Axs Breaking Out Seems Like Getting Ready For Solid Recovery Decent Volume Coming In
While Breaking Falling Wedge In 3 Days Timeframe Expecting Massive Breakout Soon
Incase Of Successful Breakout Expecting 250 - 280% Bullish Wave
AXSUST trade ideas
Try to Break out the long bearish channelAXS is trying to break the long-term bearish channel. if we haven't the fake breakout, the price can start the bullish trend. we see that MACD goes to zero, i hope that price can goes away from bearish channel, first resistance is 7 $ and after that, we can see 9 and 10
✴️ Axie Infinity | Going Down Or Still Bullish? (Let Me Explain)We have a situation with Axie Infinity and this is valid also for other altcoins, so please, allow me a few minutes to explain.
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Let's get started!
Currently, we have a strong bounce on the initial recovery after the mid-June low but here we see a rejection at EMA50 and prices also moving below the Nov. '22 support, this is worrisome.
Now, the market needs time.
The Altcoins need time.
The pairs need time.
The multiple months long low is a strong move and once such a deep hole has been created, a relief rally is expected in the least.
Prices can't grow straight up so we should expect to see some kind of fluctuation.
The bullish signal comes from Waves, Bitcoin Cash, BitcoinSV, Bitcoin, Ethereum, Aave, OMG and all those pairs that produced this same exact pattern but already moved ahead.
While these pairs are stronger, if we have patience, we can see the others resume growing in a matter of days.
"What one does, the rest follows."
In the case that things go wrong, we always have a plan and so close a position/trade if prices move below support or buy more as an accumulation strategy, your choice.
Just explaining this situation because I know things can change fast and also moods but short-term moves are only noise.
If support levels remain intact, we can wait patiently until the next leg up shows up.
Namaste.
AXS/USDTWhat Is Axie Infinity (AXS)?
Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players.
To learn more about this project, check out our deep dive of Axie Infinity.
Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies.
Seems Like Axs finally ready for 30$Seems Like Building up for Massive Breakout Over all formed Descending Channel in 3 days Tf Incase Of Breakout expecting Move Towards 25 to 30$
📉 Downward Channel & Weekly Bullish Divergence on $AXSHey traders! Today, I want to discuss an intriguing chart pattern I've identified on NYSE:AXS (Axie Infinity). Let's explore the downsloping channel accompanied by weekly bullish divergence and assess its implications for potential price action. 📊💡
Pattern: Downward Channel & Weekly Bullish Divergence 📉🔽
Symbol: NYSE:AXS 💰
Overview:
A downsloping channel is a notable chart pattern characterized by a series of lower highs and lower lows. Additionally, the presence of weekly bullish divergence further strengthens the potential for a reversal. Let's delve into the downsloping channel and bullish divergence on NYSE:AXS in more detail. ⚡💹
Key Features of the Downward Channel & Weekly Bullish Divergence on NYSE:AXS :
Channel Formation: Observe the well-defined downsloping channel, which consists of a series of lower highs and lower lows. This indicates a prevailing bearish trend. 📈📉
Weekly Bullish Divergence: Notice the bullish divergence forming on the weekly timeframe, where price creates a lower low while the corresponding oscillator indicator forms a higher low. This suggests a potential shift in momentum. 🚀📈
Trading Strategy:
Entry Point: Consider entering a position once NYSE:AXS breaks out above the upper trendline of the downsloping channel, supported by the confirmation of bullish price action and the weekly bullish divergence. This breakout could signal a potential trend reversal and the start of an upward move. ⬆️💰
Stop-Loss: Implement a stop-loss order below the recent swing low or below the lower trendline of the channel to manage risk and protect against potential downside. ⛔️📉
Target Levels: Identify key resistance levels or previous swing highs as profit targets. Adjust your position size and take profits accordingly. 🎯📈
Risk Management:
Maintain proper risk management techniques, including position sizing, setting stop-loss orders, and adhering to your trading plan. Be aware of the risks associated with trading cryptocurrencies like $AXS. ⚠️💼💡
Disclaimer: Trading cryptocurrencies involves risks, and it is crucial to conduct thorough analysis and seek professional advice before making any investment decisions.
#DownslopingChannel #BullishDivergence #AXS #AxieInfinity #Cryptocurrency #TrendReversal #TradingStrategy #TechnicalAnalysis
In conclusion, the downsloping channel and weekly bullish divergence identified on NYSE:AXS indicate a potential reversal in the making. However, wait for a confirmed breakout above the upper trendline and validate the bullish price action before considering any trades. Stay tuned for further updates on $AXS! 💹🚀
(Note: This post is for informational purposes only and should not be considered as financial advice.) 💡💼📚
AXS SHORT POSİTİON Here is the chart i trying my self i'm a student now. Not a financial advice.DYOR
Put on your diving masks!The tool does not have time to fulfill its goals, because the global trend of cryptocurrencies is coming to an end. I expect that we will not have time to complete the goals and will go down
Regards,
Eugene
The AXS chart is terrible (1D)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the AXS symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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.
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.
AXSUSD ❕ support zoneAXS is moving in the support zone.
The asset reached the current zone for the third time.
I believe that the price will rise again after fixing above the support area.
Axs | needs to break this level Axsusdt
Formed falling wedge pattern on daily time-frame seems like bullish but we have to wait for breakout
Buyers needs to break this level for 50-60% bulliish move
Personal opiniooon not financial advice
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.
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AXS on weekly support, likely to bounceThe price has once again hit the weekly support zone. It may go deeper or breach the zone briefly, but I expect it to hold here and bounce towards weekly resistance. There are some daily resistances on the way up to weekly resistance and may hold the price in between.
AXSUSDTThe price correction of the Elliott Pattern is being completed. It is attractive for long-term investment.
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
Strong bears in AXSHello Traders!
Welcome back to another trade with analyst Aadil1000x.
Today we are selling AXS because AXS's bears are taking control and i am expecting at least -10% move.
AXS Short Now @ 6.83
Stoploss 7.07(-3.37%)
Target 1, 6.51(+4.65%)
Final Target 6.05(+11.42%)
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