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AXSUSD

AXSUSD: 1D MA50 rejection within the Channel Down. Bullish aboveAXSUSD is testing now the 1D MA50, which is sitting a little under the top of the prolonged Channel Down pattern that began at the start of the year. The 1D technical outlook is neutral (RSI = 46.158, MACD = -0.240, ADX = 38.786) meaning that a crossing over the top of the Channel Down will turn the trend bullish but as long as the price stays inside it, it is bearish. This might be a rejection similar to May 17th, which dropped to a Fibonacci 2.0 Lower Low. For now we are bearish, targeting the respective Fibonacci 2.0 (TP = 3.1500). If on the contrary it breaks above the Channel Down we will buy and target the 1D MA200 (TP = 6.3500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:AXSUSDShort
by InvestingScope
AXSUSDTBINANCE:AXSUSDT has been in a downtrend since late January, each time meeting resistance from the downtrend line marked on the chart and pushing the price lower. However, we are now seeing the price stabilize and the downtrend line break. The price trend has changed from down to up, which can be confirmed with higher pivots. I try to wait for a retest after the trend lines break or find a complete confirmation of the end of the previous trend. In this case, we can wait for the price to test $6 again or wait for the upper resistance to break, which is marked with a red box on the chart. However, in general, we should expect the start of an uptrend at least up to 9.5 USDT. The overall trend is expected to be bullish. ⚠️ "Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help." Don't forget to like and comment
Long
by Madoir
7
AXS Axie Infinity and the Altcoin Season ThesisIf you haven`t sold the speculative bubble: Then you should know that the recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season. With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space. This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin. The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market. The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins. The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities. Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list. This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including AXS Axie Infinity, for which my price target is $8.00. Looking forward to read your opinion about it!
Long
by TopgOptions
2
AXS Axie Infinity Triangle Formation BreakdownI don`t know if you have seen my preview AXS chart that had more than 500 Likes: In its recent case against Binance, the SEC introduced 10 cryptocurrencies into the securities classification: BNB (BNB), Binance USD (BUSD), Solana (SOL), Cardano (ADA), Polygon (MATIC), Cosmos (ATOM), The Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS) and COTI (COTI). The AXS (Axie Infinity) cryptocurrency recently experienced a breakdown of a triangle formation, signaling a potential bearish pattern. A triangle formation is a common technical chart pattern characterized by converging trendlines, indicating a period of consolidation before an anticipated breakout. In the case of AXS, the breakdown of the triangle formation suggests a shift in market sentiment towards a bearish bias. This breakdown occurs when the price falls below the lower trendline of the triangle, indicating a potential continuation of the downtrend or a decline in price. Traders and investors who closely monitor technical patterns may view the breakdown of the AXS triangle formation as a bearish signal, potentially prompting them to consider short positions or adjust their existing trading strategies accordingly. Considering the above, my prite target for AXS Axie Infinity is $3.55, its strongest support. Looking forward to read your opinion about it.
Short
by TopgOptions
AXS | Looks Promising here..!! #AXS Looks Promising here 🔥 Pretty Solid Consolidation in Descending Channel. Seems like Bottomed out & Ready to Fly. In Case of Breakout, Expecting +400% Bullish Rally in the Midterm..(Patience Needed) It's important to maintain a Disciplined and Patient approach to investing in order to achieve Long term Success. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
Long
by Faibik
4
#AXSUSD - Huge Short Coming off After Huge Long!We closed a large Long trade of 56% gains with #AXS yesterday, it was a good day - and this wasn't even the best trade of the day! :) Coming off the back of that success we've got a good Sell signal from Crypto Tipster v2, price tested and was rejected by this descending trend line and there's a reasonable gap for the price to fall until recent support levels are hit. TP1 should net you 20% on this Short trade, if TP2 get's hit you'll be looking at nearly 50% - awesome. If you enjoyed or agree with this idea - drop us a comment, like & follow! :)
KRAKEN:AXSUSDShort
by theCrypster
2