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Axieinfinity

AXSUSD: Falling Wedge broken.Axie Infinity turned overbought technically on the 1D timeframe (RSI = 79.330, MACD = 0.200, ADX = 48.531) as it crossed over the LH 1 trendline, which was the top of the twelve month Falling Wedge. Despite this brute force of breakout, the 1W timeframe is still only neutral and the price remains under the 1W MA50. This is a potential indication that, along with the recently formed 1W MACD Bullish Cross, AXSUSD is underpriced on the long term and there is still strong upside left on the current rally. Besides the 1W MA50, we have the LH2 as a Resistance right ahead of it. We are taking a low risk breakout approach on this and will buy after the 1W MA50 breaks. Our target will be the R1 level (TP = 14.000), which depending on how aggressive this rally will be from now on, might make contact with the 1W MA100 there. A break over the 1W MA100 then, targets the R2 level (TP = 20.5000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:AXSUSDLong
by InvestingScope
AXSUSD: 1D MA50 rejection within the Channel Down. Bullish aboveAXSUSD is testing now the 1D MA50, which is sitting a little under the top of the prolonged Channel Down pattern that began at the start of the year. The 1D technical outlook is neutral (RSI = 46.158, MACD = -0.240, ADX = 38.786) meaning that a crossing over the top of the Channel Down will turn the trend bullish but as long as the price stays inside it, it is bearish. This might be a rejection similar to May 17th, which dropped to a Fibonacci 2.0 Lower Low. For now we are bearish, targeting the respective Fibonacci 2.0 (TP = 3.1500). If on the contrary it breaks above the Channel Down we will buy and target the 1D MA200 (TP = 6.3500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:AXSUSDShort
by InvestingScope
ApeCoin and AXS - a race to Zero?People keep asking me "Is altcoins season coming and Which altcoins i should buy now?" I would tell you that most of the altcoins from previous bull markets seem compromised due to unfavorable tokenomics and a looming overhang of unlocked tokens. There's a possibility they may never recover, and it's imperative that we identify a fresh narrative for the upcoming generation of altcoins to gain popularity. In the interim, it appears most logical to maintain exposure to Bitcoin. Crypto VCs are facing significant pressure to deliver returns to their investors. Although certain crypto VC funds have generated returns ranging from 10 to 20 times the initial investment, others have experienced significant losses, prompting investors to opt for cashing out, even when potential returns were considerably higher. These VC funds are expected to continue playing a pivotal role as sellers of altcoins and are compelled to liquidate their holdings. Monitoring the token unlock schedules of these projects can yield substantial alpha, as the anticipated selling pressure is likely to lead to decreased token prices. ApeCoin APE As of September 17, ApeCoin is poised for yet another substantial unlock, this time amounting to $55 million, which represents 11% of the total outstanding tokens. This is significant given the current ApeCoin market cap of $500 million. Since the last unlock on August 17, which involved 4.2% of ApeCoins (equivalent to $21 million), prices have witnessed a sharp decline of -24%. Furthermore, the one-year emission or dilution rate stands at an alarming 58%. Axie AXS On October 20, a significant unlocking event is scheduled for Axie Infinity's token (AXS), involving 11% of the total tokens. Since the previous unlock on July 22, the value of AXS tokens has experienced a notable decrease of -32%. Presently, AXS maintains a market capitalization of $590 million, reflecting a substantial decline of -97% from its peak in November 2021 when it reached $10.5 billion. Additionally, the one-year emission rate stands at 24%. Hard time for AXS and APE holders Even though their prices have fallen considerably, it's difficult to envision a significant rally for ApeCoin or Axie Infinity tokens. These tokens are expected to lag behind the broader cryptocurrency market in terms of performance.
Short
by ShiBob-SB
AXS/USDT Bullish Move Ahead? | AXS Analysis Today💎 Yello Paradisers! Strap in for a thrilling ride with AXSUSDT. It's currently nestled in a demand zone and is primed for a bullish ascent. 💎 At this moment, the asset is maintaining a pivotal support level and oscillating within a defined range. It has encountered some headwinds in the form of a bearish order block within this zone. 💎 The momentum is gathering steam, and there's a high likelihood that the price will shatter the order block to reach new heights. 💎On the flip side, if sellers gain the upper hand and the price dips below the support, it could open up an excellent shorting opportunity. 💎 Stay engaged for more savvy trading insights!
Long
by MyCryptoParadise_Simon
Poised to Lead the Market and Surpass Axie infinity Hype**Merit Circle: Poised to Lead the Market and Surpass Axie infinity Hype** In the ever-evolving landscape of decentralized applications and blockchain gaming, a rising star is making waves. Meet Merit Circle, a groundbreaking Decentralized Autonomous Organization (DAO) that is set to redefine the play-to-earn (P2E) economy. While the concept behind Merit Circle is not entirely new, the project itself has positioned itself as a leading DAO with a mission to maximize value accrual across various metaverse games. At the crossroads of capital, expertise, and players, Merit Circle embodies a unique synergy among investors, platforms, managers, and gamers. Its innovative approach promises substantial returns, potentially transforming the lives of gamers into lucrative income streams. Recognizing the intrinsic value of the project, over 500 scholars are actively engaged with Merit Circle through Axie Infinity, showcasing the platform's early success. What sets Merit Circle apart is its commitment to inclusivity and education. The introduction of a scholarship program for players has not only fostered engagement but also nurtured a thriving community. Scholarships have garnered attention for their potential to train players in new skills that will be in high demand in the emerging crypto metaverse job market. The meritocracy of Merit Circle is underscored by its revenue-generating capabilities. Significant revenues are already flowing into the DAO, benefiting players, liquidity providers, and the DAO itself. As the project expands its focus to new games within the metaverse, the potential for further growth and prosperity is substantial. The project's roster of partners reads like a who's who of the blockchain and gaming industries, featuring luminaries such as DeFiance Capital, Spartan Group, and Yield Guild Games. These reputable entities have commended Merit Circle for its scalable operational process, poised to welcome, nurture, and sustain new members. DeFiance Capital's Arthur has confidently stated that "Merit Circle will be among the top guilds that will be kingmakers in this land." The financial backing for Merit Circle has been robust, with a successful seed round raising $4.5 million. This capital infusion has enabled the project to execute its vision and further solidify its position in the market. While Merit Circle's journey has just begun, its trajectory is marked by innovation and potential. Its support for Axie Infinity and plans to integrate other metaverse games, such as Star Atlas, Illuvium, and Hash Rush, indicate a comprehensive strategy aimed at reshaping the gaming industry. In the realm of cryptocurrency investments, Merit Circle has demonstrated promising growth. Launching at $2.8, it quickly surged to an all-time high of $9.55 before stabilizing. The introduction of staking and ecosystem-related decision-making mechanisms has contributed to its upward momentum, sparking discussions about its potential to reach and exceed $10. In conclusion, Merit Circle has positioned itself as a frontrunner in the evolving landscape of blockchain gaming and DAOs. Its commitment to the play-to-earn concept, coupled with a strong community, strategic partnerships, and impressive financial backing, make it a formidable contender for a spot among the top players in the market. As it sets its sights on reshaping the metaverse economy, Merit Circle is primed to soar to new heights and leave a lasting impact.
MLong
by SophiaAnderson
Axie Infinity was OVERHYPED, and I'm SHORTING it!Without getting into too much detail, I was one of the losers that jumped onto the Axie Infinity hype way too late. And I got burned. Now I want my money back and I'm shorting it. It's a terrible game in my opinion. It's performing much worse than the rest of crypto and is sitting at supply. I see two things happening. A big drop here from 6.661, or an extra pump up to 7.5, sweep, and a big drop back to new lows. KUCOIN:AXSUSDT to the ground :/ This post is intended for education only. It is hypothetical and by no means financial advice. Trading is risky and consultation with your financial advisor is always recommended prior to investing or trading.
Short
by thetradedoc
AXS Axie Infinity and the Altcoin Season ThesisIf you haven`t sold the speculative bubble: Then you should know that the recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season. With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space. This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin. The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market. The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins. The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities. Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list. This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including AXS Axie Infinity, for which my price target is $8.00. Looking forward to read your opinion about it!
Long
by TopgOptions
2
#AXS/BTC 1D (#Binance) Falling wedge breakoutAxie Infinity just regained 20EMA support in satoshi, looks ready for a small recovery towards 100EMA. ⚡️⚡️ #AXS/BTC ⚡️⚡️ Exchanges: Binance Signal Type: Regular (Long) Amount: 11.0% Current Price: 0.0002580 Entry Targets: 1) 0.0002611 Take-Profit Targets: 1) 0.0003049 Stop Targets: 1) 0.0002345 Published By: @Zblaba NYSE:AXS #AXSBTC #AxieInfinity #P2E #NTF #Ronin axieinfinity.com Risk/Reward= 1:2 Expected Profit= +18.2% Possible Loss= -9.1%
Long
by TradingOn
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
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
AXS: Channel Down BreakoutAxie Infinity (AXS) technical analysis: Trade setup : Price appears to have broken out of a Channel Down pattern, which could signal a trend reversal with upside to $13.00 (start of Channel). Conservative traders could wait for a confirmation of breakout – if price breaks above 200-day MA. Stop Loss level should be set below the prior swing low of $7.00. Pattern : Price is trading in a Channel Down patternWith complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Neutral on Short-Term basis and Downtrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $6. The nearest Resistance Zone is $10 (previous support), then $15.
Long
by altFINS
1
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
AXS's price reacted to the resistance rangeAXS's price reacted to the resistance range of $11.78 to $12.50 after successive collisions. The resistance for which it is intended is the range, the breaking of which could change the trend in the daily time frame from range to bullish. But the solid negative reaction observed to this level has caused the movement to range between this resistance and support from $8.40 to $9.40. Also, the 50% retracement Fibonacci retracement was just within the designated support area, reinforcing this level. So as long as this range is maintained, there is potential for further growth and breaking the resistance ahead. Also, in case of breaking and continuing the upward trend, higher targets range from 18.5 to 20 dollars.
by MonoCoinSignal
2
AXS/USDT | Pretty Solid Descending Channel Consolidation..!! #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..🏄‍♂️ 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
1