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Axies

AXSUSDT - 4H Bullish signsThe AXSUSDT 4-hour chart indicates a significant bullish breakout from a descending triangle pattern, typically a continuation pattern but here suggesting a reversal. The price has breached the upper trendline of the triangle, signaling a potential upward movement. The target for this breakout is set at approximately $9.40, as depicted by the green highlighted zone. This target aligns with previous resistance levels observed in early April. The overall bullish momentum is supported by increasing volume, indicating strong buying interest.
Long
by Sober_Trading
AXS Axie Infinity The Full Speculative Bubble and Price TargetAs you can see in the chart, AXS Axie Infinity made 1375X and went from $0.12 to $165 in only one year. Now it is trading at $15.08, still high in my opinion! AXS is an Ethereum based token. Grayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum: The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable. Token and stablecoin holders might panic and start liquidating their holdings. In this context, my price target for AXS Axie Infinity is $4.29, still 36X higher from 2 years ago. Looking forward to read your opinion about it.
Editors' picks
Short
by TopgOptions
41
AXS/USDTA low number of players means a low demand for AXS As a quick refresher, AXS serves as a payment token within the Axie Infinity game ecosystem, allowing players to purchase non-fungible tokens (NFTs), in this case the digital pets we all know as "Axies." It also acts as a utility token that players can spend to breed new Axies. New users entering the Axie Infinity ecosystem need 3 Axies to take on other Axies. When they win, the platform rewards them with another native token, called Smooth Love Potion (SLP) while winning bigger tournaments earns them AXS. Consequently, old Axie Infinity players rely on new ones to keep up the demand for Axies. Otherwise, they could risk former players selling their SLP and AXS earnings on the markets (e.g. cryptocurrency exchanges), thus adding downward pressure to their prices. But when native Axie Infinity token prices go down, it also makes the game less attractive to new players, who would still need to buy 3 Axies in order to earn SLP and AXS, only now they would be worth less. The Axie Infinity ecosystem has gone through stages, as mentioned above, in 2022, with its player count falling to 8,950 in June from 63,240 in January, a drop of almost 85%, according to data provided by Dapp Radar. Interestingly, this coincides with the 80% drop in the price of AXS in the same period. Inflation rising New inflation data has further curbed bullish bets on major cryptocurrencies, which, one way or another, fuels the bearish outlook for AXS. In particular, the US consumer price index (CPI) rose at an annual rate of 8.6% in May, compared to 8.3% in the previous month, accentuating investor fears that the Federal Reserve will be forced to raise interest rates aggressively in the coming months, which would push risky assets down across the board.
Short
by Ed_Ale
Axie Infinity (AXS) Buy ZoneAxie Infinity (AXS) Buy Zone -------------------- BIAS Mid-Term : Bullish Risk : Medium Axie Infinity broke above and retested our trendline, showing the market is short-term gaining bullish momentum and strength. If the retest gets successful, we would be heading to at least target 3 in short-term. -------------------- $AXS/USDT LONG SETUP Leverage : x3 - x5 Entry Price : 63 - 67 TP 1 : 69.25 TP 2 : 73 TP 3 : 77.75 TP 4 : 82 TP 5 : 87 TP 6 : 91.5 TP 7 : 97.5 TP 8 : 107 Stop Loss : 56.25 *Maximum 3% of Portfolio. *Unload 12.5% at each TP. Whenever TP 2 hits, Move stop loss to entry. --------------------
Long
by Zerene
2
🐦AXS symmetric triangle (continuation)AXS/USDT (2h) formed a symmetric triangle (continuation pattern). The price broke out of the formation and is testing the key level (129.9) and the orange trendline as support. If we see a bounce from here than it's super bullish. If not, the price will most likely dive deeper back down into the formation to find a support level. TP1: 134.21 TP2: 141.26 TP3: 145.48 TP4: 153.49 TP5: OPEN++ -- Note: Keep in mind that AXS is a native currency of Axie Infinity(p2e game), which makes it's price very vulnerable to any gameplay changes made by the dev team --
Long
by V0VOLAN
1
Small Love Potiont R:R2Hey everyone, 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 DYOR 4 more info (By the way ... Its actually a funny game I made a solid profit on by playing this "card" game, breeding the axies and giving scholarships past weeks) axieinfinity.com ChaChain ------------- Disclaimer: I´m not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and therefore I´m unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only. KEYWORDS AXS, Axies, Axie infinity, SLP, Small Love Potiont, SmallLovePotiont, R:R, money management, risk, reward, technique, style, trading, bitcoin , bitcointrading, profitable trading, profittrading, profit trading, secret, divergence, bull divergence, bear divergence, divergencetrading, divergence trading, trading strategy, how to trade bitcoin , bitcoin trades, bitcoin trading, make profit, take profit, trading strategy, trading technique, successful, successful trader, successful technique, successful strategy, successful secret, how to trade, trend analysis, technical analysis , indicators, rsi , relative strenght index, let it rain, successful life, easy strategy, easy trading, easy technique, make money, crypto investing, investing, crypto, cryptocurrency, cryptocurrencies, mentoring, money, chartart, beyond technical analysis
Long
by Anoinvest
6
Is AXS coming down for a bit?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 retesting this and the next hour. Short term bearish. Only bullish thing I see is BTC might have another little run. On a Sunday though... Anything is possible, trade safely people. Peter
by CryptoChonk