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AXSUSDT trade ideas

AXSUSDT heads towards weekly support, long favorable from thereAnalysis Type: HTF After losing the previous weekly support, the price seems to be heading towards weekly support WS1. This is a level where price should find support. This should be a place to go long after the long failure from the last weekly support which is lost now. The price is currently consolidating after a big drop. The next support level after weekly support WS1 is weekly support WS2 which I believe we should not see at least in near future but keeping that into account as we want to be ready when that opportunity comes.
Long
by angela_altair
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/USDT - Axie Infinity: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the NYSE:AXS / CRYPTOCAP:USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 7.46 | 7.69 | 8.28, and the major support zones can be found at 6.87 | 6.51 | 5.92. Consider entering a trade at the current price zone of 7.37 and targeting higher levels. ◰◲ General info : ▣ Name: Axie Infinity ▣ Rank: 56 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Poloniex ▣ Category/Sector: Media and Entertainment - Gaming ▣ Overview: 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. ◰◲ Technical Metrics : ▣ Mrkt Price: 7.37 ₮ ▣ 24HVol: 11,815,545.852 ₮ ▣ 24H Chng: 2.078% ▣ 7-Days Chng: 2.36% ▣ 1-Month Chng: -1.00% ▣ 3-Months Chng: -14.91% ◲◰ Pivot Points - Levels : ◥ Resistance: 7.46 | 7.69 | 8.28 ◢ Support: 6.87 | 6.51 | 5.92 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -0.84 ▣ Last 90D: -0.94 ▣ Last 1-Y: -0.55 ▣ Last 3-Y: 1.41 ◲◰ Volatility : ▣ Last 30D: 0.50 ▣ Last 90D: 0.66 ▣ Last 1-Y: 1.06 ▣ Last 3-Y: 1.75 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.75 - V. Bullish ▣ In-depth AXSUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
2
Axie Infinity (AXS) Price Analysis 2023Axie Infinity (AXS) holds the 52nd position on CoinMarketCap right now. Axie Infinity price prediction for 2023 is explained below with a daily time frame. The above chart of Axie Infinity (AXS) laid out a descending triangle pattern. The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. The ascending triangle pattern is reversed in the descending triangle pattern. As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete. Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish. At the time of analysis, the price of Axie Infinity (AXS) was recorded at $6.85. If the pattern trend continues, then the price of AXS might reach the resistance levels of $11.337. If the trend reverses, then the price of AXS may fall to the support of $6.33
Long
by TheNewsCrypto
6
Downward Trend Reversal Potential and Target ConsiderationsAXS has exhibited a downward trend over the preceding month, manifesting a robust negative response subsequent to encountering the resistance level of $9.60. Concurrently, market dynamics exerted selling pressure, leading to a reversion of this currency's value to the previous support level. Despite breaching the previous floor within the $7 range, the price has persistently clung to the indicated support level in the range of $6.50. Within this specific range, a range channel formation has materialized across lower time frames, implying the potential for a trend reversal. It is pertinent to note the presence of positive indicators within the daily time frame that signal a favorable shift. Furthermore, it is noteworthy that the chart reflects a pump condition for this currency. However, it is important to exercise caution as the price has encountered resistance at the upper boundary of the primary downward channel, which could lead to a retracement toward the upper boundary of the 4-hour time range. If the support level remains intact and the price sustains its upward trajectory, consideration can be given to a target range of approximately $11.5 for this currency.
by MonoCoinSignal
3
🔥 Will Axie Infinity Reach New All-Time Highs Ever Again?AXS was the first and largest gaming based crypto. Many followed in AXS's wake (GALA, SAND, etc) but none managed to surpass it. Plainly said, I think AXS is dying and will never recover from the current bear-market. Taking a look at the player statistics from activeplayer.io we can clearly see that AXS is losing players for well over a year now. Apart from players leaving the game, I've got some serious questions on why people would play this game. Is it meant to be a fun pastime (like games are supposed to be), or are the only people who are playing playing it for the money. You're going to need real players to buy the axies from the "investor-gamers" in the end. If those real players never come, Axie Infinity will never be popular again. Furthermore, there will likely be some other game in the future that will have better prospects than some 3 year old game that no one plays (and no one makes money from). To make matters worse, check the huge 2 year head & shoulders on the chart. Do you think AXS will even reach all-time highs again? Is it dead? Share your thoughts below 🙏
Short
by FieryTrading
5