Axie Infinity's all time wave structure suggests that the NFT based video game is due for a major run. Based on the science of Elliott Wave Theory, I believe AXS has one of the cleanest and perhaps most undeniable setups.
Can a 11000% increase in value really manifest?
:)
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the anticipated profit margin is actually 1103x. just to clarify.
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profit margin increased based on new fresh lows:
Trade closed manually
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Apologies. As FTX didn't showcase the full price history for Axie Infinity, it appears that this prediction is not truly valid. Looking at Binance's AXS chart, the form appears to be slightly different in its development.
I think the initial macro move for AXS was a zig-zag wave which would signify a deeper drop than expected for Axie. Recovery/new-all time high remains a possibility but the previous trajectory is nullified.
It may be unlikely that AXS sees any real pump prior to testing the $1.80 mark. Will plan to exit with small profit or minimal loss.
@ArtfulDodger1974, yeah a major correction indeed. likely to break below $2. closed the longs i had; short now.
DigitalSurfTrading
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@ArtfulDodger1974, all good. i have to remind myself to peel through charts to find the one with the most historical data. In this case, FTXs chart was missing years of data compared to Binance, smh. Threw things way off. I shorted it 3X though.
likelyjockey
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Hi , whats your idea for Sushiusdt , Wabibtc
DigitalSurfTrading
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@likelyjockey, nothing very clear from my perspective on Sushi, as for WabiBTC, it should be generally be due for these levels in sequence.
As for crypto, of the Top 500 technologies I've looked over the large majority of them and currently monitor/provide analysis for what I believe will be the best 25 (as for upside trajectory) over the next 7 years or so. Its wild but BTC is at the bottom of the list. A lot of those unknown altcoins are due to make some serious noise. Considering the anticipated price action for Wabi, as you can see with the percentages of upside and downside moves, this is why its good to understand the science of price action and avoid those loss of gains.
patrick67
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In your opinion is prediction still possible?
DigitalSurfTrading
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@patrick67, hey patrick, the prediction is yet valid. the most important thing on the chart are the 5 waves up to the left in yellow. so long as this isn't invalidated with a lower low, the macro prediction will remain largely probable. Axie should start delivering some juicy news soon.
DigitalSurfTrading
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@patrick67, Patrick, I hope you've seen my update. This is no longer a possibility. Read the update above for a more detailed explanation. It is likely that Axie drops below $2. Whether it finds supportive ground or not is up in the air but I think there's a decent chance it will.