversal or buying zone: $0.3889 to $0.2618
Fibonacci projection or sell zone: $0.4880 to $0.7303
Stop Loss:
The potential reversal zone area that is up to $0.2618 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 178%, and the loss possibility is 33%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.