Simplifying Axis Infinity (AXS), Huge Upside potential setupHello! So let's break down the analysis:
Fundamental Analysis:
1. Axis is directly influenced by Bitcoin
Bitcoin dumps massively -> Axis dumps or consolidates
Bitcoin pumps -> Axis pumps slightly or consolidates
Bitcoin minor correction or consolidation -> Axis pump insanely, just like right now
2. Fundamentally, Axis growth is going exponential, the traded volumes are increasing greatly!! Very bullish sign. Adoption is insane.
Technical Analysis:
1. As we can see, Axis formed a bullish triangle, or if you consider the previous run, it made a bullish flag pole. these chart structures have 66% chance to break upwards.
2. The usual approach is, we take the pole length and put it where it broke out to find out rough selling target
3. As I studied the past chart of Axis, more than technical supports and resistance, Axis tends to follow Psychological S/R. So From that perspective Important price points are:
$50 - Support
$60 - Sell target 1
$75 - Sell target 2
$100 - Final Sell target
Cheers, Have a nice day!! Please comment if you have any question or feedback
Axieinfinity
Axie Infinity DON'T BE SCARED, YOU!!Folks,
Morning from the lovely Netherlands.. How is your mindset today are you in that winning state???
Honestly HOW DO YOU FEEL?? This is seriously a very important question.
Because when you don't feel any good than what is the chance that you will have a good day trading? IS it wise to trade when you don't feel good?
This is a question I ask myself everyday.. How do I feel while meditating in the morning.. And seriously trading starts with your mindset and the way you feel.
Because when you feel good and are in that winning state then you see chances, chances see you and reach out to you. When I was reading the book of Mark Douglas --> Trading in the zone
He described this and while reading I didn't understand it. But with experience and being in the market and logging the way I feel daily before starting analyzing my charts and days. Has helped me to gain insight in myself. This takes a lot of discipline to do it day in and day out but I swear you will benefit from it not only in trading but in life, generally speaking.
OK jump in to the chart.. As you know I trade with the 4 hour and daily charts..
All what I explain here is my opinion and decision taking that is based on the knowledge I have gained and the experience.. It is good, for you, to question things I say or write down.. Do your own research.
But what I see in the 4 hour chart is profit taking from yesterday and that is normal as do prices never fly in a straight way up or down. The three white candles is a bullish reversal candle pattern (bullish) called the THREE WHITE SOLDIERS
We are testing the support line and even the 50 day MA. If we hold this and the next 4 hour candle hold it or even closes higher than we can look back up again.
There must be a price that confirms we are bullish again and it should close between $43.75/$44.-
If we don't manage the hold support be aware of moving 2nd support be aware of moving even lower..
But combining all the technicals in combination with candlestick patterns and methodology I expect price to hold support and 50 day ma and will move higher and breaking resistance..
But as in trading nothing is sure unless it has happened..
Quote of the day;
Do more of what works and less that doesn't work.
SHORT OPPORTUNITYA few indicator show the SLP is at strong downtrend, and could be capitalized with short position.
As per writing, the flows within crypto market are also coming back into its main coins such as btc and eth, which means another point for suggesting that the SLP as a lower tiered coin, will go down.
Just my 2cents.
SLP! Teknikal Tipz:
#SLP Axie Infinity Zone.PH
Showing strong resistance sa $.23. If ma break, next resistance level is $0.20 sa 1D timeframe.
Once na mag bounce sa $.23 or $0.20, possible na gumawa ng wave 5 Elliott wave si SLP breaking All Time High to $0.60 - $0.70
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Axie production cost risingIf you breed axies, now is a good time to purchase enough SLP and AXS to continue breeding into the next week. This is because we expect that the cost of the resources to breed an axie two times will increase, taking up the axie prices with it. You can also hold onto the axies you produce for a little longer in anticipation of higher prices, if you are willing to take that risk. After this moves up and shoots over the top, we expect it will start a bear market so let's plan to sell all bred axies by no later than the 10th of August.
Happy breeding.
AXS bullish wedge breakout with price targetsThis trade is set up with the pattern breaking of the bullish falling wedge pattern. One this pattern is broken to the upside you could enter this position. The stop loss and take profits are listed on the chart.
This set up has multiple bullish indications on it, including bullish divergence on the MACD histogram shown on the chart, a MACD line crossing up above the signal line, the RSI is starting to enter bullish territory and the falling wedge consolidation is about to break out of the top resistance trend line.
This is also an amazing project doing very well with their game that was launched. I say this often to the class that I teach, NFT’s will go first, DEFI next then the normal flow of money we’ve saw for years in the crypto markets.
Disclaimer, this is not financial advice and trading any market is a risk. Please be responsible.
Have a green week!
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.
_______________________________
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 great potential coin with strong fundamental and techincalHi everyone! This AXS is looking really great at the moment and has been very strong ever since the game Axie Infinity has been picking up well currently.
Also, alot to do with the video by famous YouTuber banter in last couple of week ago.
Not only the FOMO is strong and persistent, the game is doing really great with player base growing exponentially everyday.
Technical Analysis:
The RSI is healthy, pitchforking showing me that it could possibly reach 80 on 12th Aug and potentially hit 350 in Dec 2021.
Not Financial Advisor
Axies to Infinity & Beyond!AXS 200% run doesn't appear to be done just yet. After it completes consolidating in a bull flag formation at the $40 levels, I expect AXS to breakout and continue it's journey higher towards $60 area and then after a small re-tracement, push on higher towards $70 area before starting a corrective ABC structure
NFA - Please always DYOR! -
Please like and follow if you found this idea helpful - Thanks! 🤑
AXS PUMPED, TOLD YAMISS ME?
I'm BACK, and AXS got 1.6 billion marketcap NOW, cheers
we gonna hit 2 bil marketcap soon and if you look at AXS/BTC you see the madness of this project
for my new followers who don't know what AXS is, Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players.
targets 31 - 33 - 35 - 37 - 40
stop-loss 27 - 25
Welcome to the age of altcoin millionaires