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Axieusd

AXS: Approaching SupportTrade setup : Price is in an Uptrend. Following a bullish breakout from a Descending Triangle pattern, price rallied +20% to $8.50 before pulling back on some profit taking. If it pulls back near $7.00, that could be another attractive swing trade entry in Uptrend. Stop Loss (SL) at $6.70, just below prior swing low. Trend : Uptrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $7.00 (previous resistance), then $6.00. The nearest Resistance Zone is $9.50, then $11.00.
Long
by altFINS
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
BULLISH PINBAR, AXIE MAY HIT $60 SOONFundamentals have favoured AXIE lately and it is one of the reasons why AVAX has been trending. if you look back to 3 days ago, there was a bullish pin-bar and this also points towards some bull run. With my analysis at the CMP of which I took some buy positions. I feel AXIE may rally to m $60 zone. However, if the push up can break through the $60 which is also where the descending trendline is, it may rally to FIB 23.6 level to hit the $80 target. NOTE: Please trade with care YOUR LIKE, FOLLOW, COMMENTS AND CRITIQUE WILL BE APPRECIATED.
ALong
by ForexClinik
2
AXS/USDT - Potential 78% SetupHello Traders! AXS continues within the uptrend. The asset made a correction to the level of 0.618 by Fibonacci and found support near the price level of $92.50 To reduce the risk in case of a pullback, it is better to split the entry into two parts: $100,00 - $104,50 $82,50 - $88,00 Stop-loss shall be placed under the price of $69.00 The targets would be levels of $150,00 and $165,00 Good luck and watch out for the market P.S. This is an educational analysis that shall not be considered financial advice
Long
by UnknownUnicorn10064030
1
AXIE - Nominated for the 'It Can Turn Painful' Award 😬Architected by Sky Mavis and inspired by Pokemon, Axie Infinity is a "play-to-earn" pet training game and virtual world built on the Ethereum blockchain. Players can collect, breed, battle, and trade in-game pets called Axies. All in-game assets are represented via fungible ERC-20 or non-fungible ERC-721 tokens and thus trade on secondary markets. I know a lot of you are going to hate me and I HOPE that I am wrong but this can end up being the one correcting a LOT..take a look at the chart, I'm saying no more. Axie Infinity Online game Rated only 3/5 · Facebook Axie Infinity is a NFT-based online video game developed by Vietnamese studio Sky Mavis, which uses Ethereum-based cryptocurrency AXS and SLP. Currently it's the most expensive NFTs collection with more than $42 million in sales in June 2021. (OMG I feel bad already): '' When playing video games becomes a full-time job The digital economy has created a new market that can turn a love of online gaming into a profitable occupation through titles such as Axie Infinity and The Sandbox'' So basically the article speaks about the pandemic and how this AXIE will make kids at home some money to save for the future. I wish all this could be true but wasn't this game launched by some business men/women to make money for themselves? Well they for sure will make them..not sure about the kids around the world. Maybe sell before it 'corrects' and donate at children.org/ Even if it goes higher you will still be blessed and happy! Sorry for being honest with you all, this is how I feel and what I see on the chart... air the FXPROFESSOR
Short
by FX_Professor
7
Axie Infinity DON'T BE SCARED, YOU!!Folks, Morning from the lovely Netherlands.. How is your mindset today are you in that winning state??? Honestly HOW DO YOU FEEL?? This is seriously a very important question. Because when you don't feel any good than what is the chance that you will have a good day trading? IS it wise to trade when you don't feel good? This is a question I ask myself everyday.. How do I feel while meditating in the morning.. And seriously trading starts with your mindset and the way you feel. Because when you feel good and are in that winning state then you see chances, chances see you and reach out to you. When I was reading the book of Mark Douglas --> Trading in the zone He described this and while reading I didn't understand it. But with experience and being in the market and logging the way I feel daily before starting analyzing my charts and days. Has helped me to gain insight in myself. This takes a lot of discipline to do it day in and day out but I swear you will benefit from it not only in trading but in life, generally speaking. OK jump in to the chart.. As you know I trade with the 4 hour and daily charts.. All what I explain here is my opinion and decision taking that is based on the knowledge I have gained and the experience.. It is good, for you, to question things I say or write down.. Do your own research. But what I see in the 4 hour chart is profit taking from yesterday and that is normal as do prices never fly in a straight way up or down. The three white candles is a bullish reversal candle pattern (bullish) called the THREE WHITE SOLDIERS We are testing the support line and even the 50 day MA. If we hold this and the next 4 hour candle hold it or even closes higher than we can look back up again. There must be a price that confirms we are bullish again and it should close between $43.75/$44.- If we don't manage the hold support be aware of moving 2nd support be aware of moving even lower.. But combining all the technicals in combination with candlestick patterns and methodology I expect price to hold support and 50 day ma and will move higher and breaking resistance.. But as in trading nothing is sure unless it has happened.. Quote of the day; Do more of what works and less that doesn't work.
Long
by MoneyMakingMuro