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Axie

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
Ronin surges by 30% in a day amid upcoming token unlockToken unlocks A bullish sentiment has dominated the start of the new year, with Bitcoin up 39% since January 1. With token unlock events going live, some prominent altcoins are also gaining ground, with BTC prices rising. Axie Infinity (AXS), based on Ronin, surged by 40% before releasing $64 million worth of AXS-locked tokens. The decentralized derivatives exchange dYdX‘s cryptocurrency gained more than 60% this month before its token unlocking event on Feb. 2. By gaining more than $250 billion since Jan. 1, cryptocurrency market capitalization has crossed the $1 trillion mark, with speculative altcoins playing a part. From 0.19$ last November 2022, RONIN token is now at 1.050$ ++ and filling up the imbalances from the last year downtrend
Long
by ridenz77
AXS: Overbought at ResistanceAxie Infinity (AXS) technical analysis: Trade setup : Bullish breakout from Descending Triangle was confirmed with a breakout above $10 and 200-day moving average. Price is now approaching $15 resistance and is overbought (RSI > 80). The recent big move comes ahead of a negative catalyst in form of an upcoming token unlock. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but extremely overbought. (MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance. Support and Resistance : Nearest Support Zone is $6. The nearest Resistance Zone is $10, which it broke, then $15, and $20.
Long
by altFINS
1
Axie infinity heading towards top trendline of bearflagIf it were to break upwards from its bearflag like we have seen other cryptos in a similar pattern do recently such as solana its measured move breakout target is over 6x! No guarantee it will though and often times after several cryptos have already hit their break out targets the alt coins that are lagging behind don’t always hit their full targets. A correction is bound to happen in the near future after such a pump so must tread carefully on this one..I was dollar cost averaging and bought a decent amount the current low so I’m good no matter which way it heads. It is clearly mirroring the bearflag pattern seen on other game based alts like gala, sand, mana, and then also ones found on solana and qnt. *not financial advice*
COINBASE:AXSUSD
by DrDovetail
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 token AXS price was pumping. Why and what next ?Yesterday there was an unpleasant situation on the AXSUSDT chart. In 3 minutes, the price jumped from $7 to $19 on Binance. This pump was picked up by trading bots, and perhaps traders on other exchanges also managed to react. For example, on WhiteBit, the price rose to $14 The pump occurred because the purchases were made using API keys, at least 3 Binance users who traded using the API key on Skyrex a crypto trading bot platform. Moreover, the trading balance of one of the users was in the region of $1 million. CZ CEO Binance on Twitter reported that their team is clarifying the situation, and the user with the largest trading deposit confirmed and thanked him for the help. Automation of trading is a convenient thing, many cryptocurrency exchanges implement a copy trading service for this, and it is clearly safer than trading through the API. At least because the responsibility for security lies with the cryptocurrency exchange with a large security department and appropriate tools, and when using an API key to trade on third-party platforms, the likelihood of hacking or compromise is much higher. Here is the AXSUSD price chart on the 3-day time frame. As you can see, the AXS price has been in a falling channel for more than a year. Yesterday's "manipulations" with the price of the Axie Infinity token formed the Japanese candlestick "Inverted hammer" , which in normal situations serves as a trend reversal signal. Whether this pattern can be taken into account in this situation is a controversial issue. It can be assumed that perhaps in the future a reversal pattern "Head and Shoulders" will form. The global target for growth of this pattern is around $60. We believe that the first safe purchases of AXS are possible if and when the AXSUSDT price can consolidate above $10. The final reversal of the downtrend to the uptrend will come only after the price of AXSUSDT can gain a foothold above $19 (even during yesterday's artificial pump could not break this level) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
22
AXS Axie Infinity The Full Speculative Bubble and Price TargetAs you can see in the chart, AXS Axie Infinity made 1375X and went from $0.12 to $165 in only one year. Now it is trading at $15.08, still high in my opinion! AXS is an Ethereum based token. Grayscale expressed concerns over the potential impact on the Ethereum Merge, especially on tokens that run natively on Ethereum: The Merge may lead to a fork that might have unexpected and unfavorable outcomes and a scenario where stablecoins and tokens locked in smart contracts might not be redeemable. Token and stablecoin holders might panic and start liquidating their holdings. In this context, my price target for AXS Axie Infinity is $4.29, still 36X higher from 2 years ago. Looking forward to read your opinion about it.
Short
by TopgOptions
41
AXSUSD Above the 1D MA50 but must break this for new Bull CycleAxie Infinity (AXSUSD) broke today above the 1D MA50 (blue trend-line) for the first time since August 18 and continues to trade within the pattern we suggested on our last idea (August 31): As you see, since the price failed to break above the 1D MA50 at the time, it followed the Jan - April fractal as projected and dropped to our 8.50 target and even slightly lower. With the Vortex Indicator (VI) printing a pattern similar to the July 18 1D MA50 break-out, we may be starting a new Megaphone consolidation again. The 1.382 Fibonacci extension is not that far so we can be more positive this time. However we won't be engaging in any long-term buying until the 1D MA200 (orange trend-line) breaks, which has been the Resistance since January 05 2022. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
BINANCE:AXSUSD
by TradingShot
6
AXS will go against the market!Hello, everyone! Recently I showed you the very low targets for altcoins and the Bitcoin. Today I wanna show you the asset which is very closed to it’s bear market bottom. Axie Infinity have the unique wave structure and have already reached the very important level. On the 1D timeframe of the AXSUSDT chart we can see that AXS started it’s last bearish global wave earlier than Bitcoin and other coins. Thus it has formed the wave 2 earlier and we can measure the target for the wave 3. If you remember on the other altcoins the wave 3 reached 1.61 Fibonacci, the classical target. On the AXS wave 3 is extended and reached almost exactly 2.61 level. Now I anticipate the corrective wave 4. Taking into account the fact that wave 2 retraced too much, almost hit the wave 1 start, wave 4 should retrace no more than 0.38 Fibonacci, approximately $12.6. Anyway it is not forbidden for AXS to reach 0.61 Fibonacci level and retest the broken trendline, but in my opinion it looks fantastic. After wave 4 I expect the trimmed wave 5 because wave 3 was extended. I will make an update when will be time to buy. Now you can trade Axie only locally with the target $12. If you are not satisfied with such potential reward – just skip this trade. Best regards, Ivan
by Skyrexio
12
AXSUSD No buy until this level breaks.Axie Infinity (AXSUSD) has been consolidating below the 1D MA50 (blue trend-line) since August 19 2022. This is so far a similar trading sequence to the fractal of April 02 - April 24, where the price dropped aggressively initially before having the consolidation that kick-started the sell-off of April - May. The current Support as in April, is the Higher Lows trend-line. A failure of the 1D MA50 to cross above the 1D MA100 (green trend-line) would strengthen the bearish bias as it failed also back in April. Also the Ichimoku Cloud has already turned red. As a result, a break below the Higher Lows would be a sell signal towards the bottom of the Channel Down. However, this time there is a strong indication that long-term bullish accumulation has started. That is the MACD on the 1W time-frame, which is on a Bullish Cross, the first since July 07 2021. This is typically formed before long-term rallies. Therefore, a break above the 1D MA100 can target the Higher Highs trend-line and the 1D MA200 (orange trend-line) in extension. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
BINANCE:AXSUSD
by TradingShot
AXS - Reminds me of Sandbox Last WeekI wouldn't dare buy this now. only over 14,2 or lower. Rejection is continuous and persistent with Tons of Resistance at 13.88 13.93 and 14-14.03 I am short.. just my humble opinion here. With Mt Gox fears being valid (nobody knows for sure how and when the event will take place) and after Powel's gloomy projections/tone we need to be worried. Let's be aware that markets opening in Asia tonight (Sunday midnight hours for Europe) could add to worries. We be careful and hedged here. 12,35 is the next valid Major support level i can see and it is quite far away. One Love, the FXPROFESSOR
BINANCE:AXSUSDShort
by FX_Professor