Like Bitcoin when it was at $1100 the rise of miners and amazing demand for mining rigs led to the depression of price back to $200
as big and small miners cashed in FREE COiNS from simply running a PC or FARM 24/7
so do AXiE armies cashing in hoarded SLPS together by early PLAYERS
Smooth Love Potion is down-trending hard but is approaching strong demand zone and seems to be near reversal!
Risk/Reward= 1:2| 1:3.67 | 1:5.2
Expected Profit= +96.27% | +177.10% | +250.70%
Possible Loss= -48.25%
Fib. Retracement= 0.236 | 0.382 | 0.5
Estimated Gain-time= 5 months
0.00003031 - 0.00002279
$AXS vs $USDT seemsto be creating a top here. Inverted hammersshowing rejection at the top, followed by a bearish engulfing candle creating a supply zone. Also bearish divergence with RSI could indicate that the bullish trend is is losing strength.
As stated in the video, the next big leg up like the preceding two will require as much or more of an accumulation period than we've previously had.
Currently the sequence seems to be to form a pattern just before hitting the Daily 20MA and on the test of the 20MA, we get our leg up.
Previous legs up required Aprx. ~1 WEEK, then ~2 WEEKS before their big...
Its been a while since I posted some opportunities and its been because of lack of time (Hollidays, Friends weding etc.) I also reduced my trading time globaly as I´m more focused then before on mid/long term mooves. But I found one asset worth to take a look at with current trading setup on short/mid term with R:R2 on 50% or even more
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...
* Axie infinity in 1H time frame is moving between two trend-lines, where the upper trend-line is working as the resistance for the price and the lower trend-line as support.
* Breakout on the either of the trend-line will give a good move.
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...
This is my AXS working chart for trends.
The pattern is repeating.
BTC is a factor, but AXS has been self supporting. HOWEVER, if BTC and ALTs take a nose dive, AXS will dip.
Next move - I suspect a small sharp rise/fall/rise/fall and more consolidation before once again rising fast (Subject to BTC activity).
BIG NEWS - in case you missed it, Axie Infinity...
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...
An idea that supports the bull status on axieinfinity
Tried to explain my reasoning for the move up using 1,2,3 movements
The obvious bull reason is the positioning above the 4.618 fib which is a very bullish sine
FOMO will set in pretty hard with this one.