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AXSUSDT

AXS/USDT in a Decisive Phase, May Drop by 50% Soon!Much similar to other cryptos, Axie Infinity also witnessed a steep descending trend before the beginning of 2022. The price underwent a magnificent rally in during Q4 2021 and marked highs beyond $166. Woefully, the price has dropped by more than 96% during the bear market which followed immediately after it marked its highs. The AXS price approached the pinnacle of the bearish consolidation and raised high. Presently, the price is undergoing a correction and hence a fresh descending trend may be ignited very soon. As mentioned the AXS price is in a decisive phase. With a breakout above the bearish triangle, the token manifested its strength and an attempt to nullify the bearish impact. However, the fresh plunge manifesting a minor correction has raised many concerns. Two possible scenarios may be framed for the current trade setup, either the price bounces hitting the trend line of the triangle and rise high or else drop and enter the triangle again and undergo a massive drop by testing the lower most support to trigger a rebound. Therefore, the upcoming few hours could be extremely crucial for the AXS/USDT price.
by Coinpedia-Market-Insight
3
AXS: Approaching ResistanceTrade setup : Following news of AXS taking steps to decentralize, price bounced off of $6 support level, with huge volumes, and reached $10 resistance. If it breaks that, the next major resistance is $14, which is also 200-day moving average. Trend : Downtrend across all time horizons (Short- Medium- and Long-Term). Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55). Support and Resistance : Nearest Support Zone is $6. The nearest Resistance Zone is $10, then $14, and $20.
Long
by altFINS
1
Axie Infinity Breaks Bullish (Grows 77.7% In 4 Weeks)Another altcoin that is looking good today is Axie Infinity (AXSUSDT). We can see the classic consolidation pattern in purple, a symmetrical triangle, that just broke to the upside. We see pairs that produced a higher low in November compared to June, breaking bullish. But we are also seeing the pairs that produced a lower low in November compared to June, yet still breaking bullish. This is a strong market-wide signal and predicts an upcoming change of trend for the Altcoins market. EMA10 We use for the short-term. Below bearish and above bullish. EMA50 We use for the mid-term. We see AXSUSDT going above EMA50 on high volume and a very strong RSI. Telling us that the mid-term trend for this altcoin is changing from bearish to bullish. Just as we saw with NMR, CRO, FXS, ANT and so on. Since the trend is changing, what we see now is only the beginning. You can expect additional growth in the weeks to come. Think Dogecoin and Litecoin. These moved ahead... The rest of the Altcoins market will follow. Namaste.
Long
by AlanSantana
2
🔥🚩WHY AXS MADE +132% IN 5 MIN❓ $1M HACK❗🔥Hi friends! AXS was almost top gainer of this week, but seems like it's not because the "great development" or super event, that ussually pump such gaming coins. As it turned out, it was a hacker attack that allowed to steal millions of dollars from traders through API keys. 📊 HOW THE SCHEME WITH API KEYS WORK❓ 1. Traders use the API keys to connect some platform with remote access to the Binance account. There are a lot platforms, I will not specify it here. 2. Some account accumulate AXS on exchange and set their stop-limit sell orders by 50-100% higher from the entry point. The accumulation can take 1-2 weeks, because such coins has low liquidity. 3. Hackers enter your accoumt through the "hole" in API-keys and start to buy coins by market orders. 4. As such coins have low liquidity, the price easilly reach hackers stop-limits and now they have USDT with +130$ profit. "Legal" deposit, easy money. 🔥 Here the tweet of one victim to CZ and Binance about losing of $1M. ✅ This is not just a single case. I found at least 3 traders that got the same troubles with API keys. I think that is another bad case with the crypto exchange. 🚩 It looks like an attempt to discredit the crypto exchanges, as after the fall of FTX someone wants more "blood" on the market. It is good that CZ and Binance support reacted to this news in time and it did not become so widely known. As far as I understood from the story of one participant, Binance will refund🔥 the money to its users, but previously blocked their accounts for some time to avoid the repeat. 📊 TECHNICAL ANALYSIS The price don't pay attention to this spike and continue to follow BTC movements. The most possible AXS's movement is pullback to the $12-13 value area. 📊 Precondition to open a long: 1. squeeze to the trendline 2. local manipulation with sl collection 3. bullish BTC 🚩 I personally use DOM and Footprint. These scalping toold help me to identify the whales buy/sell orders and ✅The 2 main targets for AXS: 🔥 $8.7-9.4 - the value area 🔥 $12-13 - the value area and local highs. Strong resistance for the price ✅ Traders, do you know about this case before? Maybe, you have additional information about this hacks. Share info about it in the comments! 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade
by Yuriy_Bishko
5