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Axieinfinity

🐦AXS symmetric triangle (continuation)AXS/USDT (2h) formed a symmetric triangle (continuation pattern). The price broke out of the formation and is testing the key level (129.9) and the orange trendline as support. If we see a bounce from here than it's super bullish. If not, the price will most likely dive deeper back down into the formation to find a support level. TP1: 134.21 TP2: 141.26 TP3: 145.48 TP4: 153.49 TP5: OPEN++ -- Note: Keep in mind that AXS is a native currency of Axie Infinity(p2e game), which makes it's price very vulnerable to any gameplay changes made by the dev team --
Long
by V0VOLAN
1
Is AXS Bullish or Bearish?Hi guys. I'm here again to talk about the hottest NFT game in the Market. $AXS over the past 2 months had shown us huge rallies as Sky Mavis released AXS staking. I've been leaning towards bearish bias as AXS has formed a bearish harmonic pattern after it peaked at 154 dollars. The latest maintenance recently took some hiccups as it took longer time to finish the updates. AXS still in consolidation on what appears to be a bullish pennant. the apex of the pennant ends at Oct 27, so we will likely see a break out from it sooner. While bias is leaning on the bullish side, a break below the lower trendline will result to a deeper correction to 80 dollars which is about 35% decrease from its current market price. A break however at the higher trendline will confirm the flag pennant pattern and will likely result to an 80% rally towards 230 dollar level. The succeeding 4 hours is important as we are about to finish a daily candle close. A candle close higher than yesterday's candle close will result to a bullish engulfing candle pattern and will likely propel AXS to break out from the pennant. So that's it. Bull/Bear but bias now is leaning towards the bullish side. Let me guys know what you think about it in the comment section. Till next time.
Long
by SeerSignals