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AXSUSD trade ideas

#AXS Axie Infinity 1D - Brewing ActionAXS on a daily chart. A few things to note: 1) Rising wedge pattern in play. 2) Bearish divergence on 1D chart 3) Bollinger Bands tightening but similar structure forming since last tightening as circled in the chart. Something interesting is surely brewing here. What are your thoughts? Comment below and hit the like please. Thank you! Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
FTX:AXSUSD
by MillionaireEconomics
AXS Price Rallies 45% To $1.27 Buoyed By Facebook Rebrand Axie Infinity price skyroketted to areas above $155 as the AXS reacted to the news that facebook was rebranding to Meta. A rise above the immediate resistance around $150 could see AXS rise to tag new highs. Facebook’s announcement of October 28 that it was rebranding to Meta was an affirmation of its ambitions to go beyond online social media to build a metaverse. These news triggered a speculative rally cross NFT and Gaming cryptos in the Metaverse. Decentraland (MANA) jumped by as much as 80% between October 28 and October 29 with its market valuation exploding from $1.44 billion to over $2.08 billion in just 24 hours. AXS, a native token to Axie Infnity, a Pokemon-styled “play-to-earn” pet training game and virtual world also rallied by as much as 22.5% to hit a two-week high above $160. AXS is Axie marketplace’s legal tender where players use it to purchase digital pets (in-game NFTS). AXS Price Takes A Breather Above $140 Axie Infinity rallied over 39% from a low of $117 on October 28 to a high of $163 on October 29. This rally was rejected by the $150 resistance level which has since seen the AXS price correct to the current price around $142. AXS is trading with a bearish bias above $140 and slip below this level could see it lose the recent bullish momentum to tumble towards the $125 support wall. A slip below this could see a safe haven at the demand one between $108 and $114 shown by the green band. On the upside, if AXS price overcomes the selling pressure from the supply zone between $148 and $155, the Axie Infinity Token will rise to discover new record highs above $155. The upsloping moving averages and movement of the MACD in the positive region validate this bullish outlook. Morever, the position of the Relative Strength Index (RSI) indicator at 63 close to the overbought one shows that the bullish momentum still has some strength.
BINANCE:AXSUSDLong
by CoinGape
2
Axie Infinity: Play The Game! 2nd Round⚠️ It's always very tricky to enter under an ATH resistance, but all indicators look bullish and I know some of you like this #AXS GAME. 😎 Be careful and place your S/L wisely, otherwise wait for the ATH breakout with the rebound on the old ATH for a more secure entry. 👉 Since my last signal shared on 24/09/21, #AXS Market Cap rose from $4 to $8.6 billion, and Fully Diluted MC from $18 to $38 billion, raising its CMC ranking from #40 to #23. 👉 #AXSUSD Indicators: ▫️ Bollinger Bands Squeeze (volatility contraction) ▫️ EMA20-50 below the daily candle (support) ▫️ SRSI <10 (strongly oversold) ▫️ Possible Extented-3rd-Impulsive-Wave (strongly bullish) ▫️ Price under ATH (see my important note above) Learn TA, Earn Money, Have a Nice Weekend, and as usual Stay Safe everyone.
BINANCE:AXSUSDLong
by alainbkk
$AXS to the moonAxie Infinity Shards is just about the easiest trade you can make right now. The market still hasn't caught up to the fact that it's the second highest revenue producing protocol - alone this should place it in the top 10 market cap. With fundamental bullish catalysts like the Ronin DEX and Land gameplay coming out in Q4 it's certain to reach new highs. Additionally, AXS staking continues to lock up an increasing amount of supply with ~30% currently staked, and yet APR remains in the triple digits. From a technical perspective it looks amazing as well, a clear pennant has formed. Fib extensions are for possible targets but I intend on holding my stack much higher than any of the prices shown. I want to write more but I think I'll just do a thread instead. Best of luck.
BINANCE:AXSUSDLong
by theshanebarnett
AXS/USD Short. Signals: Position: Short Entry price: Limit order at 119,537 Target price 1: 101,570 Target Price 2: 72,837 % decrease: P1: 15% P2: 39% Indicators: DMI: The ADX line is showing strong signals of a trend and the D+ line is staring to slope downwards as well as the D- line is showing signs of a downtrend as about to start. RSI: The RSI line was above 70, a t81,80 and has started towards 58,34and signs of being overbought. MACD: In this indicator has the MACD line crossed the signal line and negative momentum has started. Fear and Greed: This indicator indicates that the market has extremely greedy investors and that the market is due for a correction. Analysis: The analysis indicated on bearish signals from both the three indicators, where DMI shows negative momentum, RSI is showing signs of the cryptotoken being overbought and the MACD line is showing signs of bearish momentum. A recommendation is to enter the trade when the price brakes below the support and retests it successfully as a resistance. Fear and Greed Index is showing extremely greedy investor climate resulting the market waiting for a correction. Together with this index and the other three indicators is the analysis able to show signs of a short position. No Financial Advice.
COINBASE:AXSUSDShort
by vf_investment