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Axieinfinity

AXIE INFINITY time to gain 🚀Based on the chart, price stick in descending channel ✔️ but now become close to channel support and support area ✔️ so we expect gain for the price at least to channel resistance and if the price breaks the channel resistance we can see more gain and our first target is $95 🚀 if the price breaks the $95 and round number of $100 and stays above these levels we can expect more gain and our next target is $150 🚀🚀 This is not financial advice, always do your own research. Please, feel free to ask your question, write it in the comments below, and I will answer. 🐋
Long
by MadWhale
21
Should you buy Axie Infinity or wait?Hello All. Looking at AXSUSD on the daily timeframe, we see that the price of axie infinity is trading inside a descending wedge/falling channel. This is a bearish pattern and is currently testing the resistance of the channel at $46. It is important for AXSUSD to find support at this level or it can fall to the next support level which is at $37. On the daily chart we are also forming a death cross, (50 Ema crossing below 200 Ema) which can push AXSUSD price as low as $20-$14. This is a 70% price drop. Top of the channel line sits around $70, and if the price reaches this level, this will be a 50% profit from the current price. This is possible with enough value coming in and since the stochastic rsi is in the oversold territory. Although, it is less likely that AXSUSD will have a crash to $20-$14, everything is possible if BTCUSD and ETHUSD continue to drop further. (Check out my recent BTCUSD and ETHUSD chart for more information and levels of resistances to keep an eye for). Thanks for reading, and stay tuned. Enjoy.
BINANCE:AXSUSD
by EdgarTigranyan
2
AXS - Weekly Outlook ✅Let's see how AXS is behaving. This is a Weekly chart. The Fib retracement shows that the price dumped on the support level. The support level might be around the $35-$60 area if the price falls even more. The market is showing massive STRONG SELL volumes for AXS. Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance. The Middle Bollinger Band can push down the value, and the Lower band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that AXS is below the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $64 Let me know your ideas. Good luck.
by ShawnMCR
1
AXS - Daily Chart ✅Let's see how AXS is behaving. This is a 1H chart. (Valid for 24 hours) The Fib retracement shows that the price has passed a resistance level, and now it's turned into support. Now it's retesting another resistance level. The market is showing massive BUY volumes for AXS. Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance. The Upper Bollinger Band can push down the value, and the Middle band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that AXS is above the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $75.15 Let me know your ideas. Good luck.
by ShawnMCR
4
AXSUSDT, The price is reaching to bottom of channelHello everybody Surely you have heard about AXS (AXIE), is one the most popular game in blockchain and its working of NFT and Metaverse and this platform wanna ... If you wanna learn fundamental & technical analysis you can send us messages in private ---> Our id is in profile According to the chart, we expect the price should drop more to reach to the bottom of the channel and according to the price that at the beginning was started moved in upward channel at this time we expect the price that be supporting at this bottom and should move upwards but in this scenario that is ready to start new rally or its only move upwards for correction and emotional its very soon to say and predict. At first we take profit of this movement then the market move and show us other waves we can decide about this. Dont forget if you be in position use stop loss and take trigger then entrance it. If you have any question send us messages Good Luck Abtin Previous analysis :
Long
by Abtin00
SLP, Some Fundamental Thinking on Axie's FutureSLP being a utility for a Metaverse game is a double edged sword. Being it's mainly a reward function (as of now), I don't believe TA will have much influence here. It will be the fundamentals that will drive direction, determined by the underlying game it's tied to. Bullish Points At any point, Axie could implement new mechanics and functions that bring demand back into SLP. They've already done so in a small way my limiting distribution according to MMR. The upcoming Axie Land update will be something to keep a close eye on as well. Maybe they add an in game shop with NFT's or something. Maybe they allow skill reroll or trait mutations by using SLP to do so. Maybe Axie simply adjusts the cost to breed. There are a couple of economic levers they can pull to adjust SLP demand. Bearish Points Axie keeps SLP functions as is, allowing SLP to continue to mainly act as one piece of an off ramp to get paid for playing. This limited use case will continue to drive sell pressure IMO. I understand its also used for breeding, but it's obvious that the demand from breeding isn't enough to affect price as it currently sits. Axie incorporates another coin to drive game functions off of, further driving SLP stagnation. Axie further stagnates, and people start to deem it no longer worth their time to play. People begin to cash out in an attempt to hold some form of value. In Closing IMO This coin will live or die on Axie's patches, updates and adjustments, not on TA. Keep an eye on big updates like the upcoming Axie Land. It sounds like a lot new functions will be added, and I'm curious how many of these functions will be driven by SLP. Could be an opportunity to get in cheap, or lose another 90+%. It's a real gamble unless you have an ear in on the dev team. Not financial advice, just mad ramblings.
by Jiffydude
6
AXSUSD within its Buy Zone flashing the same signal as JuneAxie Infinity has been on a long-term Fibonacci Channel Up ever since its first trading day in November 2020. As you see, it has two clear pressure zones, a Buy Band (green) and a Sell Band (red). Those have never failed to give clear buy/ sell signals. What has been an even stronger buy signal though than AXSUSD trading within its Buy Zone alone, is that when it also breaks below the 1D MA200 (orange trend-line), it tends to bottom out and start a strong rally to the top of the Channel Up. That's what took place in late June 2021. With the Ichimoku Cloud also flashing a buy signal, AXS is possible to soon start a strong rally first towards $220.00 and then $500.00. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:AXSUSDLong
by TradingShot
4
🔥 AXS Macro Bullish Channel UpdateAround two weeks ago, I made an analysis where I talked about AXS and the macro bullish channel it was trading in. As indicated on my chart above, I was looking at the area where the price touched the channel's support. As of today, we have reached the bottom of the channel, hopefully signaling a bottom. Risk-loving traders might want to make an early entry now. However, I'd advise waiting for a green 3-day candle to signal the bottom. Bitcoin is in a dire state at the moment, so there's enough reason to be cautious. Happy trading!
by FieryTrading
10
AXS (Axie Infinity) Token Analysis 10/04/2021Fundamentals: Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. 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. Each Axie possesses six out of the hundreds of different potential body parts — each of which has its own battle move. This produces essentially endless variety among Axies, with most Axies having relatively weak statistics, while those with the strongest combination of body parts can have incredible stats. Unlike some other blockchain-based battling and breeding games, each Axie can only be bred a total of seven times to help control the population of Axies. Axie Infinity has its own mating hub to help players find a suitable match to breed their Axie with to stand the best chance at producing a rare or powerful offspring. It costs 0.005 ETH in addition to Small Love Potion (SLP) tokens to breed Axies. AXS token holders will soon be able to stake their tokens to receive regular rewards. But unlike some other stakeable assets, AXS holders will also need to vote and play to claim their rewards. The Axie Infinity (AXS) token is an ERC-20 token launched on the Ethereum blockchain. As a result, it is secured by Ethereum’s proof-of-work (POW) consensus mechanism. In early 2021, Axie Infinity plans to migrate its NFT tokens, including Axies, Land and other in-game item tokens from the Loom Network to a custom-built sidechain on Ethereum known as Ronin. Ronin is an application-specific sidechain built just for Axie Infinity. It is being developed by Sky Mavis — the development firm behind the Axie Infinity game, and is designed to support almost instant transaction confirmations, reduced gas fees and be capable of helping Axie Infinity scale. Axie Infinity was created in 2018 by Sky Mavis — a technology-focused game developer with a team primarily based in Vietnam. It was co-founded by Trung Nguyen and Aleksander Larsen. Trung Nguyen is the current CEO of the platform. Nguyen graduated with a BS in computer software engineering, and worked as a software engineer at Anduin Transactions prior to founding Axie Infinity. Former competitive gamer Aleksander Larsen is also credited as a co-founder and COO of the platform. Larsen has been working in blockchain gaming since 2017. He previously worked as the executive security officer for the Norwegian Government Security Organization and still sits as Secretary of the Board of Directors at the Blockchain Game Alliance. In total, the Axie Infinity team consists of 25 full-time employees — many of whom have experience with game development. Axie Infinity (AXS) tokens have a total supply of 270 million tokens. Out of this, around 53.5 million tokens were in circulation as of mid-November 2020. In total, 11% of the total supply was allocated to participants in the Binance Launchpad IEO sale and 4% was sold in a private sale. In addition to this, 29% is allocated for staking rewards, 20% to the play to earn pool, 21% to the team, 7% to advisors and 8% to the ecosystem fund. Based on the current release schedule, as indicated by Binance Research, 100% of AXS tokens will be circulating by early 2026. The live Axie Infinity price today is $8.01 USD with a 24-hour trading volume of $114,628,092 USD. Axie Infinity is up 4.00% in the last 24 hours. The current CoinMarketCap ranking is #233, with a live market cap of $346,569,629 USD. It has a circulating supply of 43,253,284 AXS coins and a max. supply of 270,000,000 AXS coins. The top exchanges for trading in Axie Infinity are currently Binance, Upbit, Huobi Global, FTX, and ZT. As of mid-November 2020, Axie Infinity (AXS) is only available to trade on a single exchange platform: Binance. It is listed with four trading pairs: AXS/USDT, AXS/BTC, AXS/BUSD and AXS/BNB. Though there are no direct fiat purchase options for AXS, see our guide to purchasing Bitcoin (BTC) with fiat — which can then be exchanged to AXS on supported exchanges. Technical Analysis: As we can see the price has done its accumulation phase and currently completing its impulsive cycles. as we can see we have defined the Fibonacci Golden zone where it has lots of confluences with the past distribution zones and it can be a good zone for the reaccumulating phase of the new impulsive wave. we have defined 3 Targets by Fibonacci Projection, where as the 2 TP gets its confirmation as soon as the price triggers the 1 Target followed by some price consolidation and correction.
Long
by BitonGroup
16
WHAT NEXT AFTER ETN TOOL 42K - REALISTIC BTC Trend update Hello trading friends, I hope you have a great day. Since the last ETN update - the target hit on 42K trend, but what next? See here before trend: ETN tool expectations are in a most time long term trend, but it's not a must that it should take direct action, and the last happened. Before predicting the next trend out of ETN depending on the market study, we should know where we are, we are at the new year trend with starting with a bearish trend on Bitcoin. Data Depending on data it shows it's only interesting to check BTC long from the 44400+ with the confirmation trend line before that price action it's not interesting to see BTC for a long trend depending on this data study. News trends Know that news trends made in most time also to panic the price action, when you hear there is news, and we are going to breakdown or to increase - this can be in reality the other side. whales playing games, and this could affect price action most time. you have teams that even count people emotionally trends, where users can sell and buy, and how they can affect in the best way for users to make a choice depending on market play. one of the reasons that most whales never buy or sell on full numbers. Bitcoin cycle 2022 We are at the start of 2022, its important to see how the price action effect the first month of the year to take good actions for long-term trends. Building a strategy that works in the long term, is one of the best ways to trade the markets, and your strategy should be based also on backtesting. Have a great day # This is not a trading market call, study always the trend well before entering any order, know that markets are very risky on any side. and trading long term without risk management will end in loss . And if you like the content, support the channel by a like and follow - Thank you 😃
by watchtrend
2