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Axieinfinity

🔥 AXS Bullish Triangle: Break Out Ahead?Over the course of a couple of days, AXS has been slowly crawling up. During this period, a bullish triangle pattern has emerged. It's not certain yet if AXS will break out. Wait for a higher time frame close above $72 to confirm the bullish bias. Main targets are the $80 and $90 resistance areas in the near-term. On the other hand, a bearish move will follow if BTC fails to move up in the coming days. Expect $60 to be the major support, potentially causing a reversal. Happy trading!
Long
by FieryTrading
9
Axie Infinity// Wheres da PAMP?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 move. Currently price has only been accumulating for about 14 days, which is less than the previous leg up. Going based on my personal bias, my assumption is that it'll take possibly one more week before price appreciates from our current levels.
by N0ST0PL0SS
1
AXS Forms Pennant Near All Time High, Have Bulls Lost?-AXS is down nearly -10% over the last week -Price has formed a bullish pennant -AXS has been held by 120MA for 2 months Axie Infinity has experienced an amazing amount of growth over the last few months as the NFT market has surged to record highs. The game, Axie Infinity, is an NFT based online video game that uses the Ethereum based cryptocurrency, AXS. This metaverse type game has experienced an immense amount of growth over the last few months as AXS’s NFT collection is the most expensive collection of all time. Even though this use case has huge potential for the future, AXS seems to need a larger correction before it can continue growth. 

Over the past 6 weeks, AXS has been holding a trend line that bulls have defended very well. Just over the past two days, AXS broke below this trend line & seems to have confirmed it as resistance. This is a bearish scenario as long as AXS doesn’t regain this trend line. Ever since AXS broke over $65 a few weeks ago, it has been held as support. Along with AXS holding this as support, price has formed a pennant. This pennant is usually a bullish one, but in this case it seems AXS is more likely to break to the downside of this pennant. 

 If bulls fail to hold the current support of $70.89, price will then break to the downside of its pennant. This will be a bearish scenario & will land AXS at $65 minimum. If bulls fail to provide a bounce there, AXS is in for a large fall to potentially the $50 range. At the time of writing, AXS is flirting with the 120 MA which has held as support for over 2 months. If AXS breaks below this MA, we can then confirm it is in a downtrend. For AXS to go for another high, it must break to the upside of its pennant & hold the major resistance zone of $77.

 While looking at the Stochastic RSI, we can see strength just got rejected within the overbought region & has since started heading down to the 50 value. If strength breaks below the 50 value, AXS will likely break to the downside of its pennant. The MACD has been in a downtrend ever since the pump to $77 back on August 10th. A trend line is shown & this trend must get broken for AXS to have a shot at continuing its bull trend. 

 AXS Intraday Analysis Spot rate: $71.88 Trend: Sideways Volatility: Medium Support: $70.89 Resistance: $77.72
by CoinGape
1
Axie Infinity moving into a SQUEEZE AXS/BTCAXS has been pushing into a squeeze with this pennant forming over the last few weeks, and there is normally only 2 outcomes from this pattern. If the hype is still around this coin then I would expect a push upwards and because of ATH levels I would be using a trend based fib to find some hidden levels, which also lines up pretty well from the measured move of the last impulse. If the hype has dropped or moved onto another coin for now then I would expect a significant pull back on this market, its had a solid run so a big pull back is due.
Short
by DeNomics
$SLP movement in the Short/Mid-TermFor the $SLP Holders, it was a long and painful last 30 days, for the buyers, we could see a huge upside considering the buying opportunity. in the next days of the week, I expect that the price will find support below the current price, and explode towards the 0.21 resistance zone, and to 0.337 after that. If not, we could be seeing the $SLP reaching its all-time lows, in the process I took the RSI divergence and the S/R levels that the price action had a reaction to since way back.
Long
by TradingLS