Axie Infinity Shard is pulling back to 50MA support, a bounce leading to another bullish move towards 200MA resistance seems likely.
⚡️⚡️ #AXS/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Long)
Leverage: Isolated (1.3X)
Amount: 7.0%
Current Price:
7.665
Entry Targets:
1) 7.310
Take-Profit Targets:
1) 9.725
Stop Targets:
1) 5.695
Published By:...
Don't think I'll take this trade (simply because I think there are better trades out there), but I like the thought-experiment around $RON staking coming early next year, what that means for $AXS outflows and where price could go. The fib extension and 10 cents price marker represents a further and healthy 50% drop, and if the timing is right, potentially seeing...
From the Wall Street Journal:
"U.S. law enforcement linked the Lazarus Group, an online crime syndicate connected to the North Korean government, to the $540 million hack of the online game Axie Infinity last month.
The theft, infiltrating the network upon which the game is run, was one of the largest in the 13-year history of cryptocurrencies. The perpetrators...
I am quite speechless about what $RON did, I did expect this coin to consolidate for a few weeks however, it has hit TP1 2.0 and TP2 2.25, and TP3 2.5.
I...Told...You...So...
Previous Signal Given:
Entry: 1.6 - 1.7
Target: 2.0 - 2.25 - 2.5 - 2.75 - 3.0+
SL: 1.44
I do expect a pullback
Lately there has been an increase in hacking activities in crypto and Web3 related projects as whole, as hackers target smaller projects and platforms to siphon money out of vulnerable systems.
To be clear, none of the major protocols or coins has EVER been breached - Bitcoin, Ethereum, Dogecoin, Tezos, etc. The protocol has always been safe, and decentralized....
This is just really a hunch but I believe a 1 month accumulation period for Ronin Network will occur after this 30% move to the downward side, and once this period has concluded my thesis is that volume will start to come into this coin smashing it right through $2.5
Entry: 1.6 - 1.7
Target: 2.0 - 2.25 - 2.5- 2.75 - 3.0+
SL: 1.44
