SLP to ~ $0.018 Alright we have quite a few things going on here with SLP.
1) Even though there's been news of Axie reducing coin supply to stabilize price, im still seeing in increase in supply by around 500,000 coins daily. That combined with decreasing demand does not make for a bullish situation at this moment.
2) We have rallied over 300% in about two weeks in combination with the daily ichimoku cloud touch. That cloud spans roughly 140%. This means SLP will have to rally another 140% with increasing daily supply just to break the bearish cloud.
3) We were in a beautiful bull flag on the 4hourly chart but the problem with this is the price made it pretty much all the way through the apex, which generally isn't a good sign. Especially after testing very heavy levels of resistance.
4) We have potentially a inverse cup and handle forming on the lower timeframes (4hr, 1hr) that would put the price right around $0.018. This also lines up with one of the very few major support zones SLP has charted in its lifetime, which you can see with the green box. If we do not react from here it is likely to go all the way back down to the price it was before this pump.
5) The 0.018 cent level also lines up relatively well to the .618 area on the fib retracement. A wick down to the green box would suffice.
6) This is not financial advice. Trade carefully.
Axieinfinity
Trading Signal For AXSUSDT Axie InfinityTrading Signal:
There is a Trading Signal to Buy in AXSUSDT Axie Infinity.
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 55.85
⭕️SL: Close bellow 50.40
🔵TP1 @ 71.70
🔵TP2 @ 92.90
🔵TP3 @ 120.35
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments .
SLPUSDT, This kind of movement can be happen after 400% profitHello everybody
According to the chart and previous analysis, the price done our TP and our VIP Membership took 400% Profit and now we think this kind of route can be happen for the price because the price should have some recovery and correction of this heavy and powerful upwards wave.
If you have any question send us messages
Good Luck
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AXS Elliott Wave Analysis : Will the pivot hold?Bullish scenario from last chart played out pretty good.
Looks like there was a pivot put in at that point.
But will it hold?
So a couple things of note for me when I look at this PA stand alone in a bubble.
Currently the PA is nearing an Invalidation area, once it crosses 56.60.
But I still think there is a chance that a motive wave, expanding Diagonal, could still be considered.
Another option still on the table, is a 1,2/1,2.
The 3rd short term bullish option would be that there is a completed ZZ and the move down from 71.78
could be an X wave, but I have not zoomed out to consider the context to see how it could fit.
Holding 46.01 would be a key pivot to hold for these options to stay viable/considered.
The Bearish option is that a ZZ has completed and a new low is possible.
A completed ZZ does not necessarily mean the correction is complete as it could be the gateway to a
larger corrective structure.
If it breaks below 55$, by more than just a wick, and throws back for a retest that could lead to a LL as well.
But for now watching this area.
Already in the algo buy zone, but would be even more interesting if there is one more low to test the support
as well as there is ample other factors to contribute to the confluence, MO.
Algos
Previous Flip
Some Elliott Wave fibs as well.
Staying above 53.50 would be ideal.
AXS Long Hi Traders,
Hope you all are doing well,
Here is my AXSUSDT setup, which is showing an upside potential of 42% from the current market price.
This analysis is based on a fib retracement and Elliot wave.
At present we are testing 50% retracement from the previous lows and awaiting an impulsive wave 5.
CMP: 59.10
TP: 85 (42%)
SL: 50 (15%)
RR: 2.8
Happy Trading :)
Retracement for SLP until where? Lets check in FIBPrevious post:
Now SLP need a retracement /correction since a big impulse has been made in previous days.
The Golden Ratio in Retracement in using fib is normally 0.618 - 0.786. I saw some retracement in SLP as well at 0.618 previously. Now it is possible that it will retrace @ 0.0246$ max 0.0215$. This will not be a retracement if this will go beyond that, meaning if this will go down below 0.020$ , SLP is back to bearish trend.
Now , we need at least to see a valid bullish divergence + other bullish signals when the price reach on that price. We can see now that in 1HR bullish div is forming. Hoping to reach 0.060$ in the next few days.
As of today, AXIE infinity announced that before end of Q1 2022 ORIGIN will be launched. This fundamentals news may affect the SLP soon and make a good growth.
Please DO YOUR OWN Technical Analysis, make this only as a guide. Message me if u want to learn my strategy.
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.
"Why is SLP Pumping?" The FundamentalsWhy is SLP pumping?
Roughly 40% of SLP is created from adventure mode, roughly ~44% of SLP is created from PVP, and the remainder (~14%) is minted from players claiming the daily quest.
Adventure and daily quest rewards have been completely REMOVED in season 20. 54% of SLP minting has just been TURNED OFF (well, before calculating new mints with updated PvP distro, that will take time though).
More slots added to PvP bracket, which means more teams will be breeding to hone Axies. SLP demand theoretically increases. Further incentives with a PvP total reward pool of roughly worth 6 million USD.
Other use functions for SLP teased with cosmetics and part upgrades. Users MIGHT horde SLP in anticipation. The dev team calls this "Vertical Progression", think skill trees in traditional video games, or other areas you sink EXP into.
Axie Land gameplay also looms on the horizon.
MY CONCERNS: New SLP distro will be quite top heavy in PvP ranking. This can create a self reinforcing feedback loop, where top teams remain top teams simply because they have more in game capital to continue improving. There's a possibility this can alienate new players and create a centralization of power. The question would be then, do the fat cats dump their SLP on the market to capitalize play to earn, or do they keep demand going and reinvest into their teams to hoover up more of the 6 mil reward pot (in AXS).
TL:DR SLP mint more than halved, demand and use case (or burn functions) increased.
Once again, the Axie Team is HIGHLY AWARE of their fragile ecosystem. Looking through their updates and white papers, the moves they've made so far are actually highly strategic. Now that they have the user base, they plan ok focusing more on the gameplay aspect, which means MORE USE CASES FOR SLP.
I don't have tons of capital, but I personally will be tossing a couple hundred into SLP every paycheck. I'll be looking to exit roughly around the time BTC has a blow off top. I am highly curious though how the economics of this coin will play out, seeing how the dev team can easily manipulate economic factors surrounding SLP. Maybe this means we see SLP and AXS break correlation from BTC's gravity. It's something I'll be keeping a close eye on.
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.
--------------------
$AXS/USDT LONG SETUP
Leverage : x3 - x5
Entry Price : 63 - 67
TP 1 : 69.25
TP 2 : 73
TP 3 : 77.75
TP 4 : 82
TP 5 : 87
TP 6 : 91.5
TP 7 : 97.5
TP 8 : 107
Stop Loss : 56.25
*Maximum 3% of Portfolio.
*Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry.
--------------------
AXIE INFINITY gain 🚀As I mentioned in my previous analysis ✔️
the price has started to gain from the support area middle of the channel and breaks the channel resistance to the upside 💣🐳💣
and now
we expect more gain for the price and our targets are located on the chart 🚀
on the other hand
this coin has fundamental sign for gain 📖
and
the yellow zone on the chart is based on the Fibonacci levels ✔️
This is not financial advice, always do your own research.
Please, feel free to ask your question, write it in the comments below, and I will answer.
🐋
Long-Term Picture of Axie InfinityHey there.
Accurate reactions to this channel leads me to believe that Axie Infinity is moving inside these parallel channels. If so, AXS might have started a new move.
Targets? I do hope AXS/USDT returns to upper channel and if that happens, targets like 400 would be in sight. This would of course take quite some time to happen, but short-term targets are exciting as well. Let's discuss those in another post.
Let's discuss what you think about AXS/USDT in comments.
Cheers.
Harmonic Gartley Pattern for SLP- Possible drop then Pump againGartley Harmonic pattern for SLP now.
Another bullish signal showed after the announcement of Season20. Another day ago, we saw a bullish divergence then price pump to 0.012$ from 0.009$.
Now its need to retrace and if Gartley pattern is valid, it will retrace to 0.0095$.
Possible pump again after retracement.
This is only a guide. Do your own Technical Analysis.
AXIE INFINITY long position 🚀Based on the chart, price stick in descending channel ✔️
and
has started to gain from channel support and support area ✔️
so
we expect more gain for the price at least to channel resistance and if the price breaks the channel resistance we can see more gain 🚀
and
our first target is $95 🚀
if
the price breaks the $95 and round number of $100 and stays above these levels, we can expect more gain 🚀
and
our next target is $150 🚀🚀
This is not financial advice, always do your own research.
Please, feel free to ask your question, write it in the comments below, and I will answer.
🐋
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.