AXSUSDT
Axie Infinity (AXS) - April 10hello?
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(AXSUSDT 1D Chart)
(buy)
- After confirming the support around 53.50
(Stop Loss)
- When it falls below 45.62 and receives resistance
(Sell)
- When resistance is received in the section 53.50-78.21
- When receiving resistance near 97.50
A whipsaw is likely at 53.50-78.21 as the indicators at 53.50 and 78.21 are inverted.
A move above 97.50 is expected to trigger a surge.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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Axie InfinityWhat Is Axie Infinity (AXS)?
Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players.
To learn more about this project, check out our deep dive of Axie Infinity.
Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies.
These Axies can take various forms, and there are more than 500 different body parts available, including aquatic, beast, bird, bug, plant and reptile parts. Parts from each type class come in four different rarity scales: common, rare, ultra rare and legendary — and Axies can have any combination of body parts, making them highly variable and often rare and unique.
Each Axie is a non-fungible token (NFT) with different attributes and strengths and can be entered into 3v3 battles, with the winning team earning more experience (exp) points that are used to level up an Axie's stats or evolve their body parts. These Axies can be bred together to produce new and unique offspring, which can be used or sold on the Axie marketplace.
The Axie Infinity ecosystem also has its own unique governance token, known as Axie Infinity Shards (AXS). These are used to participate in key governance votes and will give holders a say in how funds in the Axie Community Treasury are spent.
AXS going for another all-time high?Weekly timeframe for AXS shows a hidden bullish divergence, would it go for another all-time high?
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Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
Divergence signals tend to be more accurate on the longer time frames. You get fewer false signals. Divergences on shorter time frames will occur more frequently but are less reliable.
READ THIS NOTE!!
Market can do anything specially on crypto, because of Bitcoin, investors often consider Bitcoin as the reserve currency of the cryptocurrency market, similar to the USD in the global stock markets. When bitcoin (BTC), the largest cryptocurrency by market cap, goes up, other digital tokens tend to increase in value as well. When BTC declines, it's likely that other players in the space will drop at the same time.
✅ What is SLP in Crypto?💥What is SLP in Crypto?
...
Smooth Love Potion (SLP) is the in-game digital currency of the Axie Infinity gaming metaverse. It enables the game's players to breed collectible digital pets — known as Axies. The overall demand for SLP tokens has grown such that they are also traded on cryptocurrency exchanges.
AXS - 53,54 To Be RevisitedApart from the recent bad fundamentals ( $600 million Axie heist ), the chart agrees:
AXS is under support and will most likely need to revisit the 53,54 level.
We are short already ehre since last week since we always hedge and it usually works.. our AXS short positions will remain until that support at 53,54
One Love,
the FXPROFESSOR
AXS - Video Top-Down Analysis!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for AXS .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!
All Strategies Are Good; If Managed Properly!
~Rich
SLP/USDT strong potential in parallel of AXS (Update)SLP/USDT strong potential in parallel of AXS (Update) - NFT Sector
Smooth Love Potion ( SLP ) tokens are earned by playing the Axie Infinity game. This digital asset serves a replacement for experience points.
SLP are ERC-20 tokens, and they can be used to breed new digital pets that are known as Axies
SLP is also unique because of how it has become one of the few in-game tokens to be listed by Binance in its Innovation Zone. The exchange has reserved this trading category for assets “that are likely to have higher volatility and pose a higher risk than other tokens
Context:
Regarding the lake of historical data it for now not possible to present picture with a strong conviction - However the few technical elements and wave proportion can already leaning towards an interesting upside potential in parallel of the success on AXIE. The recent bullish price action is reinforcing now a new upside acceleration dynamic (RSI + EMA).
Previous analysis - 10/02/2022 :
Tactical view - 1 to 3 weeks
The fact that 3 key elements ( EMA upside breakout, RSI 50% upside breakout and first Harmonic on 3H basis upside breakout) are already bullish pre-signal allow us to be confortable with a larger rise at least to test 0,0560 (Lin scale) before 0,0910 (Log scale) in order to complete the harmonic auto-similar move (action/reaction). The next target above 0,0910 are more to be consider for a strategic horizon once 0,0910 has been surpassed at least in a weekly close.
Update :
(i) accumulation bullish momentum in dip (area possible 0,0215/0,0150) as been done
(ii) As long as 0,0170 remains a key tactical support valid the market is expecting to raise directly now towards 0,0560 Before 0,0910 (= 3780 ETHUSDT resistance equivalence on current level)
Related analysis (AXS) =>
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AXS, big BULLISH FLAG breakout! Axie Infinity (AXS)! A huge hackers attack happened on a gaming project this week! About $622M was stolen! How will this affect the price? Let's find out!
Right now the price is in the descending channel. Also, we can say that this is a bull-flag pattern. According to the rules, when the price breaks this flag, it should grow by 46% and reach the target of $90-100!
We expect a test of the $53-58 value zone and a false breakout! If a BIG player will buy, we will see it on the big volumes!
Will the price go up or down after the HACK? Write in the comments!
Friends, press the "like" button and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
AXS flag breakoutPrice had nice daily close, wicking down to 20 day ema, closing with a moderate bullish spread. Price made impulsive move up followed by a very clean flag - channel printed on the 4 hour. Price broke out on the 30 min time frame with ultra high volume to the upside.
Stop loss: Just below daily s/r and vpvr level, inside of previous channel, and in trough of volatility zone measured thru out channel
Take profit: At next daily zone, aligning with the 0.272 fib extension level of flag
AXSUSDT trade setupAXS is forming bullish flag and about to break out. Beside this the game owners are going to launch Origin game on April 7. It would pump the price of the coin.
Buying Zones:
Wait for breakout of flag pattern. Take entries at 66-69
Take Profit:
1. 71.90
2. 78.21
3. 80.27
Stop Loss: 57