$AXS was a coin that hit peak hype and coincidentally has some of the worst tokenomics. $ATOM on the other hand _might_ be forming to be a winner in the next cycle. Simple pair trade, shorting the past hype, longing the future hype and avoiding the crab bites. Similar to SAMA Long below ( + $SOL , $MANA)
Axie Infinity (AXSUSD) has been consolidating below the 1D MA50 (blue trend-line) since August 19 2022. This is so far a similar trading sequence to the fractal of April 02 - April 24, where the price dropped aggressively initially before having the consolidation that kick-started the sell-off of April - May.
The current Support as in April, is the Higher Lows...
AXSUSD (4H Timeframe)
The market is in a downtrend and we are waiting for an entry signal to go SHORT below the 11.64 support level. Only the upward break of 12.93 would cancel the bearish scenario.
Stop loss: 12.93
Take profit 1: 10.87
Take profit 2: 9.59
Strategy: Bearish breakout
Spread trade on narratives and capital rotations:
- Long Solana $SOL & Cosmos $ATOM
- Short Axie Infinity $AXS & Decentraland $MANA
Just playing into intra-cycle shifts whilst trading the orderblocks that seemingly are respected. Seeking to avoid trading the chop on single coins, opting instead to trade one narrative vs another — in this case; trending L1's vs...
I wouldn't dare buy this now. only over 14,2 or lower.
Rejection is continuous and persistent with Tons of Resistance at 13.88 13.93 and 14-14.03
I am short.. just my humble opinion here.
With Mt Gox fears being valid (nobody knows for sure how and when the event will take place) and after Powel's gloomy projections/tone we need to be worried.
Let's be aware...
BITCOIN AND CRYPTO MIGHT PUMP ON GOOD USA DATA:
Weekends have been very weak the past months but this could change. After all, crypto adoption is a trend. Not convinced?
well here it is: Coinbase and BlackRock to create new access points for institutional crypto adoption by connecting Coinbase Prime and Aladdin
AXIE INFINITY’S AXS TOKEN IS...
The following are machine translations:
In the weekly chart, the weekly line is currently stabilizing and rebounding, and the volume is gradually increasing. Since its launch last year, it has been rising in waves, and then it has been bearish all the way. The weekly line has stopped falling and closed continuously, and it is expected to bottom out and...
Another breakout, this time on AXS.
Let's see if the price can go higher now.
News: Axie Infinity Announces Launch of New Marketplace Upgrade
Axie Infinity will deploy an upgrade to Axie Marketplace this August.
The upgrade will support NFT runes and charms and use ERC 1155 standard.
Due to this upgrade, all marketplace listings will be taken down, and...
AXSUSD (Daily Timeframe)
Waiting for the upward break of 18.60 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 12.30 would cancel the bullish scenario.
Stop loss: 12.30
Take profit 1: 22.50
Take profit 2: 28.80
Strategy: Bullish reversal
AXS AXIE INFINITY at crossroads: Sitting on a massive Support that can lead to a 48% rebound...or can be lost and lead to a 51% further decline
Which one is more probable?
What we will do is follow our chart and the price and chase it in either direction.
Welcome to day-trading.
Hello fellow traders,
AXS was one of those 'Go short' trades'.
One can simply buy the dip in this kind of situations.
Instead I have decided to use this new budget into getting more AFFYN.
Why FYN token of AFFYN?
-AXS and AFFYN are related. They are both metaverse PTE tokens
- AFFYN has room to x250 if it will ever catch AXS
- I believe it...
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?
The following content is machine translation:
On the daily chart, at present, yang covers yin, and there may be a short-term rebound.
The indicator macd started to turn bullish. The RSI indicator has returned from the oversold zone to the normal range, and the rebound is viewed.
In terms of operation, it fell and received more during the day, and the maximum stop...
It came out being a Long video:
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