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ASXUSDT Revenue Jumped Another 85% In AugustHi Guys, We will be talking about a very bullish asset, ASX / USDT Axie Infinity continues its parabolic run. The Ethereum-based NFT game’s revenue increased by over 85% from July to August. The game generated more fees than all other crypto protocols aside from Ethereum. In August, the game took $364 million in protocol revenue, up from $196 million in July, according to data from AxieWorld. This amounts to a growth of about 85.7% month-on-month. In early August, the team reported it had hit over 1 million active users of the game across the world. As the game has attracted more users, in-demand Axies and plots of virtual land have also changed hands for up to seven figures. Key Takeaways: Axie Infinity's revenue jumped by 85% from July to August. The game takes revenue from selling NFTs. The game registered $364 million in protocol revenue, up from $196 million in July. The latest growth stats show Axie has maintained its lead in blockchain gaming space. IF YOU AGREE WITH THIS, PLEASE LIKE, SHARE AND LEAVE A COMMENT. TRADE SAFE.
Long
by GerradFletcher
NHC - Trade PlanNHC has a very nice chart with impressive price action but now it seems that it may be due for a pull back because as price is going up, we can see Bearish Divergence on the RSI and MACD. The Bullish Momentum maybe running out of steam. I expect a pullback towards any of my my Buy Zones. My first Buy Zone is between $1.80 - $1.95 and my second Buy Zone is between $1.50 and $1.70. Lets see how it develops. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:NHCLong
by AsimMirzaTrader
LYC - Trade PlanLYC has been making higher highs but on the weekly chart we can see Bearish Divergence on the MACD and RSI, which is a sign that the momentum may be running out of steam. I expect a decent pull back for a possible buying opportunity. My Buy Zone is between $5.15 - $5.75, where I would be entering after some sort of Bullish price action confirmation. Lets see how it develops. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:LYCLong
by AsimMirzaTrader
1
CXU - Breakout?CXU has fiercely broken out of its downtrend line and the price action coupled with very high volume is very constructive. Being a Uranium stock and the increasing prices of Uranium, this looks like it will continue on the upside on a tear. I am bullish CXU with a TP 1 of $0.055 (potential 25% gain) and TP2 - $0.068 (potential 50% gain). Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:CXULong
by AsimMirzaTrader
PAA - Trade PlanPAA is trading currently n a descending wedge and is struggling to close above long term trendline. If it manages to close in the given spot (Green Circle Buy Zone), then it may confirm a change in trend and may get bullish, as this is a very Bullish structure. We need to see good volume and a thrust to the upside for confidence. Lets see how it develops in the upcoming sessions. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
PLong
by AsimMirzaTrader
BUX - Trade PlanBUX has reached strong support which is also the global POC of Volume Profile. We need a bit of bullish price action confirmation before taking a buy position, so far the price action looks good. If price consolidates at the current level around $0.070, then we could see price going higher. I will be monitoring price action and once confirmed will take a long position with a target of $0.100 (potential 32% gain). Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:BUXLong
by AsimMirzaTrader
SZL - Is it time to get Bullish?SZL may be giving another buying opportunity as it has bounced off for the 3rd time off its trendline. Currently it lacks momentum, but if price picks up or even consolidates at the current levels above the $6.30 zone, then we might see momentum picking up. For this scenario, the low must hold, and it could target the next Resistance level of $8.40 (potential 25% gain). Lets see how it develops in the next sessions. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
SLong
by AsimMirzaTrader
3
VVA - Reaching SupportVVA has reached a very good support level now, which is also the global POC of Volume Profile at $1.600. MACD is also forming Bullish Divergence which indicates that the bearish momentum might be coming to an end. We might see a thrust to the upside. If price breaks the downtrend line to the upside along with High Volume, coupled with MACD cross, this would certainly be a buying opportunity and a possible change in the Bearish trend. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:VVALong
by AsimMirzaTrader
ALU - Trade PlanALU slumped hard but there could be another opportunity to buy it. It has closed the gap now but looks like it may consolidate a bit before going higher. It is currently forming a Bull Flag which is a very Bullish sign. My second scenario on this is that it may fall further towards the POC of Volume Profile around $27.00. My second buy zone is between $25.00 and 27.00, where it may provide an excellent buying opportunity. I will be monitoring ALU closely for either of the scenarios to play out. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ALong
by AsimMirzaTrader
SSM - Triple Bottom Looking Strong.SSM broke out of the downtrend line in late June 2021, and rallied and formed a high of $1.030. This indicates its end of the downtrend. The current pull back has retested support and bounced off as of lately and forming a triple bottom pattern which looks quite bullish. I would be targeting the previous high of $1.030 (potential 16% gain) with a hard stop below the triple bottom support at $0.810. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:SSMLong
by AsimMirzaTrader