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Axieinfinity

$SLP Smooth Love Potion Key Support LevelIn this chart, We identify the key support level As we can see the probability of it holding is high but given the fundamental news about Axie Infinity, and Smooth Love Potion has an unlimited supply and there is more minting that is happening the price can touch the $0.0614 level. This is one of the worst case scenario. Hoping that it will bounce and not stay there will be an indicator that Axie is recovering from it's economic collapse. This is one of the problems of #NFTGames... Thank you. What are your thoughts?
by amosjohndomingo
11
Axie Infinity AXSUSDT - Warning to all hodlers! Elliott Wave- On the chart we can spot an ending diagonal Elliott Wave. - The price is at the top of the channel, which acts now as a resistance. - Is it now good time to sell? Due to technical probably yes. - There is also a bearish divergence on the RSI indicator! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"! - Maybe it is a great time to sell this coin, take profits and buy something else.
by UnknownUnicorn2537518
6
AXIE - Nominated for the 'It Can Turn Painful' Award 😬Architected by Sky Mavis and inspired by Pokemon, Axie Infinity is a "play-to-earn" pet training game and virtual world built on the Ethereum blockchain. Players can collect, breed, battle, and trade in-game pets called Axies. All in-game assets are represented via fungible ERC-20 or non-fungible ERC-721 tokens and thus trade on secondary markets. I know a lot of you are going to hate me and I HOPE that I am wrong but this can end up being the one correcting a LOT..take a look at the chart, I'm saying no more. Axie Infinity Online game Rated only 3/5 · Facebook Axie Infinity is a NFT-based online video game developed by Vietnamese studio Sky Mavis, which uses Ethereum-based cryptocurrency AXS and SLP. Currently it's the most expensive NFTs collection with more than $42 million in sales in June 2021. (OMG I feel bad already): '' When playing video games becomes a full-time job The digital economy has created a new market that can turn a love of online gaming into a profitable occupation through titles such as Axie Infinity and The Sandbox'' So basically the article speaks about the pandemic and how this AXIE will make kids at home some money to save for the future. I wish all this could be true but wasn't this game launched by some business men/women to make money for themselves? Well they for sure will make them..not sure about the kids around the world. Maybe sell before it 'corrects' and donate at children.org/ Even if it goes higher you will still be blessed and happy! Sorry for being honest with you all, this is how I feel and what I see on the chart... air the FXPROFESSOR
Short
by FX_Professor
7
🆓Axie Infinity (AXS) Aug-18 #AXS $AXSAXS is constantly being rejected at the $75 zone and if it can't break through it it will correct to the $60 zone or even the $45 zone before rallying back to the $75 zone and even rising to the $75 zone and $100. However, we need to pay attention to the buying power of AXS, if there is an unusually strong buying force, it will quickly increase to the $100 zone or even higher in the next few days. 📈BUY 🔴Buy : 58.5-61.5$ if A. SL if B 🔴Buy : 73-77$ if A. SL if B 📉SELL 🔴Sell : 73-77$. SL if A 🔴Sell : 97.5-102.5$. SL if A ♻️BACK-UP 🔵Buy : 73-77$ if A. SL if B 🔵Sell : 58.5-61.5$ if B. SL if A 🔵Buy : 44-46$. SL if B ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY and SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
by CryptoStation
MY VIEW ON Smooth Love Potion (SLP)Looking at the market structure of Slp when my friend Christain Onyemetu sahred an insight of the coin to me. I looked at monthly chat and noticed that the general market of slp is overall bearish and the price is also trading at demand zone, so I marked my order block and drew my trendline and they confluenced at $0.177 and I mark there as my point of interest and I am going to set my buy stop at $0.177. Remember this is nota financial advice, you can as well do your own reaserch. Little info on Smooth Love Potion (SLP) which you may also like to know is below: What is SLP? Smooth Love Potion (SLP) tokens can be earned as rewards by Axie Infinity players through battle or adventure mode. SLP are tokens that can be used to breed new digital pets, known as Axies. It was formally known as Small Love Potion before the token upgrade to the Ronin blockchain. The cost of breeding begins at 100 SLP but increases gradually — rising to 200 SLP for the second breed, 300 for the third, 500 for the fourth, 800 for the fifth, and 1,300 for the sixth. Axies can be bred a maximum of seven times, and the seventh breed costs 2,100 SLP. This limit exists in order to prevent hyperinflation in the marketplace. SLP paves the way to the concept of Play-to-earn which popularizes the Axie Infinity games among players who are looking to earn some money or participate in DeFi. It is especially popular in countries like Philippines. Besides SLP, Axie Infinity has a governance token called AXS which players can use to participate in determining the future direction of the game. How can I earn SLP? You can earn SLP by playing the Axie Infinity game through winning battles and fulfilling daily quests hence the "play to earn" term was coined. To start playing the game, you would need to obtain some Axies from the marketplace, which are creatures that can be used to battle other players in the game. Another way of obtaining Axies would be through some interest groups that offer Axies as a loan in the form of a scholarship. SLP earned from the game are splitted between the scholarship holders and the group lending out the Axies. How much SLP can I earn per day? SLP earnings can vary depending on the players' skill and their energy resources. On average, a good player can reasonably earn 200 SLP per day through winning battles and fulfilling daily quests.
by benedictdominic222
AXS/USDT Potential 27% gain...If AXS/USDT breaks down there is virtually no volume stopping this 27% drop. I believe the Bearish Scenario is the most realistic scenario to occur. Bearish Scenario: Currently ATX/USDT has hit ATHs after rising 67.52% ATX has already pulled back 15.98% .If the support of $63 is broken there is very low volume that will hold as true support until $43-$45. ATX has a low volume demand zone that may cause a rise in price but this will not hold for very long as it is not true support. Bullish Scenario: If ATX/USDT breaks current resistance. There is high volume resistance which could cause ATX to consolidate until the next pump or dump happens. If price pushes past $75 there is little to no resistance that would potentially create another 50-60% push happen. I am not too sure how high ATX would rise in this scenario. As always trade safe and look for high volume and great price action before entering into a position. I will be keeping you guys updated throughout the week! Let me know what you think in the comments!
Short
by USBullsBears
Is AXS coming down for a bit?MTF EMA's have flipped, and it seems the short term support around $65 may become resistance. This is also a fib .382 level that we're sat on right now. We're under the Ichimoko cloud, with downtrending conversion and baseline trend lines and lagging indicator hit prices already (all on hourly). Looking at the feb speed fans, we're under the support levels and retesting this and the next hour. Short term bearish. Only bullish thing I see is BTC might have another little run. On a Sunday though... Anything is possible, trade safely people. Peter
by CryptoChonk
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.
Long
by bowtrix
1
Keep your eyes on AXS per SLP!Recently AXS has been outperforming almost everything, including SLP. The metric of how many SLP one AXS token costs is extremely crucial for the Axie economy because it impacts the breeding fees, price of axies, and more. So it's important to watch this metric as Axie Infinity players even if we don't trade it (not a "listed" pair). It looks ready to rise to a new all time high of 450 SLP for each AXS before falling as low as 225 SLP per AXS. This fall should probably be expected to lead to a very long and boring consolidation, similar to what ETH VS USD showed recently on the daily time frame (see our recent idea on ETH, where we predicted the triangle pattern long before it happened). For breeders, this is very good. We can get AXS to breed easier. For SLP farmers, this is even better. You can funnel SLP earnings into AXS and hold, waiting for the next leg up. For traders however, this spells disaster since AXS could decrease to make this move happen.
Short
by bowtrix